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News Releases
Enporion Biannual Customer Council Meets on End-to-End e-Procurement Solutions
Tampa, FL – July 14, 2008 – Enporion, a leading provider of supply chain solutions and professional services, held its biannual Customer Council meeting at the end of June in Boise, Idaho. The Customer Council is one of the ways Enporion gains valuable customer input for product enhancements and company strategy as well as providing its customers with the most recent developments in supply chain solutions and outlook for the future.
Andrew Bartels, Vice President of Research, Forrester Research, delivered an overview of e-procurement with his presentation titled “Squeezing More Value From Your e-Purchasing Efforts.” This report provided recommendations on applying technology solutions to specific portions of a typical eight-step spend management process that would yield the optimal return on investment. Examples discussed included automated spend analysis, contract life-cycle management (CLM), and electronic invoice presentment and payment (EIPP). The presentation is available to supply chain professionals at the newly redesigned Enporion website (www.enporion.com).
“The most important aspect of Enporion’s Supply Chain Management solution is our ability to deliver an integrated, end-to-end e-Procurement system from a single vendor; everything we offer was developed by Enporion’s technology team,” said Michael Grohman, Vice President of Marketing and Business Development at Enporion. “And our customers provide ongoing input to the integration process as we continue to enhance the solution; that’s an important part of the Customer Council process.”
Other topics included spend analytics, strategic sourcing, commodity price trends, an update on the new D.O.E. rule regarding distribution transformers, and compliance. The Council concluded with roundtables for sharing best practices. The next Council meeting will be held in November in Tampa, Florida.
About Enporion
Enporion is a supply chain management solutions and services company, providing strategic sourcing and e-procurement applications, and related professional services. Enporion is delivering results for customers in the gas and electric utilities, manufacturing and distribution industries.
Enporion Successfully Completes Type II SAS 70 Audit on Supply Chain Solutions
Tampa, Fla. — May 8, 2008 — Enporion, a leading provider of sourcing and procurement solutions and services, successfully completed a SAS 70 audit, an independent auditor’s review of its e-commerce supply chain management hosted solutions. The audit covered Enporion's supply chain management services for sourcing and procurement, which enables hundreds of utility, manufacturing and other companies to electronically conduct supply chain transactions with each other. The auditor's unqualified opinion noted no exceptions during the audit and that Enporion has established effectively designated control objectives and activities.
“This audit of our operations to gain the SAS 70 approval demonstrates that we are providing trusted, secure supply chain management solutions for our customers,” said George Gordon, Chairman and CEO of Enporion, “and that we strive to exceed expectations by achieving a higher level assurance of our solutions, which in turn strengthens our customers’ operations.”
The Statement on Auditing Standards (SAS) No. 70, Service Organizations, developed by the American Institute of Certified Public Accountants (AICPA), is an in-depth audit of a service organization's control objectives and activities, including controls over information technology and related processes. Application services providers (ASPs) as well as Software-as-a-Service (SaaS) providers, such as Enporion, must demonstrate that they have adequate controls and safeguards in place when hosting or processing customer data. Enporion underwent the extended Type II SAS audit, which includes detailed testing of controls over an extended audit time period.
About Enporion
Enporion is a supply chain management solutions and services company, providing strategic sourcing and e-procurement applications, and related professional services. Enporion is delivering results for customers in the gas and electric utilities, manufacturing and distribution industries.
Demand for Quick Win Supply Chain Solutions Increasing with Renewed Focus
on Costs
Companies joining existing sourcing agreements realizing significant savings.
Tampa, FL - April 17, 2008 - Enporion, a leading provider of supply chain solutions and services, is now making its "Enporion Sourced Agreements" available for rapid savings results.
