MAGIC SOFTWARE: Magic Software signs deal with Compass Group to delivereProcurement system based upon Magic eMerchanta; Site to be operational in June2000
Wed May 24 10:44:00 EDT 2000
MAY 24, 2000, M2 Communications - Bracknell, UK -- Magic Software Enterprises
(Nasdaq: MGIC), a leading provider of state-of-the-art application development
technology and business solutions, announced today that it has signed a deal
with Compass Group PLC, a major worldwide foodservice organisation, to deliver
an e-procurement solution. The e-procurement solution will be built using
Magic`s award-winning business-to-business e-commerce solution, Magic eMerchant
a. The new application is expected to become operational in June 2000.
Helping Compass Point the Way to eProcurement
The e-procurement solution being developed by Magic for Compass Group will
provide the company an intranet data infrastructure to better manage and follow
the procurement of food in each restaurant. The objective is to streamline the
flow of business between national buyers, providers and local unit managers in
order to increase productivity, equalize pricing and raise overall order
quality.
The solution will include the ability to build a providers network in which
price lists can be negotiated on a regional level and regional product catalogs
can be generated. In addition, it will allow local unit managers to create their
own catalogs containing information on product preferences, product turnover,
special restrictions and conditions, required authorizations, etc. To ensure the
consistency of the overall system, the new Magic solution will be integrated
with Compass Group`s existing Oracle ERP.
In selecting Magic eMerchant to power the site, Compass Group was looking for an
application that could meet very stringent budgets and deadlines, be easily and
rapidly customized, and seamlessly integrated with its existing back-office
system.
"We chose Magic over Oracle and IBM because they were able to provide us a
competitive, fixed-price solution that could be implemented much more quickly
and efficiently than the other two, and would adhere exactly to our specific
data model," said Ludovic Penin, Compass Group`s IS director in France.
The deadline for completion of Compass Group`s new e-procurement solution is
June 2000.
"We are extremely excited about the challenge presented us by the Compass Group
to create a truly innovative e-procurement solution," said Israel Teiblum,
president of Magic. "It is the type of challenge where Magic excels - fastest
time-to-market, rapid return on investment, exceptional functionality, and easy
integration with existing systems."
About Compass Group
Compass Group is the world`s leading foodservice organization, with clients
distributed throughout Europe, Scandinavia, the United States, Latin America,
Asia and Africa. Founded more than 50 years ago in the United Kingdom, Compass
Group serves the diverse eating needs of millions of people by providing the
best quality food and service to suit each individual location, and by working
in close cooperation with both clients and customers. The Compass Group`s
corporate headquarters are located at Cowley House, Guildford Street, Chertsey,
Surrey KT16 9BA, United Kingdom, telephone +44 1932 573 000, fax +44 1932 569
956, compass-group.com.
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