elcom.com is the leading global provider of remotely hosted Internet-based electronic procurement ("eProcurement") solutions for businesses. elcom.com develops and offers electronic procurement systems that enable desktop empowerment of business-to-business commerce, linking strategic suppliers and buyers using Internet technology to generate substantial process and other cost savings.

elcom.com offers the most cost-effective remotely hosted eProcurement solution available today. PECOS Internet Procurement Manager (PECOS.ipm), is a "best of breed" solution that is designed to automate your company’s procurement process from product selection through financial settlement, resulting in reduced internal process and cycle costs, increased focus on strategic suppliers and product costs, and increased corporate profitability.

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PECOS.ipm, our remotely hosted automated procurement system, is targeted at businesses and organisations that are seeking to reduce the product and process costs associated with the sourcing and acquisition of non-production goods and services such as office products, personal computers and other customer-specific products which are critical to the day-to-day operation of today’s fast-paced business enterprise.

PECOS.ipm enables self-service purchasing by individual users within a company and provides a full-circle solution, from ordering via electronic catalogues, through approval routing, to delivery and financial settlement. Because PECOS.ipm is remotely hosted, you only require a web browser, e-mail client and an Internet connection.

As the Internet gains more acceptance for on-line purchasing of products and as intranets are used more by companies to disseminate information internally, businesses are seeking to streamline their procurement and purchasing processes to achieve cost savings while increasing productivity.

It is now possible to deploy web-based applications that reach all personnel in the company and connect them to its products and services suppliers. Companies and organizations are looking to employee-facing applications such as PECOS Internet Procurement Manager to provide their personnel with purchasing processes without paperwork. Organizations using elcom.com's PECOS Internet Procurement Manager remotely hosted procurement system can achieve substantial savings through automation of paper-based manual processes, aggregation of purchases, and negotiation with strategic suppliers for larger discounts.

Forrester Research estimates that the business-to-business e-commerce market will grow from £27Billion in 1998 to £0.82 trillion by 2003. Goldman Sachs has estimated eProcurement to reach £0.9 trillion by 2004. In addition, Forrester projects that computer products (including wholesale and retail equipment, software, semiconductors and manufacturing) is the largest and fastest-growing segment, by revenue, in business-to-business e-commerce. On average, companies spend £80 to process a purchase order (Forrester Research figure) through to delivery of product. They can reduce that expense to £8 or less by using PECOS Internet Procurement Manager.

elcom.com's remotely-hosted PECOS Internet Procurement Manager automates the internal processes required to identify and select products, check pricing, gain approvals, place orders electronically, and track orders to fulfilment. By automating these manual processes, PECOS.ipm reduces expenses and streamlines internal costs while giving organisations information critical to effective negotiations with, and subsequent management of, both preferred and strategic suppliers.

For more information about elcom.com and our Automated Procurement Systems, please visit our website at http://www.elcom.com/uk or call us on 01753 442566.