Businesses can engage supply chain solutions vendors to do spend analysis, however not all vendors can offer the opportunity to join an existing sourcing agreement such as Enporion provides (www.enporion.com). Current economic conditions of rising commodity prices resulting in shrinking margins, along with a slowing down of demand, have businesses laser-focused on costs and the drivers that impact profitability. New supply chain solutions that focus on speed-to-value are emerging in response to this mix of economic factors. Supply chain technology and service providers have a responsibility to develop these new solutions and to adjust existing offerings to meet today's economic challenges. Enporion now offers low-risk entry via a rapidly executed assessment of spend that can take advantage of current sourcing agreements. Any company with annual revenues of $100 million or more is an excellent candidate to consider this assessment and may realize significant operational cost savings as a result.
"Enporion recently renegotiated its sourcing agreement for office supplies on behalf of all our buyers, and the companies are seeing an average of 18% savings compared to prior pricing," said Keith Stanton, Professional Services at Enporion. "Getting that kind of increased profit from an even larger sales increase would probably be quite difficult in this economy."
The advantages of joining an existing sourcing agreement are numerous. Speed-to-value can be achieved by joining an aggregated sourcing agreement, representing one of the quickest ways to deliver sourcing savings to the bottom line. Over the past few years, e-Procurement customers have sourced hundreds of millions of dollars of spend through Enporion Sourced Agreements. For any company that wants to quickly achieve savings, joining an existing sourcing agreement makes sense. Leveraging an existing agreement can occur as quickly as within a few weeks to start saving.
Recent opportunity assessments for customers conducted by Enporion have led to identifying significant quick win on-going savings opportunities worth several millions of dollars for categories such as office supplies, computer peripherals, MRO, electronic components, and safety equipment. Enporion is able to quickly identify targets for buyers because of the large volume coupled with years of collecting detailed spend data. The experience and analysis of sourcing data make a quick win for any company with total spend of over $50 million highly likely.
If a company has not conducted electronic sourcing or procurement yet, these solutions offer easy-entry to supply chain savings and require only that the company provide aggregate spend data. Spend Analysis and joining an existing sourcing agreement are great ways to start leveraging electronic supply chain solutions and achieve early success, while considering other more deeply integrated business process improvements for the long term.
About Enporion
Enporion is a supply chain management solutions and services company, providing strategic sourcing and e-procurement applications, and related professional services. Enporion is delivering results for customers in the gas and electric utilities, manufacturing and distribution industries.
Enporion's Supply Chain Manager®, an integrated suite of e-commerce tools, delivers cost reduction through price and process savings, and includes capabilities in catalog management, supplier enablement and connection, spend reporting, e-sourcing including auctions and electronic RFx's, and contract management. These applications are delivered in a Software-as-a-Service environment, resulting in quick implementation and early realization of benefits. Visit Enporion online at www.enporion.com.
Enporion’s Jim Garcia Named to Supply & Demand Chain Executive’s 2008
Pros to Know
Leading Business Magazine Announces Annual Listing of Top Supply and Demand Chain
Industry Professionals
Tampa, FL - (March 18, 2008) - Enporion, a leading provider of supply chain solutions and services, today announced that its Chief Technology Officer, Jim Garcia, has been named to Supply & Demand Chain Executive Magazine’s eighth annual listing of Provider Pros to Know in its February/March 2008 issue.
"This year's Provider Pros to Know are thought leaders in their respective supply chain segments," said Andrew K. Reese, editor of Supply & Demand Chain Executive. "Their efforts in developing the tools and processes necessary for supply chain transformation, and in promoting new approaches to supply chain enablement, are helping raise Supply Chain's status within the enterprise and have earned them a place on this year's Provider Pros listing."
The Supply & Demand Chain Executive Provider Pros to Know is a listing oftechnology professionals who are reinventing the 21st century supply chain and have personally helped clients apply new technologies or processes to modernize their supply chains.
"Jim and his entire IT team have been instrumental in our company’s success in providing customers with sophisticated supply chain solutions," said George Gordon, Chairman and CEO of Enporion. "His expertise in applying technology to business-to-business processes has propelled Enporion's solutions to the forefront of our industry. I'm thrilled to see Jim and our team recognized by Supply & Demand Chain Executive for their leadership."
