Walker's e-procurement solution will allow Bank to Reduce Procurement Costs Through Improved Operational Efficiencies and Better Access to Management Information
4 December 2001 -- Walker Interactive Systems, Inc. (OTCBB:WALK), a global provider of e-business solutions for the enterprise today announced that the Bank of the Philippine Islands has selected Walker's e-procurement solution to improve supply chain efficiencies and leverage management information for cost reductions throughout the bank's 690 branch offices.
Bank of the Philippine Islands invested in Walker's e-procurement solution to fulfil the bank's e-business objective for collaborating in an e-marketplace community where all transactions and processes could be brought online, allowing for real time collaboration between the bank's buyers and suppliers and the bank's branch offices.
"Walker's e-procurement solution will allow Bank of the Philippine Islands to improve on our current procurement and reporting processes to realise both short and long term return on investment by allowing us to monitor the purchases made by the different units within our bank and then leverage that information to make better informed decisions. In addition, by automating and consolidating the bank's requisitions, the bank will now benefit from improved management information which will then be utilised to leverage the bank's position in negotiating contracts between the bank and its suppliers," said Corazon S. Remo, senior vice president of Bank of the Philippine Islands.
During the evaluation period for an e-procurement offering, Bank of the Philippine Islands evaluated several companies including Oracle and EDInet. Walker was selected as the best choice for e-procurement because it was the most cost effective and far reaching in its capabilities for marketplace collaboration of all the offerings Bank of the Philippines evaluated. Additionally, Walker's vision for e-business and collaborative commerce was a deciding factor in the selection of Walker's e-procurement solution.
"We believe Walker is continuously moving forward in the development of their e-business solutions, ensuring Walker will always be at the forefront in providing solutions for e-business in the rapidly evolving global economy. Walker's commitment to setting the pace for collaborative commerce, especially in a global e-business environment, gives us the confidence that the Bank of the Philippines will not be left behind in terms of technology," said Corazon G. Guzman, vice president of Bank of the Philippine Islands.
"Bank of the Philippine Islands is a global leader in providing innovative financial products and services to South East Asia's financial services market and they continue their 150 year history of leadership by moving forward with collaborative e-commerce marketplace solutions from Walker," said Robert Kwok, director, Asia Pacific at Walker. "We are proud to see them realising their vision for bringing the benefits of collaborative commerce to both their organisation and the banking community of the Philippine Islands."
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Walker Interactive Systems, Inc. (OTCBB: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 (c) 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.
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