Business Services Industry
ePlus Sponsors New Aberdeen Report on CPO Agenda: Managing Performance
Business Wire, March 6, 2007
ePlus Customers Contribute to Key Research Findings on Best-in-Class Enterprises
HERNDON, Va. -- ePlus inc. (Nasdaq NGM:PLUS), a leading provider of Enterprise Cost Management solutions, today announced that it has collaborated with and sponsored a new Aberdeen Research report on how best-in-class enterprise Chief Procurement Officers (CPOs) manage their performance.
"We were happy to work with Aberdeen on this study and to give them direct access to our customers," said Ken Farber, president of ePlus Systems, inc. "Everything we do for our customers at ePlus revolves around helping them achieve efficiencies and direct savings in their supply chain and procurement operations. This study was a natural fit for us, and we were confident that the results our customers are realizing would put them in the best-in-class category. We are particularly pleased that so many of them are quoted in the final report."
The report not only presents numerous statistical findings, but also describes the actions CPOs can take to improve performance, from highlighting key issues to focus on, working with the CFO, and the role of technology.
"Measuring procurement performance is an ever-emerging art aided by a technology foundation, which is designed to support it. This must be supplemented by the business and financial acumen of the CPO in order to effectively manage what is being measured," said Vance Checketts, vice president of Global Supply Management Research at Aberdeen Group. "The ePlus customers we spoke to throughout our research process are making excellent use of their technology investments. Furthermore, several of them are at or above best-in-class performance levels, as detailed in our report."
The report itself can be downloaded free of charge here (http://www.aberdeen.com/link/sponsor.asp?spid=30410245&cid=3902).
About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen[TM] for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market.
About ePlus inc.
ePlus is a leading provider of Enterprise Cost Management solutions to information technology, finance, procurement, operations, and supply chain professionals who want to reduce the costs of finding, purchasing, managing, and financing information technology goods and services. Our Enterprise Cost Management solutions provide sourcing, procurement, spend analytics, supplier management, document collaboration, asset management, professional services, and leasing to ePlus' 2,000 customers. Founded in 1990, the Company is headquartered in Herndon, VA and has more than 30 locations in the United States. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com.
ePlus[R], ePlus Enterprise Cost Management[R], and/or other 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 due to certain risks and uncertainties, including, without limitation, the existence of demand for, and acceptance of, our services; our ability to adapt our services to meet changes in market developments; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to hire and retain sufficient personnel; our ability to protect our intellectual property; the creditworthiness of our customers; our ability to raise capital and obtain non-recourse financing for our transactions; our ability to realize our investment in leased equipment; our ability to reserve adequately for credit losses; fluctuations in our operating results; our reliance on our management team; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this release is as of March 6, 2006. ePlus undertakes no duty to update this information.
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