Perfect Commerce Wins GSA Supply Management Software Contract; Government-Wide Acquisition Contract Includes Reverse Auctions, eRFQ, Supplier Scorecarding and More

Business Wire, August 19, 2002

Business Editors/High-Tech Writers

PALO ALTO, Calif.--(BUSINESS WIRE)--Aug. 19, 2002

Perfect Commerce, the Enterprise Supply Management (ESM) solutions provider, today announced the company was awarded a contract to provide supply management and reverse auction solutions targeted at the $220 billion in non-defense spending, supporting government-wide acquisition contracts (GWACs), multi-agency contracts for information technology and Multiple Award Schedules (MAS) program operated by the General Services Administration. The contract was awarded on May 9, 2002.

Perfect's suite of software provides best-practices to the federal procurement community, including scorecarding, which was specifically called out by the White House Office of Management and Budget (OMB) Circular No. A-76 as a "must have" practice by all agencies and departments. Angela B. Styles, OMB Administrator for Federal Procurement Policy testifying before the Senate Committee on Governmental affairs stated, "As of June 2000, there were 825,000 people in the federal government performing jobs that are commercial in nature -- jobs that people also perform in the private sector. Virtually none of these people have been exposed to the rigors of competition. Competitive sourcing is a means to an end, with the means being competition and the end being better management of our government and better service for our citizens."

Perfect Commerce's GSA contract supports all departments and agencies involved in federal procurement consistent with the "Services Acquisition Reform Act" (SARA). Perfect supports SARA Part 12, including performance-based service contracting (PBSC). Perfect's suite of software and services are also consistent with the Federal Acquisition Streamlining Act (FASA) and the Clinger-Cohen Act.

Perfect's supply management solutions are equally applicable to defense procurement. Between 1995 and 2001 DoD conducted 781 major sourcing events with estimated savings from competitive sourcing of over $11 billion.

"With rising deficits, increased defense and Homeland Security emergency expenditures, saving money is an act of patriotism. Perfect Commerce solutions can immediately help reduce cost in the $220 billion in goods and services the federal government buys each year in non-defense procurement," said Kevin Surace, CEO of Perfect Commerce. "Perfect has a solid, documented track record of providing high ROI procurement solutions and reverse auction solutions to Fortune 500 global contracting organizations, and we are proud to offer the same world class processes to US Government agencies."

Agencies may order from the GSA contract under the provisions of FAR 16.505. For more information specifically about this contract, please visit the GSA website at http://www.gsacatalog.com and search for "Perfect Commerce".

About Perfect Commerce

Perfect Commerce provides Enterprise Supply Management (ESM) software, services and expertise that enable Global 2000 companies such as America West Airlines, Bechtel, Hoover Precision Products, Peabody Energy (NYSE:BTU), Smurfit-Stone (Nasdaq:SSCC), Unocal (NYSE:UCL), and others to increase profits and improve product and service quality. Unlike companies offering only software or services, Perfect Commerce provides a complete solution comprised of software systems and the deep expertise and services in strategic sourcing, six-sigma procurement processes, and business process management needed to harness the power of Enterprise Supply Management. Perfect Commerce's offering complements and integrates with leading ERP solutions such as PeopleSoft (Nasdaq:PSFT), SAP (NYSE:SAP), and Oracle (Nasdaq:ORCL). Perfect Commerce is headquartered in Palo Alto, California. For further information, visit www.perfect.com or call 1-650/798-3335.

Note to Editors: Perfect is a registered trademark of Perfect Commerce, Inc.