Perfect Commerce Adds Experience to Advisory Board; Two New Members Represent Major Global Clients

Business Wire, Oct 19, 2004

KANSAS CITY, Mo. -- Perfect Commerce, Inc., leading provider of world-class On-Demand Supplier Relationship Management (SRM) solutions and The Open Supplier Network(SM) (The OSN(SM)), announced today the addition of two new members to its Advisory Board. Stanislas Chevalet, chief procurement officer of BNP Paribas and Maureen Cocoran, senior vice president and chief purchasing officer of State Street Corporation will join the team in their efforts to provide Perfect Commerce with business advice and act as a sounding board for company executives. Both new members are also customers of Perfect Commerce.

The goals of the Perfect Commerce Advisory Board are to discuss emerging customer issues as well as technology and market needs and recommend innovative ideas, improvements in services, processes and technologies. The Advisory Board serves Perfect Commerce by building and maintaining an open dialog between Perfect Commerce and its customer base, as well as acknowledged experts in the purchasing, supply-chain management and market management specialties.

"With our new members, we have broadened our global view and strengthened the customer focus of the Advisory Board," noted Sandy Kemper, CEO and chairman of Perfect Commerce. "Their expertise allows us to continuously refine our work and our point of view on the purchasing process by assuring an open exchange of ideas about how we can improve our services, technology and market activities. It is a critical part of the way our culture keeps itself open to innovation and continuous improvement."

Cocoran and Chevalet join current Advisory Board members Dr. James A. Taylor (Chairman): Author and Consultant, David Brown: Managing Partner, Oak Hill Venture Partners and Vice President of Keystone, Inc., Dr. Joseph R. Carter, C.P.M: University Professor of Supply Chain Management, the Avnet Professor in the College of Business Administration and Chair of the Supply Chain Management Department at Arizona State University, Jim Peterson: Vice President, Purchasing, Yellow Roadway, Tom Restaino: Global Shared Services, ITT and Marty Tenenbaum: Chief Scientist, Webify, and Chairman, CommerceNet.

The newly expanded Advisory Board will meet for the first time during the Supplier Relationship Management Summit Perfect Commerce is hosting in Kansas City on October 25th. Attendees will have the opportunity to hear industry experts such as Laurie Orlov with Forrester Research share insights into how to drive incremental ROI in the procurement process, learn from real-world best-practice case studies and hear John Kornitzer, founder of The Buffalo Fund, discuss the economic outlook for 2005.

About Perfect Commerce, Inc.

Perfect Commerce delivers On-Demand Supplier Relationship Management solutions and also provides connectivity to trading partners via The Open Supplier Network(SM) (The OSN(SM)). The company is a leading business-to-business e-commerce solutions provider with more than 160 Fortune 1000 clients, over 160,000 users and 8,000 suppliers.

Perfect Commerce provides a suite of solutions for the complete sourcing-to-settlement process. The company enables businesses to simplify the complex challenges of spend management, sourcing, contract management, procurement, electronic invoice presentment and payment. Perfect Commerce helps its clients succeed by delivering accelerated return on investment, streamlining the procurement process and enhancing buyer-supplier relationships. Using Perfect Commerce, clients have reduced costs an average of 15 percent, compressed cycle times by 75 percent, and significantly improved procurement processes and analytics.

Headquartered in the metropolitan Kansas City area; with offices in California, Nevada and France; Perfect Commerce can be reached at 877-871-3788 or http://www.perfect.com.