Perfect Commerce Announces New Product Releases Advances Sourcing And eProcurement Capabilities Of Three Core Products
Event Manager, perfected through years of extensive customer-focused product development and thousands of online sourcing events, has been enhanced recently with key elements of functionality. The new enhancements include a Supplier Self-Registration tool, automated Multi-Stage Event support and streamlined Collaboration and Delegation functions that enable an entirely new level of efficiency within the sourcing process for both buyers and suppliers. According to Sandy Kemper, Perfect Commerce chairman and CEO, "Event Manager has always been a highly functional and powerful tool. With the new Supplier Self-Registration functionality organizations can now drive supplier qualification by using a set of scoring and filtering criteria embedded in the application, rather than the traditional and time consuming paper-based scoring process. These new features place Event Manager far above other RFx tools."
Search Manager
Finding and Comparing Products Has Never Been Easier
In a drive to continue enhancing usability of Perfect Commerce's On-Demand procurement offering, the company recently launched its Search Manager solution. Search Manager, delivered as a hosted solution, provides rich product selection and comparison tools for online catalogues, along with seamless integration back into existing purchasing or procurement systems. "Initial market response to our Search Manager solution has been very favorable as companies look to hosted solutions to continue driving efficiencies into their e-procurement initiatives. Our new Search Manager solution supports a wide range of industry-leading functions which all translate to less time spent during the product selection process and better leverage of contracts and pricing," noted Ian Sullivan, Perfect Commerce, vice president of business development and product strategy.
Combined with the power of The OSN, the largest independent supplier network in the world with 8,000 suppliers and over 21 million SKUs of catalogue content, or in conjunction with other electronic catalogues, companies now have ability to make product comparisons and create automated buying lists. By connecting an existing procurement system such as PeopleSoft, SAP, Oracle and others to Search Manager, an enterprise eliminates many of the inefficiencies of catalogue management. "Easy-to-find, clean content plays a pivotal role in today's procurement process and it's imperative for companies to have a high performance search and catalogue application to complement these elements," added Sullivan.
Procurement Manager
Perfect Commerce has also added more functionality to its suite of procurement solutions with the latest release of Procurement Manager. The expanded functionality includes a greatly enhanced user interface, improved administrative features, easier management of multiple workflows, Blanket Purchase Order support as well as Cost Distribution enhancements. The expanded administrative capabilities allow companies to manage workflow configurations and user profiles at the divisional level enabling an enterprise to make rapid changes. In addition, Cost Distribution which was formerly managed using percentages now includes functionality to configure distribution by quantity and amount. These capabilities provide flexibility and customization delivering a greater level of control for the purchasing organization and allow companies to tailor the tool to their internal approval processes.
According to Sullivan, "The new user interface and advanced workflow capabilities drive deep process efficiencies enterprise-wide. We have seen clients experience a 75 percent decrease in typical purchasing cycle time, better compliance and an overall improvement in spend management." Kemper added, "the release of new solutions, as well as the expanded functionality of our existing offerings, is a direct result of our commitment to provide world-class On-Demand SRM solutions to our customers. Perfect Commerce has experienced significant growth in the past year and these new enhancements will enable us to continue further expansion of our client base."
About Perfect Commerce, Inc.
Perfect Commerce delivers world-class On-Demand SRM solutions and the Open Supplier Network, with more than 120 Global 2000 clients, 160,000 users and 8,000 suppliers. The company now serves a broad cross section of Global 2000 and Fortune 500 clients with significant presence in the oil/gas/chemical, financial services, automotive, and consumer packaged goods industries.
Perfect Commerce is focused on maximizing the buyer-supplier relationship and has enabled large volumes of transactions and savings for its clients. In 2003, the company's consolidated purchasing transaction volume exceeded 3.5 million with dollar volumes reaching $3.6 billion. Perfect Commerce solutions have helped customers reduce costs by more than 15 percent, compress cycle time by up to 75 percent and significantly enhance the buyer-supplier relationship. Headquartered in the metropolitan Kansas City area, Perfect Commerce can be reached at 816.448.4323 or via the Internet at www.perfect.com.