Harbinger Selects elcom.com's PECOS Procurement Manager for Its Internet-Based Automated Procurement System
Harbinger Corporation to Automate Purchasing Through elcom.eom's
Internet-Based PECOS Procurement Manager
NORWOOD, Mass., May 25 /PRNewswire/ -- elcom.com, inc., the wholly owned technology and eBusiness subsidiary of Elcom International, Inc. (Nasdaq: ELCO), today announced that Harbinger Corporation (Nasdaq: HRBC), has selected PECOS Procurement Manager as its automated procurement solution. Harbinger will implement PECOS Procurement Manager to automate its internal procurement and external ordering processes with its major strategic suppliers.
James M. Travers, Harbinger's President and Chief Operating Officer, said, "Harbinger selected PECOS Procurement Manager as the best-of-breed system to provide our employees with an easy-to-use and efficient automated purchasing system accessible through their desktop web-browser which enables them to self-service purchase and check their order status at any time. In addition, PECOS Procurement Manager enables the Company to monitor real-time product usage, and leverage that information with our suppliers to help provide additional bottom line savings. We look forward to working with elcom.com in the future."
Robert J. Crowell, Elcom International's Chairman and CEO added, "We are pleased to be working with Harbinger, a major eBusiness software and services company, to provide PECOS Procurement Manager to automate Harbinger's purchasing functions. The marketplace for automated procurement systems is rapidly heating up, as exhibited by a recent filing for an IPO by Ariba Technologies, Inc. and Commerce One Inc. By adding Harbinger to our current base of U.S. and European customers, elcom.com continues to forge ahead to position itself as a leader in the emerging category of Internet-based Automated Procurement Solutions."
Tim Minahan of the research firm Aberdeen Group, Inc., said, "When the smoke clears from the initial blast of e-commerce hype, Internet technologies such as PECOS Procurement Manager will prove most valuable as catalysts to improve supply chain management activities, particularly corporate procurement processes."
PECOS Procurement Manager provides clients' personnel with browser-based self-service purchasing functions directly from their desktops, including multi-vendor electronic catalogs that support standard or negotiated "custom" pricing with preferred suppliers. PECOS Procurement Manager's full-circle functionality improves service at all levels, including supporting "order status" inquiries (via the client's intranet) throughout the entire transaction cycle through customer-definable controls that support multiple-level automated e-mail purchasing authorizations with time-stamped audit trails.
Additionally, PECOS Procurement Manager reduces administrative costs by reengineering core procurement activities including decreasing order and invoice processing costs and by eliminating most of the manual processing, and can also help to minimize inventory and related carrying costs. PECOS Procurement Manager also minimizes maverick spending by channeling spending through strategic suppliers which reduces product costs and generates increased volume discounts. PECOS Procurement Manager also captures purchasing data on supplier performance, providing timely and easy-to-understand metrics to aid in supply management decisions.
About Harbinger Corporation
Harbinger Corporation is a leading international provider of business-to-business Electronic Commerce (EC) software, services and solutions. Harbinger maximizes its customers' business potential with comprehensive, scalable EC solutions that help streamline operations, increase profitability and build electronic trading communities. Harbinger's objective is to serve more customers using Internet Protocols (IP) than any other provider and to establish harbinger.net as the preferred transaction portal for E-Commerce information and mission-critical, business-to-business E-Commerce transactions. Headquartered in Atlanta, Ga., Harbinger provides worldwide support to its customer community from multiple U.S. and overseas operations facilities. For more information, visit www.harbinger.com.
About Elcom International, Inc.
Elcom International, Inc. (www.elcominternational.com ), through its wholly owned subsidiaries, develops, licenses and uses client/server and Internet transaction-based software systems which enable the conduct of PC- based interactive electronic commerce over the Internet and telephone networks. elcom.com, inc., (www.elcom.com ), the Company's technology and eBusiness subsidiary, licenses its PECOS technologies to Elcom Services Group's customers and to other companies and competes against companies like Concur Technologies, Inc. and Ariba Technologies, Inc. elcom.com also operates as an Internet online remarketer of PC-oriented and other related products using the Company's electronic commerce and automated procurement and sourcing technology. In this market sector, elcom.com competes against companies like Cyberian Outpost, Inc., Creative Computers, Inc. and Insight Enterprises, Inc. elcom.com has now expanded its Internet storefront by adding an auction site capability, and competes against such companies as eBay Inc., uBid Inc., and Multiple Zones International, Inc. Elcom Services Group, Inc., the Company's PC remarketing and professional services subsidiary, uses the Company's electronic commerce technology to support the marketing of PC products and now operates seven field sales and support offices in the United States and seven in the United Kingdom.
Statement Under the Private Securities Litigation Reform Act.
Except for the historical information contained in this release, the matters described herein contain forward-looking statements that involve risks and uncertainties which might cause the results of such forward-looking statements to differ materially from those anticipated. Such risks and uncertainties include: potential customers' acceptance and usage of electronic commerce software systems of the Company and acceptance of electronic commerce systems in general, the impact of competitive technology products, service providers, and pricing, control of expenses, levels of gross profits, potential decreases in revenue and gross profit due to overall business conditions, the consequent results of operations given the aforementioned factors, and other risks detailed in the Company's Annual Reports on Form 10- K, Quarterly Reports on Form 10-Q, and from time to time in the Company's other SEC reports, including the Company's prospectus included as part of the S-1 Registration Statement declared effective on December 19, 1995 under the Securities Act of 1933.
SOURCE Elcom International, Inc.
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