Perfect Commerce Reports Continued Growth

Adds 13 new clients, expands 17 current relationships in Q3; building diversity supplier community

Adds 13 new clients, expands 17 current relationships in Q3; building diversity supplier community

Kansas City, MO — November 17, 2004 — Supplier relationship management (SRM) solution provider Perfect Commerce this week touted its recent successes, reporting that it had added 13 new clients and expanded its relationships with 17 current customers during the third quarter of 2004.

The solution provider also pointed to its work to build an online community of diversity suppliers within its Open Supplier Network (The OSN), a B2B trading partner connectivity system.

Kansas City-based Perfect said that the addition of diverse companies such as H&R Block, the world's largest tax services company; Aquila, an electric and natural gas utility serving 1.3 million customers across seven U.S. states; and Royal Caribbean Cruises, one of the world's largest cruise companies, demonstrates the broad appeal and functionality of the provider's solutions in a variety of industries.

According to Rick Parrin, assistant vice president of strategic sourcing for H&R Block, "Our source-to-settle initiative required a partner who could provide complete supplier enablement and connectivity capabilities. Perfect Commerce's Open Supplier Network is a pivotal component in achieving H&R Block's objectives of enhancing the procurement process and accelerating [return on investment (ROI)]."

Perfect also added one of the world's largest brand-name apparel manufacturers, an international network of professional services firms, a leading global manufacturer of recreational vehicles, a banking and payment technology solutions provider and a healthcare information technology leader during the latest quarter.

Commented Charles Caraballo, director of procurement with Perfect customer Cambrex: "Perfect Commerce has been a key partner in our effort to streamline and automate our procurement practice. The flexibility and functionality of their solution results in real bottom-line benefits."

In addition, Perfect Commerce said that it is building a Diversity Supplier Network inside The OSN specifically designed to help companies find and transact with minority and disadvantaged suppliers. The initiative is designed to accelerate business growth and assist corporations in increasing their spending with minority and disadvantaged suppliers, Perfect said.

Lonnie Scott, president of The Minority Supplier Council, said that the council's agreement with Perfect Commerce was a strategic move designed to help promote the inclusion of more minority suppliers in large corporations' supplier base. "The ease and speed with which suppliers are electronically enabled to transact with large entities via The OSN is a critical component to growing the opportunities for our constituents," Scott said.

"The significant growth of our diverse customer base, which now includes 160 of the Fortune 1000 companies, is a reflection of our ability to deliver value to our clients," said Sandy Kemper, chairman and CEO of Perfect Commerce. "By helping companies reduce the cost and complexity of their procurement process our solutions contribute directly to bottom-line financial results."