MEDIA RELEASE PR38510
Paramount Technologies and Office Depot Partner to Promote Integrated PunchOut
WALLED LAKE, Mich., Mar. 3 /PRNewswire-AsiaNet/ --
Integration Streamlines Purchasing of Office Depot Products from within
Market-leading WorkPlace eProcurement Solution
Paramount Technologies, the leading global provider of web-based
procurement, project, and time and expense solutions for midmarket
organizations, announced today a partnership with office supplies megaretailer
Office Depot to promote their integrated PunchOut capability, WorkPlace
PunchOut/cXML. The tight partnership includes an enhanced demonstration
capability, channel incentives and multiple media communications.
Organizations can now experience WorkPlace PunchOut/cXML within a
demonstration site customized for WorkPlace and offering the ability to shop
the complete Office Depot inventory using Office Depot's familiar on-line
catalog interface. The two companies have jointly developed communications and
incentives targeting resellers and customers to expand awareness of, and
generate interest in, WorkPlace PunchOut/cXML.
WorkPlace PunchOut/cXML is based on cXML (commerce eXtensible Markup
Language), the industry standard for PunchOut, ensuring compatibility with all
cXML-compliant suppliers. WorkPlace users select Office Depot with a single
click on the WorkPlace Requisition page to be taken directly to the
customer-specific Office Depot site. All browsing, shopping, real-time
inventory availability and pricing are done from Office Depot's website and
their catalog. After shopping the site, when the user checks out, all of the
items are populated as requisition line items in WorkPlace to complete the
process of account code distribution, shipping information, approving and
creating purchase orders. Once the purchase order is created it will be
automatically sent to Office Depot via cXML to complete the transaction.
"Office Depot is a leader in deploying technology to simplify business
processes," said Salim Khalife, President and CEO, Paramount Technologies.
"Our integrated PunchOut simplifies requisitioning, making employees more
productive and organizations more efficient."
"We are pleased to partner with eProcurement leader Paramount Technologies
to streamline purchasing by our mutual customers," said Chuck Rubin, President
of North American Retail for Office Depot. "The tight PunchOut integration
with WorkPlace eProcurement makes ordering products from Office Depot quick and
easy."
About Paramount Technologies
Paramount Technologies is the leading global provider of web-based Employee
Workforce Automation solutions delivering reduced transaction costs and
enhanced process efficiencies to midmarket and enterprise organizations through
the automation of procurement, requisition, project, time and expense
transactions. Established in 1995, Paramount is a private company
headquartered in Walled Lake, MI with offices in Atlanta, GA and Jacksonville,
FL.
The Paramount Technologies WorkPlace Suite includes WorkPlace eProcurement,
WorkPlace Project Accounting, WorkPlace Time and WorkPlace Expense. WorkPlace
eProcurement automates and accelerates traditionally inefficient paper-based
requisition processes, reducing direct and indirect purchasing costs, reducing
requisition-to-order costs and cycle time, increasing control over business
transactions and streamlining employee requisition management. WorkPlace
solutions are universally accessible from any browser-enabled device; they host
on a Windows server and need no client application software. WorkPlace
solutions easily integrate with Microsoft Dynamics, Sage MAS 500 ERP, Sage
Accpac ERP and other financial systems.
About Office Depot
Every day, Office Depot is Taking Care of Business for millions of
customers around the globe. For the local corner store as well as Fortune 500
companies, Office Depot provides products and services to its customers through
1,585 worldwide retail stores, a dedicated sales force, top-rated catalogs and
a $4.2 billion e-commerce operation. Office Depot has annual sales of
approximately $14.5 billion, and employs about 42,000 associates around the
world. The Company provides more office products and services to more customers
in more countries than any other company, and currently sells to customers
directly or through affiliates in 49 countries.
All trademarks or registered trademarks are property of their respective
owners.
SOURCE: Paramount Technologies, Inc.
CONTACT: Brinton E. Baker,
Paramount Technologies, Inc.,
+1-800-725-4408 Ext. 32,
bbaker@paramounttechnologies.com
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