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HERNDON, Va., Sept. 4, 2012 (GLOBE NEWSWIRE) -- ePlus inc. (Nasdaq:PLUS) today announced that its subsidiary, ePlus Systems, inc., a developer of advanced eProcurement and related software, was selected by a leading global law firm to provide its OneSource Procurement software (formerly Procure+) and OneSource Supplier Portal software to manage and unify the firm's procurement processes.
ePlus' OneSource Procurement system will be deployed to capture spend in a broad range of categories, gain visibility of purchases to support the initiative of reducing costs, and unify the purchasing process. Automation of the firm's purchasing processes will help ensure contractual and process compliance throughout its law offices.
The system will be deployed as a hosted subscription service by ePlus and will include modules to support requisitioning, budget checking, purchase order and invoice processing, workflow, bid management, receiving, inventory management, and invoicing, as well as ad-hoc and dashboard reporting. Active Directory integration to enable single sign-on and financial application integration are also critical requirements of the solution.
"We are very pleased to welcome a distinguished law firm to our family of eProcurement customers," said Ken Farber, president of ePlus Systems. "Our experienced team of implementation specialists configured the solution to automate best practices for the deployment and use of the system. We are delighted that ePlus was selected following a thorough evaluation of cloud-based procurement providers."
About ePlusSystems, inc.
ePlus Systems, inc., a wholly owned subsidiary of ePlus inc., delivers eProcurement and related solutions and services to help public sector clients and commercial organizations across all industries get the most value from their spend. Its diversified portfolio of solutions includes eProcurement, supplier enablement, catalog content management, spend analytics, document management, and asset management. These solutions help drive cost savings, improve compliance, and enhance productivity throughout the organization. ePlus solutions are offered as hosted Software as a Service (SaaS) and traditional enterprise licenses. For additional information about ePlus Systems, visit
About ePlus inc.
ePlus is a leading integrator of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, managed and professional services, flexible lease financing, proprietary software, and patented business methods and systems. Founded in 1990, ePlus has more than 800 associates serving federal, state, municipal, and commercial customers nationally. The Company is headquartered in Herndon, VA. For more information, visit
http://www.eplus.com/ , call 888-482-1122, or email
®, and 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 materially due to certain risks and uncertainties, including, without limitation, possible adverse effects resulting from the recent uncertainty in the economic environment and general slowdown of the U.S. economy such as our current and potential customers delaying or reducing technology purchases, increasing credit risk associated with our customers and vendors, reduction of vendor incentive programs, and restrictions on our access to capital necessary to fund our operations; our ability to consummate and integrate acquisitions; the possibility of goodwill impairment charges in the future; our ability to maintain effective disclosure controls and procedures and internal control over financial reporting; significant adverse changes in, reductions in, or losses of relationships with major customers or vendors; the demand for and acceptance of, our products and services; our ability to adapt our services to meet changes in market developments; our ability to reserve adequately for credit losses; our ability to protect our intellectual property; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to adapt to changes in the IT industry and/or rapid change in product standards; our ability to realize our investment in leased equipment; our ability to hire and retain sufficient qualified personnel; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this press release is current as of the date of this release and ePlus undertakes no duty or obligation to update this information.
CONTACT: Kleyton Parkhurst, SVP