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 Walled Lake, Michigan, March 2, 2010 ― Paramount Technologies, the leading global
provider of web-based procurement, project, 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, 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.
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Media Contact:
Brinton E. Baker
Paramount Technologies, Inc.
800.725.4408 Ext. 32
bbaker@paramounttechnologies.com
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