Velosel and Cap Gemini Ernst & Young Nederland B.V. Join Forces to Streamline Consumer Goods Product Information Management
New agreement brings collaborative product information management benefits to manufacturers and retailers
Mountain View, CA / Utrecht, The Netherlands - January 14, 2004 - Velosel(tm) Corporation, the leading provider of collaborative product information management software, has signed an agreement with Cap Gemini Ernst & Young Nederland B.V. (CGE&Y) to deliver tailored Global Data Synchronization (GDS) solutions to consumer goods retailers and manufacturers. The solutions are designed to bring significant positive impact to balance sheet performance, operating revenues and income, as well as cost optimization to customers.
The partnership plays a key role in CGE&Y`s global consumer goods practice strategy, which is to support its customers in achieving the business benefits of applying global standards endorsed by the Global Commerce Initiative (GCI). CGE&Y`s research shows that through GDS, 1-3% of supply chain costs can be saved. The goal of the partnership is to develop joint product and service solutions that enable manufacturers and retailers to reap these cost benefits. The partnership is spearheaded from the Dutch region of CGE&Y and will support activities in the US, UK, France and Germany.
Under the agreement, CGE&Y will provide implementation and consultancy services for Velosel`s collaborative product information management application, Velosel5. Velosel`s software improves value chain efficiencies by eradicating errors in product data and automating the process required to maintain this dynamic information, while improving the productivity of the people and systems that use product information. Manufacturers and retailers use Velosel5 across the US and Europe to build centralized repositories of product information, synchronize product information with their trading partners and establish the foundation for emerging technologies, such as RFID.
Velosel is providing product training to CGE&Y consultants and the two companies are rolling out joint sales and marketing programs. "Product Information Management is now an imperative for most large manufacturers and retailers who are trying to reach their GDS objectives. But it`s a complex process which can fall at the first hurdle if not scoped out fully from the start," said Andrew White, research analyst at Gartner Group. "Working with partners who demonstrate an in-depth knowledge of product information management issues within the consumer goods market will help users achieve the benefits of Global Data Synchronization more quickly."
"Velosel`s industry focus makes it an ideal partner for our consumer goods practice," said Emiel van Schaik, global leader, consumer products and retail sector at CGE&Y. "Our teams have been working together well, and we have already proven success in customer implementations. With this formal agreement in place, we expect to deliver one of the most comprehensive solutions to our customers."
"This partnership combines CGE&Y`s expertise on Global Data Synchronization with Velosel`s deep understanding of Collaborative Product Information Management, giving our customers access to the resources and services they need to eliminate inefficiencies in their value chain," said Les McNeill, Velosel SVP of European business development.
About Velosel
Velosel Corporation is the leading provider of Collaborative Product Information Management solutions for the consumer goods and retail industries. The company`s product, Velosel5, maximizes business performance by streamlining the creation, management and synchronization of accurate and enriched product information within the enterprise and across the value chain. As a result, companies can accelerate time-to-market, reduce costs and improve customer satisfaction by guaranteeing that rich product information is readily accessible at all points of trade. Velosel`s customers include leading companies such as Ace Hardware, Campbell Soup Company, The Clorox Company and Wyeth. Velosel is a Certified and Preferred Solution Partner of UCCnet. Headquartered in Mountain View, California, Velosel can be contacted at (650) 641-8300 or at www.velosel.com.
About Cap Gemini Ernst & Young
The Cap Gemini Ernst & Young Group is one of the world`s largest providers of Consulting, Technology and Outsourcing services. The company helps businesses implement growth strategies and leverage technology. The organization employs approximately 50,000 people worldwide and reported 2002 global revenues of 7.047 billion euros. More information about individual service lines, offices and research is available at www.cgey.com.
Velosel and Velosel5 are trademarks of Velosel Corporation. All other company, product and brand names are trademarks of their respective owners.
CONTACT:
Cynthia Schott
Senior Account Executive
LEWIS P.R. Inc.
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