HERNDON, Va, June 3, 2002-ePlus, inc., (Nasdaq:PLUS - News), a leading provider of ePlus Enterprise Cost Management (eECM), today announced the availability of Manage+(TM) 3.0, the latest generation of its industry-leading web-based asset management application. As an integral component of eECM, Manage+3.0 helps automate the entire indirect supply chain and lower the total cost of ownership for its customers, including eProcurement, asset life cycle management, financing, and fulfillment. Manage+ 3.0 gives customers the flexibility to manage fixed assets proactively, enabling enterprise-level access and control with the security of a hosted solution.
"At ePlus, we appreciate that a company's visibility, control and ability to manage its asset base is key to cost reduction and continued growth," commented Phillip G. Norton, chairman and CEO of ePlus. "With ePlus' web-enabled Manage+, we provide the information our customers' need to effectively manage fixed assets and automate business processes. Version 3.0 provides significantly enhanced value and functionality to meet the evolving needs of our customers, in a secure, flexible, and web-hosted application."
ePlus is rolling out the new version of Manage+ as a corporate sponsor at the Gartner Group's Annual IT Asset Management and TCO Summit 2002 in Orlando, FL, from June 3rd to June 5th.
Exciting, effective new features of Manage+ 3.0 include:
- Updated Application Security Layer--protects the integrity and diversity of information by tailoring each individual user's access to menu applications according to privilege and profile
- Enhanced Reporting module--offers expanded option, redeployment and contact reports with extensive query capabilities
- New Change Password Option--enhances each user's system security by making it easier to change passwords frequently to adhere to individual corporate business practices
- New Global Update feature--refines population authorized to make a group change to locations, contacts, or allocations of assets
- Comprehensive Search feature--facilitates multi-field searches bases on a variety of allocation types and equipment options.
Manage+ offers customers a wide range of asset management tools to comprehensively manage assets throughout the lifecycle, including capturing data from the procurement cycle and providing information, reporting, tracking audit trails, and providing management tools during the useful life of the asset. Financial, tax, software license, maintenance, location, user, accounting allocation and budgeting, warranty, and detailed asset data are organized into useful groups, including:
? Asset Detail ? Contacts ? Invoices
? Asset Options ? Allocations ? Financials
? Locations ? Maintenance ? Charge Backs
The latest version of Manage+ includes features and functions derived from ePlus' unique experience of providing real world solutions to customers of many sizes, organizational structures, and industries. Manage+ tracks virtually any type of asset, including IT, software, capital equipment, vehicles, and medical equipment. Manage+ customers are commercial, public, and institutional enterprises including Michael Baker Corporation, Martin Marietta Materials, ProBusiness, City of Raleigh, Commonwealth of Virginia DOT, Westvaco, Hooper Holmes, and Georgetown University.
Manage+ provides a central database that stores, displays, and updates deployment details, such as: serial number, description, model number, installation date, vendor, and equipment status. Manage+ makes tracking changes and creating an asset audit trail seamless with any web browser, allowing movement details, upgrade records, and usage trends to be easily identified.
An asset's multiple and detailed costs are completely tracked and categorized by Manage+ which enables the customer to dissect financial data, prepare budgets, track charge backs, and analyze cost history. As organizational changes occur, Manage+ can globally update all asset information and financial details to reflect a new corporate structure. With its powerful reporting tools, Manage+ can summarize, format, and customize valuable asset information into over 20 standard and any number of customized reports. These reports can be easily retrieved and distributed through a secure web interface.
As a part of the ePlus Enterprise Cost Management solution, Manage+ is an integrated component of ePlus' technology platform, including Procure+, a leading eProcurement software application, Pay+, ePlus' electronic bill presentment, payment and document imaging solution, and Content+, a leading catalog content application and service. eECM cover all aspects of business process management - from procuring goods and services, to tracking financial data and managing corporate assets, to outsourcing, fulfillment, content technology, and related services.
More information about Manage+ can be found at www.eplus.com/manage_plus/index.shtml.
About ePlus inc.
A leading provider of Enterprise Cost Management, ePlus provides a comprehensive solution to reduce the costs of purchasing, owning, and financing goods and services. ePlus Enterprise Cost Management (eECM) packages business process outsourcing, eProcurement, asset management, supplier enablement, strategic sourcing, and financial services into a single integrated solution, all based on ePlus' leading business application software. Profitable since inception in 1990, the company is headquartered in Herndon, VA and has more than 30 locations in the U.S. For more information, visit our website at www.eplus.com, call 800-827-5711 or email to info@eplus.com.
ePlus(TM), ePlusSuite(TM), Procure+(TM), Manage+(TM), Service+(TM), and MarketBuilder(TM) are trademarks of ePlus Inc. ePlus Enterprise Cost Management, eECM, Pay+ and ePlus Leasing are trademarks applied for of ePlus Inc. Finance+(SM) is a registered service mark of ePlus inc. ePlus Content Framework(SM) is a service mark applied for of ePlus.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release, which are not historical facts, may be deemed to be "forward-looking statements". Actual and anticipated future results may vary due to certain risks and uncertainties, including, without limitation, general economic conditions; the possibility of defects in our products or catalog content data; our ability to hire and retain sufficient personnel; our ability to protect our intellectual property; the creditworthiness of our customers; our ability to raise capital and obtain non-recourse financing for our transactions; our ability to realize our investment in leased equipment; our ability to reserve adequately for credit losses; fluctuations in our operating results; our reliance on our management team; and other risks or uncertainties detailed in our Securities and Exchange Commission filings.
Contacts:
Press:
Lisa Savino, Dir. of Marketing
Tel: 631-218-9510
lsavino@eplus.com
Investor Relations:
Kley Parkhurst, SVP
Tel: 703-709-1924
kparkhurst@eplus.com
