Exact Software's "Leveraging Technology in Uncertain Times" program is designed to address key concerns like improving productivity and controlling costs.
MIDDLETON, Massachusetts - March 12, 2009 - Exact Software, the leading provider of solutions that help businesses better serve their customers by integrating their organization through optimized processes and structured critical knowledge, has developed a program geared toward helping businesses proactively address the economic downturn.
Through, Leveraging Technology in Uncertain Times, small and medium-sized businesses can learn how IT solutions can help them meet the various challenges associated with a volatile economic climate, as well as position them to take immediate advantage of the impending upturn. By understanding how technology can help reduce overhead without negatively impacting productivity, companies can ease the pressure brought on by expenditures while remaining agile and robust enough to seize upon new opportunities for business. This concept is supported by findings of consulting firms like McKinsey, who report that "targeted IT investments can make operations more efficient and increase revenues, delivering returns larger than simple cost-cutting measures typically do," (Managing IT in a downturn. Beyond cost cutting, McKinsey, 2008).
"Exact Software is dedicated to helping our customers maximize the efficiency of their business operations, this is especially important when the economy is in the midst of a down cycle, " says Mitchell Alcon, President, Exact Software Americas. "As companies evaluate their IT investments throughout 2009 and look to cut costs, it is important they have solutions that can positively impact their bottom line."
Exact's program focuses on helping businesses…
-Optimize the entire order-to-cash accounts receivable process, saving time, lowering risk, improving cash-flow and providing a crucial real-time business overview. This involves, for example, automating and integrating processes in one system, facilitating customer order and payment monitoring, better assessing customers' credit status and reducing bad debts.
-Streamline the procurement-to-pay process, helping firms gain control of costs, improve cash-flow and enhance transparency. This means, for example, aligning incidental spending, expenses and purchase limits, optimizing invoice approval and eliminating the need for hard copy invoices stored in multiple departments.
-Deploy stock control and logistics solutions that provide accurate stock control and reliable delivery. Reducing stock levels reduces costs, and with more reliable delivery, firms can increase customer intimacy and stimulate repeat sales - a key source of profit in difficult times.
Under the global umbrella Exact Solutions for Challenging Times, several specific solutions have been defined to help customers weather a tough economic climate. These solutions address the specific challenges of small to medium-sized companies in an economic downturn and are targeted to increase business insight and control, reduce costs, maximize cash flow and improve customer relations.
About Exact Software
Established in 1984, Exact Software is one of the world's leading providers of business software solutions. Its integrated solutions comprise traditional enterprise resource planning (ERP) as well as related software solutions such as human resource management (HRM), customer relationship management (CRM), corporate performance management (CPM), project management and electronic workflow.
Exact is headquartered in Delft, the Netherlands and has offices in Europe, the Middle East, North, Central and South America, Asia, Australia and Africa. With around 2,500 employees, subsidiaries in more than 40 countries, and solutions available in 40 languages, Exact currently serves customers in more than 125 countries.
Revenues in 2008 amounted to $261.0 million. Exact Holding N.V. has been listed on Euronext Amsterdam since June 1999.
Exact Software Americas is headquartered in Middleton, Massachusetts, and is responsible for the management, development, marketing, sales and services associated with the Exact Synergy and Exact Globe Enterprise brands in North, South and Central America, as well as the Exact Macola ERP, Exact JobBOSS, Exact MAX, Exact Alliance/MFG and Exact Business Analytics brands worldwide.
Exact, Exact Software, Macola, Synergy, Globe Enterprise, JobBOSS, MAX, Alliance, and Exact Business Analytics are trademarks or registered trademarks of Exact Holding N.V. and/or its subsidiaries in the U.S. and/or other countries.
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