Major Construction Firms Select Verian Technologies’ Purchase-to-Pay Solution to Capture and Control Spending

Charlotte, NC — June 17, 2008 — Clark Construction Group, LLC. and its wholly owned subsidiary Atkinson Construction have licensed Verian Technologies’ Purchase-to-Pay software. Founded in 1906, Clark Construction Group is one of the nation's most experienced and respected providers of construction services, with over $3 billion of annual revenue and major projects throughout the United States.

Clark and Atkinson had little visibility into the details of the goods and services they were buying, especially across the two companies. They needed a system that would help them enforce a purchasing policy and capture the two companies’ combined spending. Their objective is to look for opportunities to reduce costs by negotiating greater volume discounts and enforcing purchasing from vendors with whom they have contracts.

“We were looking for an easy-to-use, web-based system that would allow us to gain more control and consolidate everything into one process,” said Troy Vallier, CFO for Atkinson Construction. “After our evaluations and due diligence, Verian Technologies’ Purchase-to-Pay solution was the clear choice to help us achieve our objectives.”

With the solution, Clark and Atkinson will have visibility across the two companies’ spending — what they are buying and how much they are spending with each supplier. Vallier said that the companies will benefit from the system’s automated reporting, approval workflow and audit trails.

“We are thrilled to have Clark and Atkinson on board as Verian customers,” said Tehseen Ali, Verian’s President and CEO. “Over the years, our product has proven to be well suited for the construction industry, particularly because of our system’s ability to track and manage project-based purchasing. “We look forward to working with Clark and Atkinson to help them achieve greater success.”

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For more information, contact:

Anita Tauber, Marketing Programs Manager
atauber@verian.com
1-704-602-3372 (office)

  
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