Integrating Transportation, Fleet Management with e-Procurement Hub

Enablers Richer Systems, Corcentric aim to automate purchase and invoice data flow for vendors using AmeriQuest e-hub

Enablers Richer Systems, Corcentric aim to automate purchase and invoice data flow for vendors using AmeriQuest e-hub

Chicago — December 1, 2004 — Richer Systems Group (RSG), a provider of solutions for the fleet management industry, and Corcentric, a B2B e-commerce solution provider, have joined forces on an integration project to link RSG's transportation and fleet management systems with a Corcentric-developed transportation procurement e-hub operated by AmeriQuest.

The partnership, integrating RSG's enrich Transportation Management and Fleet Management Systems with the Corcentric Optimal eFlow System, will allow purchase and invoice data to flow automatically between the 100-plus vendors currently using the Corcentric e-Hub developed for AmeriQuest and the transportation and fleet management providers using the enrich system.

"A seamless and automated process will eliminate significant overhead for enrich users and allow them to approve invoices online, receive invoices faster, eliminate lost invoices and automate [general ledger] coding of invoices into the enrich accounts payables," the two solution providers said in announcing their alliance.

Hogan Motor Leasing of St. Louis will be the first customer to use the integrated capabilities being developed. "enrich has been in use at Hogan Motor Leasing since 1999 and has allowed Hogan to grow significantly without significant additions to our overhead," said Brian Hogan, president and CEO of the leasing company. "We have also enjoyed real benefits in our purchasing through Corcentric's eHub. The integration that will tie these two important business systems together will support our continued growth and create new opportunities for efficiencies in our business."

Eric Richer, president of Richer Systems Group, said, "Hogan has been an important customer of enrich, and we are pleased that we can provide new capabilities through the integration to support our customers drive to grow their business, reduce overhead and serve their customers better."

Doug Clark, CEO and President of Corcentric commented: "This announcement with enrich reflects our commitment to establish long-term partnerships [that] support continuous cost improvements and productivity enhancements for all of our participants. We anticipate rapid adoption of these capabilities by our participants."

AmeriQuest Transportation and Logistics Resources provides procurement services, outsourced transportation management services, logistics consulting, and full-service leasing to the commercial trucking industry.

Corcentric, founded in 1998, is focused on the B2B e-commerce market, providing an Internet-based solution that enables companies to conduct business electronically. Currently, more than 600 locations are utilizing Corcentric's services, and transactions valued at over $500 million run through the Corcentric secure system on an annual basis.

RSG is a vendor of enterprise resource planning (ERP), e-commerce and asset management and maintenance software solutions, and a provider of application services (ASP) to the commercial transportation industry. Founded in 1990, the company maintains its head office in Calgary, Alberta.

Introduced seven years ago, RSG's enrich Transportation and Fleet Management Systems offer applications for various aspects of the transportation services industry, from full-service lease and rental operators to common carriers. Customers can deploy the enrich software modules, in whole or in part, to meet the unique requirements of each enterprise, RSG said.

In other news, Richer Systems Group recently announced the appointment of three new executives, including Ken Chapman, hired to fill the position of vice president of product development and client services; Glenn Bryan, who was promoted to vice president of consulting services; and Richard McKeel, promoted to manager of quality assurance.

"With the recent growth of the enrich customer base, RSG has doubled its staff in order to meet demands for new services and to ensure continued momentum to improve business processes and product quality," the company said in announcing the executive appointments. "The company has implemented new services, including enhanced Quality Assurance processes and a new web-based HELP desk call tracking system to add further support to its growing customer base."