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EarthLink Connects with PurchasingNet to Increase Profitability and Enforce Internal Controls Red Bank, NJ April 19, 2004. PurchasingNet, Inc., a premier provider of eProcurement and ePayables software, today announced that EarthLink, Inc. (NASDAQ: ELNK) has chosen PurchasingNet to support their enterprise-wide eProcurement initiatives. EarthLink plans to use the web-based PNet solutions for automating their enterprise-wide requisitioning, purchasing, receiving, and invoicing requirements. Headquartered in Atlanta, EarthLink is one of the nation’s largest Internet Service Providers (ISPs) serving more than five million consumer and small business clients. According to the J.D. Power and Associates 2003 Internet Service Provider Residential Customer Satisfaction StudySM, EarthLink is ranked highest in customer satisfaction among high-speed Internet Service Providers. According to Kevin Dotts, Vice President of Finance at EarthLink, implementing PNet software will help achieve a number of critical goals – establishing purchasing discipline, gaining control over spending, leveraging corporate spend, improving vendor payments, and improving supplier management. “PNet is the systems infrastructure supporting our overall Procurement process. By changing our system, our policy and our process we expect to see solid efficiency gains for our indirect purchases.” PurchasingNet’s Web-based and scalable software will initially be used to manage corporate-wide procurement and will later be expanded to automate the entire supplier invoicing process. According to Dan Brogan, Senior Manager of Sourcing Programs at EarthLink, the relationship between companies continues to grow and strengthen. “PurchasingNet is more than just another software vendor to us,” says Brogan. “We rely on their years of experience and vast knowledge, and we trust in their ability to bring best practices to our organization. Jointly, we expect this relationship to have a great and positive impact on our organization.” 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.
For Details, Contact: Erinn Tarpey |