HERNDON, VA – March 30, 2005 – ePlus inc. (Nasdaq NM: PLUS – news) a leading provider of Enterprise Cost Management solutions, announced today that it was selected and has implemented spend analysis services for the domestic operations of PepsiCo, Inc. (NYSE: PEP). The project involves the use of ePlus’ Spend+ VisualEngine™ graphical spend mapping tool and other Spend+ services to help Pepsi analyze its spend.
Pursuant to the agreement, ePlus has aggregated, cleansed, and normalized spend data from all domestic Pepsi divisions; ported the cleansed data into the Spend+ VisualEngine application; and configured the VisualEngine software to incorporate Pepsi-specific business rules. ePlus hosts the application to provide 24x7 access for Pepsi’s procurement officers.
“In a company as large as Pepsi, the sheer volume of spend data poses formidable obstacles to efforts to see where money is being spent and where costs can be trimmed,” said Ken Farber, President of ePlus Content Services, Inc. and ePlus Systems, Inc. “The Spend+ VisualEngine cuts through the clutter to provide a clear, concise, and completely interactive view of the spending landscape through visual mapping.”
The Spend+ VisualEngine utilizes graphical boxes of different size, shape, and color and other visual cues to visually illustrate spending patterns uncovered by the software’s analysis of corporate purchasing data. The largest exceptions, based on Pepsi’s business rules, float to the top of each map, making it easy to pinpoint the most critical areas of concern.
A dozen or more dimensions of data can be presented on each screen, and more detailed information can be viewed by drilling down to associated layers of data. This eliminates the need to scour multiple reports to extract and assemble the information.
The Spend+ VisualEngine is available either as an installed or a hosted application. It is part of a complete suite of ePlus spend analysis services that also include data aggregation, cleansing, normalization, and classification capabilities. ePlus can consolidate the customer’s spend data from procurement, eProcurement, ERP, MRP, and/or PCard systems and other sources.
About PepsiCo, Inc.
PepsiCo is one of the world's largest food and beverage companies, with annual revenues of $29 billion. Its principal businesses include Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. Its portfolio includes 16 brands that each generate $1 billion or more in annual retail sales.
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, product and catalog content management, supplier enablement, strategic sourcing, financial services and document access and collaboration into a single integrated solution, all based on ePlus' leading business application software. The company is headquartered in Herndon, VA, and has more than 30 locations in the U.S. For more information, visit www.eplus.com, call 888-482-1122 or email info@eplus.com.
ePlus, Procure+, Content+, Spend+, Spend+VisualEngine, eECM, ePlus Enterprise Cost Management, and/or other ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the U.S. and/or other countries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
“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, the existence of demand for, and acceptance of, our services; our ability to adapt our services to meet changes in market developments; the impact of competition in our markets; 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.
