|
PurchasingNet Announces New Supplier Enablement Technology PNet eOnBoarding Helps Companies Increase PNet Adoption and ROI Red Bank, NJ January 10, 2007 – PurchasingNet, Inc. (www.purchasingnet.com) today announced the release of its new PNet eOnBoarding technology - a process that virtually eliminates the “heavy lifting” associated with getting suppliers enabled within PNet eProcurement and ePayables solutions. According to a recent Aberdeen Group study, “The CPO’s Strategic Agenda 2006,” improving supplier development and collaboration is a high priority for CPO’s. Three-fourths of the study’s participants consider supply risk and supplier relationships as top performance metrics. “One of the top challenges of implementing Procure-to-Pay systems is enabling existing suppliers. Our new PNet eOnBoarding technology helps suppliers receive PO’s and send Invoices with minimal effort. This helps our customers increase adoption and speeds their ‘time to value’,” states Tim McEneny CEO of PurchasingNet, Inc. PNet’s eOnBoarding promotes strategic supplier relationships by helping companies quickly get their suppliers into the PNet Procure-to-Pay solution. By doing so, leading organizations can reduce the size of their supplier base and pursue more strategic supplier agreements. To learn more about how supplier enablement has helped a PNet customer, please join us for a Best Practices Webinar on Thursday, April 26, 2007 at 2:00 p.m. EST. During this free online presentation, Joe Monahan, VP, Real Estate & Administration, Liz Claiborne, Inc., and Tim McEneny, President & CEO, PurchasingNet. Inc., will discuss how Liz Claiborne and its’ suppliers have benefited from using PNet’s Early Payment Discount Management program. To register for this Webinar, please visit http://www.purchasingnet.com/events.htm. About PurchasingNet, Inc. PurchasingNet, Inc. 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 Countrywide Financial, US Bank, Navy Federal Credit Union, American Financial Group, Liz Claiborne, HBO, EarthLink, Black & Decker, Kroger, and General Mills.
Erinn Tarpey |