HERNDON, VA - September 6, 2012
- ePlus inc. (NASDAQ NGS: PLUS
) today announced that its subsidiary, ePlus Systems, inc., a developer of advanced eProcurement and related software, was selected by an international not-for-profit organization to provide its OneSource Procurement solution to consolidate and manage the organization's global procurement on a single platform.
Faced with purchasing operations spread across four separate, cumbersome, and inefficient purchasing systems, the organization set a goal to unify with a single system. The organization sought a system that is scalable, secure, and easily maintained, and that could integrate with an array of back-end systems. In addition, its selection criteria required the system to: 1) provide streamlined procurement processes, 2) have extensive ad-hoc and custom reporting, 3) improve transaction transparency, and 4) be adaptable to a wide array of end-users with different backgrounds and capabilities.
Upon evaluation, the organization elected to replace its multiple purchasing systems and unify procurement with an upgraded version of ePlus' OneSource Procurement (formerly Procure+). Unifying the organization's purchasing processes under a single application is intended to help reduce spend and give users the ability to manage procurement activity in real time, eliminating redundancies and support costs.
Once implemented, OneSource Procurement will process requisitioning, bidding (vendor selection through award), PO processing, vendor catalog management, asset tracking, inventory management, and reporting. The system will also be integrated with Active Directory for single sign-on and integrate with the organization's new ERP system.
"We are very pleased to have a long-time customer evaluate our updated solutions against those in the market and select ePlus as the vendor to replace and unify its purchasing process," said Ken Farber, president of ePlus Systems. "As a global organization, a flexible solution with deep functionality and integration requirements was paramount. We are delighted that the organization selected ePlus to help achieve its eProcurement goals."
About ePlus Systems, inc.
ePlus Systems, inc., a wholly owned subsidiary of ePlus inc., delivers eProcurement and related solutions and services to help public sector clients and commercial organizations across all industries get the most value from their spend. Its diversified portfolio of solutions includes eProcurement, supplier enablement, catalog content management, spend analytics, document management, and asset management. These solutions help drive cost savings, improve compliance, and enhance productivity throughout the organization. ePlus solutions are offered as hosted Software as a Service (SaaS) and traditional enterprise licenses. For additional information about ePlus Systems, visit http://www.eplus.com/software
About ePlus inc.
ePlus is a leading integrator of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, managed and professional services, flexible lease financing, proprietary software, and patented business methods and systems. Founded in 1990, ePlus has more than 800 associates serving federal, state, municipal, and commercial customers nationally. The Company is headquartered in Herndon, VA. For more information, visit http://www.eplus.com/
, call 888-482-1122, or email firstname.lastname@example.org
ePlus, OneSource, Procure+, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies and products mentioned herein may be the trademarks of their respective owners.
Statements in this press release that are not historical facts may be deemed to be "forward-looking statements." Actual and anticipated future results may vary materially due to certain risks and uncertainties, including, without limitation, possible adverse effects resulting from the recent uncertainty in the economic environment and general slowdown of the U.S. economy such as our current and potential customers delaying or reducing technology purchases, increasing credit risk associated with our customers and vendors, reduction of vendor incentive programs, and restrictions on our access to capital necessary to fund our operations; our ability to consummate and integrate acquisitions; the possibility of goodwill impairment charges in the future; our ability to maintain effective disclosure controls and procedures and internal control over financial reporting; significant adverse changes in, reductions in, or losses of relationships with major customers or vendors; the demand for and acceptance of, our products and services; our ability to adapt our services to meet changes in market developments; our ability to reserve adequately for credit losses; our ability to protect our intellectual property; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to adapt to changes in the IT industry and/or rapid change in product standards; our ability to realize our investment in leased equipment; our ability to hire and retain sufficient qualified personnel; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this press release is current as of the date of this release and ePlus undertakes no duty or obligation to update this information.