HERNDON, VA - February 6, 2002- ePlus inc. (Nasdaq NM: PLUS - news), a leading provider of business solutions and services, today announced that The Western & Southern Financial Group has completed implementation of Procure+ v6.5 to manage its procurement processes more efficiently and cut overall purchasing costs. The Western & Southern Financial Group chose Procure+ to manage its procurement processes throughout the Western & Southern group of diversified financial services companies, which together have more than $25 billion in owned and managed assets, and approximately 5,000 associates nationwide.
"ePlus was the only company that could provide the comprehensive technology required to enable eProcurement and help us successfully manage all of our processes," said Herbert R. Brown, vice president, Western & Southern. "We are very pleased with the state-of-the-art Procure+ purchasing system, which is essential in facilitating our inventory management initiatives."
Western & Southern, a recognized leader in consumer and business financial services, chose Procure+ to streamline its entire purchasing system and reduce administrative and purchasing costs. This technology will assist the company in achieving its goals of enhancing workflow and purchasing functions, providing tools to effectively manage supplier relationships, expanding e-commerce technology, and reporting capabilities.
"We designed our technology solutions to be simple, practical and useful," said Ken Farber, President of ePlus Systems. "We are pleased that Western & Southern is realizing the benefits of utilizing a proven, mature software solution that provides immediate return on investment and reduces overall costs."
With over 10 years of experience and sustained profitability, ePlus offers total business process automation through the seamless integration of products and services. ePlusSuite consistently helps clients achieve their goals by leveraging a combination of collaborative disciplines such as business and financial services, asset management, eProcurement, and IT Sales and Services.
About Western & Southern Financial Group
Founded in 1888, Western & Southern Financial Group is celebrating 112 years of providing superior service to policyholders. Western & Southern is also the parent company of a diversified financial services group, which includes Western-Southern Life Assurance Company, Columbus Life Insurance Company, The Integrity Companies, Touchstone Advisors, Fort Washington Investment Advisors, Todd Investment Advisors, Integrated Fund Services, Capital Analysts, and Eagle Realty Group. For more information about the Western & Southern Financial Group, visit its Web site at www.westernsouthern.com.
About ePlus inc.
A leading provider of Web-based e-procurement, asset management, financing, leasing, sourcing, and eContent technology and services, ePlus delivers comprehensive and high-value business solutions. The ePlusSuite of products and services, including Procure+, Manage+, Finance+, Service+, Content+, and ePlusMarket, helps businesses around the world dynamically streamline, improve and gain management control. ePlus solutions integrate and automate each aspect of the supply chain process: from requisition to approval, fulfillment, financing and asset management, delivering the highest return on investment.
ePlus™, ePlusSuite™, Procure+™ , Manage+™ , Service+™, B14ZR™, OneSource™, OneReq™, CLG™ and MarketBuilder™ are trademarks of ePlus Inc. Finance+SM is a registered service mark of ePlus inc. ePlus JumpstartSM, and ePlus Content FrameworkSM, are service marks applied for of ePlus.
Founded in 1990, the company is headquartered in Herndon, VA and has more than 30 locations in the US. For more information, visit our website at www.eplus.com, call 800-827-5711 or email to info@eplus.com.
"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:
Kley Parkhurst, SVP
ePlus Investor Relations
Tel: 703-709-1924
kparkhurst@eplus.com