Since joining Enporion as Chief Technology Officer in 2001, Mr. Garcia has been instrumental in the creation of the company’s powerful suite of e-commerce solutions. He adopted a model-driven design and development environment that allowed his development teams to model business processes and produce application solutions automatically generated from those models. The result is faster delivery to customers and a record of system availability that regularly surpasses 99.99%.
In addition, Mr. Garcia’s approach to supply chain solutions is to build in customer adaptability by including extensive configuration tools, focusing on interfaces to existing client ERP systems, and by creating rules engines that can accommodate the different process controls and workflow scenarios that every company has created.
About Enporion
Enporion is a supply chain management solutions and services company, providing strategic sourcing and e-procurement applications, and related professional services. Enporion is delivering results for customers in the gas and electric utilities, manufacturing and distribution industries.
Enporion’s Supply Chain Manager®, an integrated suite of e-commerce tools, delivers cost reduction through price and process savings, and includes capabilities in catalog management, supplier enablement and connection, spend reporting, e-sourcing including auctions and electronic RFx’s, and contract management. These applications are delivered in a Software-as-a-Service environment, resulting in quick implementation and early realization of benefits. Visit Enporion online at www.enporion.com.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. On the Web at www.sdcexec.com/
Enporion Announces Expanded Professional Services Offerings
Subba Nishtala Appointed Director, Enporion Professional Services
Tampa, Fla. — March 6, 2008 — Enporion, a leading provider of supply chain solutions and services, today announced a significant expansion of its professional services business offerings. In recent years, Enporion customers have increasingly looked to the company to provide leadership and resources in helping them to execute key supply chain initiatives. As a result, Enporion has decided to increase its staff and capabilities to meet this customer-driven demand.
Subba Nishtala has joined Enporion as Director, Professional Services, reporting to Keith Stanton, Vice President, Professional Services and Operations. Mr. Nishtala, most recently Managing Associate with ScottMadden Consultants, will take a leadership position in growing this important part of Enporion’s business. Mr. Nishtala holds an MBA from the Kenan-Flagler Business School at UNC - Chapel Hill and a Masters in Science degree from North Carolina State University in Raleigh.
“In 2007, Professional Services accounted for nearly 25% of Enporion’s revenue,” as noted by George Gordon, Chairman and CEO of Enporion. “With eight years of executing hundreds of sourcing projects and with an exceptionally strong team creating technology solutions for customer challenges in supply chain management, our customers have increasingly asked for our help in driving process improvements with their supply chain organizations,” he continued. “This represents an important growth opportunity for Enporion, and I am delighted that Subba Nishtala will be a key part of Enporion’s Professional Services Team.”
-more-
Mr. Stanton and Mr. Nishtala have several years of experience working directly with Chief Procurement Officers and their teams in driving strategic sourcing and other initiatives. Mr. Stanton, prior to joining Enporion seven years ago, conducted key consulting engagements while employed by Andersen Consulting (now Accenture), and later by Ernst & Young. In a recent engagement with a Fortune 500 company, Mr. Nishtala led efforts in spend and market analysis, RFP processes, and contract negotiations, resulting in over $5 Million dollars of annual savings to the company.
Enporion’s Professional Services business will focus on the areas of Spend Analysis, Sourcing Services, Technology Services and Change Management. The Professional Services team’s goal is to help clients reduce procurement costs and improve supply chain and financial processes by delivering strategic sourcing services, implementing customized technology solutions, and actively promoting change adoption of improved systems, processes, and technology.
About Enporion
Enporion is a supply chain management solutions and services company, providing strategic sourcing and e-procurement applications, and related professional services. Enporion is delivering results for customers in the gas and electric utilities, manufacturing and distribution industries.
Enporion’s Supply Chain Manager®, an integrated suite of e-commerce tools, delivers cost reduction through price and process savings, and includes capabilities in catalog management, supplier enablement and connection, spend reporting, e-sourcing including auctions and electronic RFx’s, and contract management. These applications are delivered in a Software-as-a-Service environment, resulting in quick implementation and early realization of benefits. Visit Enporion online at www.enporion.com.
