Business Services Industry

BearingPoint Highlights New Government Tax and Revenue Management Solution Suite at SAPPHIRE '07

Business Wire, April 24, 2007

MCLEAN, Va. -- BearingPoint, Inc. (NYSE: BE), one of the world's largest management and technology consulting firms, will showcase its SAP-based Tax and Revenue Management Solution Suite, which has been field tested at the state and national government agency levels, at SAPPHIRE '07 in Atlanta.

BearingPoint serves all 15 U.S. federal cabinet-level departments, governments in 23 states, as well as federal and provincial Canadian government agencies. BearingPoint's Tax and Revenue Management Practice integrates strategy, technology and operations into a solution suite that helps government agencies meet their tax mandates and increase revenue collections. The BearingPoint Tax and Revenue Management Solution Suite leverages the SAP Tax and Revenue Solution for Public Services as its core technology platform.

"Agencies are increasingly looking for faster, more efficient and more cost effective ways to do business," said Cathy Pomanti, executive vice president for BearingPoint's State and Local public services practice. "Through our tax and revenue management systems, BearingPoint helps agencies deliver comprehensive results to increase revenue collection, improve citizen services and reduce the cost of collection."

Using a collaborative and flexible approach, BearingPoint's Tax and Revenue Management Solution Suite has delivered sustainable results, assisting government agencies in increasing tax yield, improving customer service and financial accountability, streamlining operations and modernizing legacy systems, while adhering to detailed privacy and security requirements designed to protect the personal information of citizens.

Recent BearingPoint tax and revenue management projects have shown measurable results and include:

* The British Columbia Ministry of Small Business and Revenue increased revenue collections for the Province, decreased customer complaints to virtually zero and significantly reduced billing and processing errors within the first year.

* The State of Texas processed more than 55 million transactions and handled more than $3 billion in revenue by implementing large-scale, high-volume revenue management systems. The TexasOnline solution has been used by multiple agencies to deliver more than 800 new online services for members of the public.

* United States Customs leveraged the SAP Public Services Collections and Disbursements functionality to increase the speed of fee recovery through improved capabilities to accurately track account fees and taxes and accept payments.

For more information about BearingPoint's tax and revenue management system, visit BearingPoint at booth #1205 at SAPPHIRE or go to www.bearingpoint.com/sap.> About BearingPoint, Inc.

BearingPoint, Inc. (NYSE: BE) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide. Based in McLean, Va., the firm has over 17,000 employees and major practice areas focusing on the Public Services, Financial Services and Commercial Services markets. For nearly 100 years, BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. For more information, visit the Company's website at www.BearingPoint.com.

Some of the statements in this press release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

COPYRIGHT 2007 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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