PurchasingNet, Inc. Releases PNet Software Version 9.3

August 19, 2008 – PurchasingNet, Inc. (www.PurchasingNet.com) today announced general availability of PNet Software Version 9.3. The latest PNet offering includes the PNet eProcurement Suite, PNet ePayables Suite, and the PNet Financial Management Suite.

PNet Version 9.3 was created to enhance the end-user experience and provide increased internal controls to improve business performance.

Some highlights from the new features and functions in PNet Version 9.3 include:

• Improved support for Professional Services invoice processing. These types of invoices now utilize a contract Purchase Order in the PNet eProcurement Suite to insure that the contracted amount of services is not exceeded.
  
• Also for Non-PO Invoicing, an email notification can now be sent to a Requestor if their invoice is rejected.
  
• In the KPI Dashboard & Best Practice KPI Library, part of the PNet Financial Management Suite, historical KPI’s can now be captured for up to 12 periods at one time.
  
• Trend charts in the KPI Dashboard and Best Practice KPI Library can now reflect a graphical view of this data for up to 12 periods.
  

Several of the enhancements included in V-9.3 were the result of feedback from PNet Client Forum Brainstorming Sessions and subsequent balloting process.

“We make our customers an integral part of our product development process. Feedback from the Customer Brainstorming Session at our annual Client Forum helps us set priorities for accommodating new features and functions into PNet Software,” stated Tim McEneny, President & CEO, PurchasingNet, Inc.

Version 9.3 will be shipping immediately.

For more information or to schedule a demo, please contact us.

PurchasingNet, Inc. (www.PurchasingNet.com) is a leading provider of Web-based eProcurement and ePayables software to mid- and large-sized companies. The company has over 1,400 customers in Financial Services, Retail/Consumer Products, Professional Services, Media/Publishing, and a variety of other industries.

Founded in 1983, PurchasingNet has focused exclusively on the development and implementation of Procurement and Payables applications since inception. In addition to building an extensive, blue-chip client base, PurchasingNet possesses deep domain expertise in Purchasing and Payables business processes. The average length of service at PurchasingNet is 8 years per employee.

PurchasingNet's customers include US Bank, Navy Federal Credit Union, American Financial Group, Liz Claiborne, HBO, EarthLink, XM Satellite Radio, Black & Decker, Kroger, and General Mills.