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ePlus Systems Announces New Procurement Paradigm With Procure+ 7 Solution

HERNDON, Va., April 26, 2011 (GLOBE NEWSWIRE) -- ePlus inc. (Nasdaq:PLUS), a leading provider of technology solutions, announced that its wholly owned subsidiary, ePlus Systems, inc., has unveiled a new version of its eProcurement solution, Procure+ 7.
/ Source: GlobeNewswire

HERNDON, Va., April 26, 2011 (GLOBE NEWSWIRE) -- ePlus inc. (Nasdaq:PLUS), a leading provider of technology solutions, announced that its wholly owned subsidiary, ePlus Systems, inc., has unveiled a new version of its eProcurement solution, Procure+ 7.

Incorporating a completely redesigned graphical user interface and navigation, Procure+ 7 launches a new paradigm in procurement intelligence, providing users of the application with the information they need to facilitate better decision making at every step in the procurement process.

For example, a procurement intelligence dashboard can be customized by user type, so requisitioners have direct access to a dashboard with the information they need, which can include a complete analysis of activity and purchase history.

Tactical buyers, tasked with day-to-day ordering, have access to customized dashboards that can show all of their current purchasing activities, including open orders, overdue orders, open invoices, non-matched invoices, open requisitions and requests for quotes, and other available information customized to their role or corporate requirements.

For strategic buyers, who lead the process of sourcing and contract negotiations, other dashboards and analytics are available, such as supplier performance measurement, spend by commodity, and other metrics that are normally found outside of the mainstream eProcurement solution, such as add-on spend analysis software.

In addition, pop-up windows, more sophisticated searching techniques, and a complete ad-hoc business intelligence (BI) technology also help to deliver required information for all user types, when and where it's needed.

"This new version has been enhanced considerably," said Ken Farber, president of ePlus Systems and Content Services. "We have deployed advanced business intelligence technology and tools right into the application. As a result, Procure+ 7 is able to utilize current and historical data and provide analytics to users when and where they need it, including at the point of making a buying decision. In addition, the dashboards and other components support the full range of users, from the casual shopper or tactical buyer to the strategic sourcing professional."

"We've been using ePlus' Procure+ for over eight years, and what's kept us as a loyal customer is that the system's functionality and usability has grown with us," said William (Bill) Portuese, senior director of procurement for UGL Services.  "This latest version is a great example of the value ePlus brings to our company. I see great benefits to us from my preview, including procurement intelligence and functional enhancements. My procurement team and I, as well as the requisitioners we support, will benefit from this intuitive, simple-to-use product that will produce the right level of information when we need it. This release will take us to the next level of procurement to make the best sourcing and buying decisions possible."

"The business intelligence technology is integrated into Procure+ 7 as part of the application," Farber continued.  "We believe all our customers can use procurement intelligence to reduce costs, make better purchasing decisions, and improve human productivity."

Procure+ 7 was showcased to existing customers at the ePlus Customer Conference, March 9-11, 2011 in Orlando, Florida and will be shown at other events in the next several weeks.

About UGL Services

UGL Services is a division of UGL Limited that provides outsourcing services to property users worldwide.  The business has an end-to-end model that includes corporate real-estate advisory, integrated facilities management, and project management services.  The comprehensive service platform enables UGL Services customers to delegate key facilities and real estate functions to a single entity to realize operational and strategic benefits.  For further information about UGL Services in North America, call 888-751-9100 or visit

About ePlus Systems, inc.

ePlus Systems, inc., a wholly owned subsidiary of ePlus inc., delivers Enterprise Cost Management solutions and services to help public sector clients and commercial organizations across all industries get the most value from their spend.  Its diversified portfolio of solutions includes eProcurement, supplier enablement, catalog content management, spend analytics, document management, and asset management.  These solutions help drive cost savings, improve compliance, and enhance productivity throughout the organization.  ePlus solutions are offered as hosted Software as a Service (SaaS) and traditional enterprise licenses.

About ePlus inc.

ePlus is a leading provider of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, professional services, flexible lease financing, proprietary software, and patented business methods. Founded in 1990, ePlus has more than 725 associates in 20+ locations serving federal, state, municipal, and commercial customers. The Company is headquartered in Herndon, VA.   For more information, visit, call 888-482-1122, or email  

ePlus®, Procure+®, Enterprise Cost Management®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies and products mentioned herein may be the trademarks of their respective owners. 

Statements in this press release that are not historical facts may be deemed to be "forward-looking statements." Actual and anticipated future results may vary materially due to certain risks and uncertainties, including, without limitation, possible adverse effects resulting from the recent financial crisis in the credit markets and general slowdown of the U.S. economy such as our current and potential customers delaying or reducing technology purchases, increasing credit risk associated with our customers and vendors, reduction of vendor incentive programs, the possibility of additional goodwill impairment charges, and restrictions on our access to capital necessary to fund our operations; the demand for and acceptance of, our products and services; our ability to adapt our services to meet changes in market developments; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to hire and retain sufficient personnel; our ability to protect our intellectual property; our ability to consummate and integrate acquisitions; our ability to raise capital and obtain non-recourse financing for our transactions; our ability to reserve adequately for credit losses; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this press release is current as of the date of this release and ePlus undertakes no duty or obligation to update this information.

CONTACT: Kleyton Parkhurst, SVP ePlus inc. 703-984-8150