HERNDON, VA – July 26, 2005 – ePlus inc. (Nasdaq NM: PLUS – news), a leading provider of Enterprise Cost Management solutions, today announced that it has been named to the 2005 Supply & Demand Chain Executive 100 list of leading supply chain solution providers. Announced in the June/July issue of Supply & Demand Chain Executive Magazine, the list recognizes organizations that use technologies and/or services to address and solve pain points in the supply and demand chain, resulting in a substantial return on investment.
ePlus was selected based on its success in enabling a Fortune 100 Consumer Package Goods Company to consolidate and analyze billions of dollars in purchasing data from more than 250,000 suppliers. The Spend+ VisualEngine™ graphical mapping tool from ePlus provides the company with visibility into spend data at the corporate and business unit level. It saw a quick return on investment, including thorough and accurate spend management, improved leverage of spend, significant cost savings, and better decision making.
ePlus' inclusion in the list for the third consecutive year reflects the acceptance of its Enterprise Cost Management (ECM) offering, which includes expertise in technology, financial and business services, and patented software solutions centered on spend management, eProcurement, product content management, supplier enablement, document collaboration, and asset management. The ePlus solution suite empowers customers to reduce the direct costs of purchases as well as streamline business processes and lower administrative costs for those purchases.
"ePlus is pleased to be recognized again this year by the Supply & Demand Chain Executive," said Ken Farber, president of ePlus Systems, Inc. "We're honored to be included in the top 100 list for our ability to deliver corporate spend management solutions and intuitive access to complex spending patterns, enabling organizations to make better decisions and drive cost savings."
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 United States. For more information, visit www.eplus.com, call 888-482-1122 or email info@eplus.com.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive's user manual for successful supply chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer supply and demand chain management professionals through the complicated, yet critical, world of supply and demand chain management as competitive advantage. Find more information on the Web at www.SDCExec.com.
ePlus, eECM, ePlus Enterprise Cost Management, Spend+ VisualEngine, and/or other ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States 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.
