HERNDON, Va., Sept. 6, 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 an international not-for-profit organization to provide its OneSource Procurement solution to consolidate and manage the organization's global procurement on a single platform.
Faced with purchasing operations spread across four separate, cumbersome, and inefficient purchasing systems, the organization set a goal to unify with a single system. The organization sought a system that is scalable, secure, and easily maintained, and that could integrate with an array of back-end systems. In addition, its selection criteria required the system to: 1) provide streamlined procurement processes, 2) have extensive ad-hoc and custom reporting, 3) improve transaction transparency, and 4) be adaptable to a wide array of end-users with different backgrounds and capabilities.
Upon evaluation, the organization elected to replace its multiple purchasing systems and unify procurement with an upgraded version of ePlus' OneSource Procurement (formerly Procure+). Unifying the organization's purchasing processes under a single application is intended to help reduce spend and give users the ability to manage procurement activity in real time, eliminating redundancies and support costs.Once implemented, OneSource Procurement will process requisitioning, bidding (vendor selection through award), PO processing, vendor catalog management, asset tracking, inventory management, and reporting. The system will also be integrated with Active Directory for single sign-on and integrate with the organization's new ERP system. "We are very pleased to have a long-time customer evaluate our updated solutions against those in the market and select ePlus as the vendor to replace and unify its purchasing process," said Ken Farber, president of ePlus Systems. "As a global organization, a flexible solution with deep functionality and integration requirements was paramount. We are delighted that the organization selected ePlus to help achieve its eProcurement goals."