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Date Posted: 5/23/2001
Deltek Delivers E-Procurement Software For Automating Supply Chain Management in Project-Based Organizations
McLean, VA -- May 18, 2001-Deltek Systems, Inc. (NASDAQ: DLTK) today announced the release of Deltek eProcurement, an Internet-based application designed to automate and support existing supply chain management activities in project businesses and professional services organizations. The application can be deployed stand-alone or interfaced with other Deltek back office products to provide a complete back office automation and supply chain management system.
The ability to effectively and efficiently select, purchase and pay for goods and services online along with other procurement activities is an especially important competitive advantage to project-based businesses. The quality of project performance often depends on a project manager's capabilities for making the every day purchasing and related resource allocation decisions that keep projects on track.
Deltek's President and CEO, Ken deLaski, notes that, "Deltek conducted a extensive search to find the best e-procurement solution for our clients -- one that could be operated in a hosted environment as a standalone solution or integrated with Deltek's products. That is why we selected Procure+ from ePlus' to power Deltek eProcurement.
deLaski continues, "The combination of Deltek's software, solutions and consulting with ePlus' technology and services will enable our enterprise clients to deploy and leverage one of the most comprehensive and integrated procurement solutions available in today's market."
With Deltek eProcurement, project managers and others involved in supply chain activities can leverage the power of the Internet to cut costs for goods and services as well as administrative activities. It also provides capabilities for aggregating purchasing power, shortening order processing and fulfillment cycles and improving inventory management practices.
To realize these benefits, the application provides a comprehensive set of sophisticated features for automating collaborative planning, design, strategic sourcing and catalog and content management. Deltek eProcurement's open architecture also allows clients to incorporate their existing methods and processes for buying goods and services, giving them the flexibility they need to maintain relationships with suppliers, purchasers and others already in their supply chain.
Networked, automated procurement solutions like Deltek eProcurement are continuing to win broad favor among purchasers in many professions, according to the results of a recently published survey on e-procurement strategies. The percentage of firms adopting or planning to adopt e-procurement technology doubled from 22% in 1999 to nearly 55% in 2000. Net-based buying alone increased from 41% in 1999, to 68% in 2000, and should leap an additional 10% by the end of 2001. See: E-Procurement Strategies: The Old Economy Strikes Back, Purchasing.com, March 22, 2001.
Deltek eProcurement Facts At A Glance
Thin-client design eliminates need for installation at the client site Use of XML and cXML technology ensures scalability, flexibility and open architecture standards Flexibility enables users to tailor solution to support existing business rules and workflow procedures Unified approval process eliminates unauthorized purchasing Allows users to open supply chain activities to participation by any vendor Interfaces with any of Deltek's back office systems
About ePlus:
ePlus is a leading provider of remotely hosted, Web-based e-procurement, asset management, and financing solutions. Founded in 1990, the ePlus is headquartered in Herndon, VA and has more than 20 locations in the US. For more information, visit the corporate website at www.eplus.com, call 800-827-5711 or email to info@eplus.com.
About Deltek Systems, Inc. (NASDAQ: DLTK)
Deltek is a leading provider of business software, solutions and consulting to over 7,500 professional services firms and project-based companies worldwide. Deltek's solutions encompass project and financial accounting, client relationship management, time collection and employee expense, proposal automation, project and resource management, human resources and payroll, business intelligence, and e-Business. The company's 700 dedicated professionals have extensive insight, knowledge and experience in all areas of professional services automation. Integrated services include premium-level customer support and software maintenance, implementation and practice management consulting, and classroom training. For more information, visit Deltek at www.deltek.com, or call 800/456-2009 in the U.S., or +44 (0) 20 7518 5010 in the U.K.
Deltek Public Relations:
K. Allen Farber, Press Officer, 800/456-2009 x4544; Cell: 703/598-3585; afarber@deltek.com
Investor Relations:
Babette J. Aller, Investor Relations Manager, 800/456-2009, ext. 4444; e-mail: baller@deltek.com
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