DBRS
to Implement Verian Technologies' Purchase-to-Pay Solution
Charlotte, NC — June 26, 2007
— DBRS, an international rating agency that provides
timely and comprehensive rating opinions to the world's
capital markets, has recently signed with Verian Technologies
to implement ProcureIt — Verian's web-based Purchase-to-Pay
solution. With offices in Canada, US and Europe, DBRS needed
a comprehensive, easy-to-use, web-based system to better
capture and manage purchase orders and non-purchase order
invoices, as well as improve compliance with both internal
and government policies.
"ProcureIt will give us the ability
to better manage the global procurement process at DBRS,"
says Mike Burns, Managing Director IT. "As a result,
we will be able to better support our staff, realize cost
savings and simplify the entire process."
With ProcureIt,
DBRS will:
- Improve efficiency
and reduce overall costs of the back-office
accounting process
- Better manage risk
and compliance
- Utilize management tracking
and reporting tools to enhance operational processing
- Reduce the paper
chase in purchasing
- Increase budget
accountability
- Enhance the audit process
by having a complete audit trail of the
purchase-to-pay workflow
- Improve vendor negotiated
relationships by utilizing the purchasing data
captured in ProcureIt to see who is buying what, where
and from which vendors
"An organization such as DBRS
that still used paper purchase orders and invoices in its
purchasing process is a perfect match for our ProcureIt
solution," said Tehseen Ali, President & CEO of
Verian Technologies. "We look forward to working with
DBRS to not only reduce the paper chase in purchasing but
to also assist them in improving the overall Purchase-to-Pay
process in the organization."
-------------------------------------------------
For
more information, contact:
Anna
Rushing, PR Coordinator
arushing@verian.com
1-704-602-3372
(office)
1-704-609-2740
(cell)
About
DBRS
DBRS is
a recognized, international rating agency, providing timely
and comprehensive rating opinions to the world's capital
markets. Privately owned and independent, DBRS offers in-depth
credit analysis of corporate, financial institutions and
government issues in North America, Europe, Asia and Latin
America. DBRS's extensive coverage of structured finance
and securitization has solidified its standing as a leading
provider of comprehensive in-depth credit analysis.
DBRS
is headquartered in Toronto, with offices in New York, Chicago,
London, Frankfurt and Paris, and covers entities worldwide.
About
Verian Technologies
Verian Technologies
helps mid- and large-sized organizations control spending
by providing easy-to-use solutions that automate procurement,
invoice processing, employee
reimbursements and asset
management — capturing all expense data in a single
database for analysis. ProcureIt, Verian's product suite,
is one of the most widely adopted “procure-to-pay”
systems among North American organizations. Verian was founded
in 1996 and is headquartered in Charlotte, NC. The company's
clients represent industries such as banking, insurance,
healthcare, industrial services, construction, retail and
the public sector. Clients include Boeing, Yale University,
Allstate Insurance Company of Canada and GNC Corp. For more
information on Verian Technologies, visit http://www.verian.com.
ProcureIt
is a registered trademark of Verian Technologies, Inc.
