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Company News
Press Releases
OpsBuyer™
3.0 Delivers the First Comprehensive Procurement Solution
to the Real Estate Industry
Visibility and control across portfolio purchasing is
the key to delivering immediate savings to Real Estate
Owners and Operators
San Francisco, Calif. -May 22, 2002 -
OpsXchange, the leading provider of e-procurement solutions
for the real estate industry, announced today OpsBuyer™
3.0, the latest release in a suite of e-procurement applications
for the real estate industry. The OpsBuyer™ 3.0 application
enables private-trading networks along the real estate
operations supply chain; helping companies streamline
their entire purchasing process. Enhanced functionality
in the OpsBuyer™ 3.0 application includes,
* Portfolio wide purchasing visibility
* OpsXchange hosted supplier catalogs with product
navigation and productivity tools
* Configurable workflow and approval management
* Order creation, submission, and tracking
* Online Invoice receiving process
* GL code entry and mapping tools
Customers maintain their contract pricing in a custom
online catalog, enabling the enforcement of their purchasing
policies and procedures. OpsBuyer™ 3.0 fully supports
integration with all property management and accounting
packages.
Designed for implementation on a modular basis, OpsBuyer™
3.0 provides a low cost of entry and enables customers
to focus on key areas, such as offline and online purchasing,
online supplier catalog management, automated approval
routing, compliance monitoring, electronic invoice processing,
and integration, achieving short-cycle return on investment.
The suite of products enables customers to continue building
and expanding their e-procurement capabilities by adding
new modules as they become available. OpsXchange plans
the release of additional modules, continuing to help
its customers drive out savings from the purchasing and
accounting process.
In addition to software functionality enhancements, OpsXchange
continues to grow their supplier network with an impressive
array of national and regional suppliers, including Wilmar,
Century Maintenance Supply, Chad Supply, Maintenance USA,
Sherwin-Williams Paint, ICI/Dulux Paint, Boise Cascade
Office Supplies, Office Depot, Whirlpool Appliances, Star
Trac Fitness, and numerous local and regional floor-covering
providers. All suppliers in the OpsXchange Supplier Network
support electronic Purchase Order Receiving as well as
Electronic Invoice Submission to the OpsBuyer™ application.
This marks the first Supplier Network to the Real Estate
industry capable of providing expanded services to the
customer.
"OpsBuyer™ 3.0 provides our customers with immediate
savings inside their organizations. The current application
and fully functioning supplier network places OpsXchange
as the industry standard for both buyers and suppliers",
says Rajiv Naidu, Chairman and CEO. "Our latest release
supplies the information, and tools to help further manage
the purchasing and payables processing within the industry,
clearly positioning OpsXchange as the leading provider
of e-procurement solutions to the real estate industry."
About OpsXchange
Founded in 1999, OpsXchange is the leading e-procurement
solutions provider for real estate operators and suppliers.
OpsXchange licenses its OpsBuyer™ software solution
to real estate owners and operators to better manage purchases
in real time across their portfolios. Real estate industry
suppliers license the OpsMerchant™ Supplier Solution
to integrate seamlessly with OpsBuyer™ Licensees.
OpsXchange enables the deployment of Private Trading Networks
for buyers and suppliers across the Real Estate Industry.
For more information, visit
www.opsxchange.com.
Media Contact:
OpsTechnology, Inc.
Sukhi Singh, 415.222.6992
Email: ssingh@opstechnology.com
Web site: www.Opstechnology.com
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