Walker’s e-Procurement Solution Reduces Standard Life’s Procurement Costs Wednesday 28 February 2001 PDF Print 28th February 2001 -- Walker Interactive Systems, Inc. (Nasdaq: WALK), a global provider of e-business solutions for the enterprise, announced that Standard Life, one of the world’s leading mutual financial services groups, has invested in Walker’s e-procurement solution, including the latest release of its e-buyer and e-supplier collaborative applications to support Standard Life’s e-procurement initiatives. The primary reasons Walker was chosen following an extensive evaluation of e-procurement solutions were threefold. First, Walker’s e-procurement solution closely matched Standard Life’s sophisticated and advanced business requirements in the e-procurement area. Second, Walker’s solution leveraged the current IT infrastructure within Standard Life. Third, Walker’s e-procurement solution will provide the best return on investment in a very short time scale. “At Standard Life there are a number of initiatives being put in place associated with achieving “value for money”. These initiatives are designed to make the organisation even more efficient and cost-effective, enabling us to be more competitive in the aggressive financial services marketplace,” said Gary Morrison, Head of e-Commerce at Standard Life. “The business goals for the e-procurement project are to reduce our costs through focusing on fewer suppliers and improved negotiation while making the delivery of supplies to employees faster and more efficient.” Morrison continued, “The Walker e-procurement solutions will enable Standard Life to achieve these business goals by allowing us to more easily review our suppliers. We plan to streamline the number of suppliers while negotiating better deals with those suppliers with whom we will partner with for the future. “In terms of achieving faster delivery of supplies, the goal is to give all employees the ability to check and order supplies quickly over the web in a highly collaborative manner. We have over 10,000 employees in the UK in Standard Life and its subsidiaries Standard Life Bank and Standard Life Investment. Once on-line, every one of them will be able to order rapidly, while easily seeing if an item is available, which will significantly speed up the whole process.” Morrison concluded. “The benefits of e-procurement are readily identified: automated contract settlement, consolidation of suppliers, optimal prices, increased supplier collaboration and better information to make more informed purchasing decisions,” said Roger Llewellyn, UK Managing Director at Walker. “Walker is delivering innovative e-procurement solutions and we are delighted to welcome Standard Life as an e-procurement client. This contract is proof that Walker is a leader in the market in e-procurement and collaborative commerce.” About Walker’s e-procurement Solutions: e-procurement – Walker's e-procurement solution gives your organization the ability to electronically connect corporate users and buyers directly with the source, thereby circumventing the time-consuming processes that drain your corporate assets. More than simply a web interface to purchasing; it merges tried-and-true business applications with robust Internet technology and business process expertise. Collaborative Commerce Applications: - e-supplier – allows a company’s suppliers to serve themselves, thus reducing costs to all parties. Using the portlet, the supplier securely reviews payment and dispute information, checks invoices, and reviews their supplier scorecard in terms of on-time deliveries, quantity, accuracy and pricing. The supplier also, with the proper authority, updates the catalogue with new prices and other necessary information. - e-buyer – facilitates corporate purchasing so employees purchase the items they need from authorised suppliers. Simply stated, e-buyer provides an easy Web shopping basket for all users. Additionally, the employees check the status of previous requests to see if they have been approved, ordered or rejected. For additional information contact: Standard Life contact Raemond Charles Tel. 0131 245 6467 Email: firstname.lastname@example.org Walker Contacts Susan Morgan Tel: 01296 505253 Email: email@example.com Fiona Moon Tel: 01296 505240 Email: firstname.lastname@example.org About Standard Life Standard Life group is one of the world’s leading financial services groups offering pensions, life assurance, savings, investments, mortgages and health insurance. Standard Life Bank, Standard Life Investment and Standard Life Healthcare are wholly owned subsidiaries of Standard Life. The Standard Life group employs 12,900 globally with 10,000 of these sited in the UK. Standard Life has offices in United Kingdom (headquarters), Bermuda, Canada, China, Germany, Ireland, India Spain and associates in many other countries. About Walker Walker Interactive Systems, Inc. (Nasdaq:WALK), headquartered in San Francisco, California, is a leading, global provider of e-business solutions for the enterprise. The Walker family of e-business applications and vertical industry solutions, combined with integration and consulting services, is utilised by Global 2000 organisations in industries including banking and financial services, retail, transportation and utilities. Information about Walker is available at http://www.walker.com Copyright © 2001 Walker Interactive Systems, Inc. Walker, Horizon and Deep e-business Solutions are trademarks and/or registered trademarks of Walker Interactive Systems, Inc. All other brand and product names are trademarks of their respective owners. This press release was distributed by ResponseSource Press Release Wire on behalf of Cedar Software Ltd in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.