Business Services Industry
Lawson Signs Multi-Suite Contract with Tufts-New England Medical Center
Business Wire, April 5, 2005
ST. PAUL, Minn. -- Academic Medical Center Chose Lawson's Comprehensive Set of Applications to Help Drive Business Process Improvements and Timelier Decision-Making
Lawson Software (Nasdaq:LWSN) signed a multi-suite contract with the Tufts-New England Medical Center in Lawson's third quarter of fiscal 2005, which ended Feb. 28, 2005. The academic medical center licensed Lawson's Financials, Human Resources, Supply Chain Management and Reporting suites to help it reduce administrative costs and make actionable business intelligence more readily available to key decision makers.
Located in Boston, Tufts-NEMC has 451 licensed beds and more than 5,000 employees. It operates two hospitals: one serving adults and The Floating Hospital for Children, which is dedicated exclusively to pediatric care. Tufts-NEMC also is the principal teaching hospital for Tufts University School of Medicine and conducts a variety of scientific research and clinical trials.
"Lawson offered the best 'speed of value' for our business needs and aggressive rollout timeline with minimal customization," said Bill Shickolovich, chief information officer of Tufts-New England Medical Center. "Competing products would have taken us at least six months longer to implement. We also were concerned about the uncertainties surrounding the future of those competing product lines."
Specifically, Tufts-NEMC will use the integrated Lawson system to consolidate its application portfolio on one platform and to replace multiple legacy financial and human resources systems. And in materials management, Lawson's Supply Chain Management application will support the business process changes Tufts-NEMC has made in the last year to better control supply costs.
"Replacing our disparate legacy systems with one integrated ERP system will allow us to reallocate resources, turning data gatherers into data analyzers," added Shickolovich. "This will drive more timely decision making to sustain and grow business performance improvements across our organization."
Tufts-NEMC began its Lawson implementation in March 2005 and expects to be live on all applications by the spring of 2006.
"In an environment of resource scarcity, delivering high-quality care requires hospitals to establish an efficient, effective operational foundation," said Stacey Hicks, Lawson industry marketing director - Healthcare. "Our expanding healthcare product offering directly addresses this issue, helping healthcare providers optimize their key resources so they spend less time on administrative tasks and more time with patients."
Lawson serves more than 500 healthcare industry clients representing more than 4,500 facilities, including eight of the top 10 integrated delivery networks. The company also serves managed care systems, academic medical centers, hospitals, clinics, physician group practices, home healthcare, long-term care and other health services enterprises. Lawson solutions help healthcare organizations manage their business so they can focus on their patients, automate and streamline materials management for a better bottom line, and overcome the challenges of labor shortages.
About Lawson Software
Lawson Software provides business application software and consulting services that put time on the side of services organizations in the healthcare, retail, government and education, banking and insurance and other markets. Lawson's software suites include enterprise performance management, distribution, financials, human resources, procurement, retail operations and service process optimization. Headquartered in St. Paul, Minn., Lawson has offices and affiliates serving North and South America, Europe, and Africa.
Forward-Looking Statements
This press release contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software, Inc., and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company is not obligated to update forward-looking statements based on circumstances or events that occur in the future. Risks and uncertainties that may cause such differences include but are not limited to: uncertainties in the software industry; global military conflicts; terrorist attacks in the United States, and any future events in response to these developments; changes in conditions in the company's targeted service industries; increased competition and other risk factors listed in the company's most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission and as included in other documents the company files from time to time with the Commission.
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