PurchasingNet, Inc. Introduces PNet Optimization Service

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PNet Customers Increase ROI Through New Offering

Red Bank, NJ

October 15, 2007 – Recently, PurchasingNet, Inc. (www.PurchasingNet.com) introduced the PNet Optimization Service for existing PNet eProcurement & ePayables customers. Designed as a complete “tune-up,” the PNet Optimization Service helps companies improve process effectiveness, identify training requirements, increase PNet software utilization, and maximize the ROI achieved through the PNet implementation.

Each PNet Optimization Service engagement includes on-site interviews with key personnel in Purchasing, Accounts Payable, Finance/Accounting, IT, and other functional areas that request products and/or services through PNet. The customer's PNet data is analyzed - in a completely secure environment - to determine opportunities for improvement. The findings are then published in an Executive Summary for each customer.

In a recently completed PNet Optimization engagement, one customer experienced:

• Annual savings of $450,000 from one idea that required no additional investment
• 56 ideas for improvement, 47 of which required no out-of-pocket investment
• Sarbanes-Oxley and Internal Audit compliance

"Certain changes are great indicators that the time is right to 'tune-up' your solution," said John Taggart, Managing Director, Professional Services, PurchasingNet, Inc. "Factors like business process change, growth in the organization, new hires to the P2P process, expansion in rollout or utilization, or management's desire to take advantage of known Best Practices -- all make a strong case for investing in the PNet Optimization Service," Taggart concluded.

For more information regarding the PNet Optimization Service, please contact Frank A. Davis, Jr., Managing Director, Sales & Marketing, PurchasingNet, Inc. at (732) 212-1500, ext 3149 orFrank.Davis@PurchasingNet.com.

About PurchasingNet, Inc.

PurchasingNet, Inc. is a leading provider of Web-based eProcurement and ePayables software to mid- and large-sized companies. The company has over 1,400 customers in Financial Services, Retail/Consumer Products, Professional Services, Media/Publishing and a variety of other industries.

Founded in 1983, PurchasingNet has focused exclusively on the development and implementation of Procurement and Payables applications since inception. In addition to building an extensive, blue-chip client base, PurchasingNet possesses deep domain expertise in Purchasing and Payables business processes. The average length of service at PurchasingNet is 8 years per employee.

PurchasingNet's customers include Countrywide Financial, US Bank, Navy Federal Credit Union, American Financial Group, Liz Claiborne, HBO, EarthLink, Black & Decker, Kroger, and General Mills.

For Details, Contact:

Erinn Tarpey
Marketing Manager

PurchasingNet, Inc.
732-212-1500 x 3173

http://www.purchasingnet.com/PR_10_15_2007.html