Oracle and iPrint Collaborate to Provide Integrated E-Printing Solution to E-Business Suite
Press release from the issuing company
(Redwood Shores, CA - March 5, 2001) - Oracle Corporation (NASDAQ: ORCL), the world's second largest independent software company, and iPrint Enterprise Systems Group, an operating division of iPrint, inc. (NASDAQ: IPRT), today announced a technology partnership making iPrint e-printing services available to all of Oracle's iProcurement customers.
"We are pleased that the partnership with iPrint allows all Oracle iProcurement customers to seamlessly 'punch out' to iPrint," said Kevin Miller, Vice President, Internet Procurement & Exchange Development, Oracle Corporation. "Customers can streamline the print workflow, centralize control and accountability, and cut costs with iProcurement while having easy access to iPrint's secure, customized print center available 24/7."
"We are obviously excited by not only the technical innovation here, but the wide-sweeping business opportunity to introduce one of the largest corporate audiences to the power of e-printing," said Royal P. Farros, Chairman and CEO of iPrint. "For those corporations running Oracle, these benefits are easy, immediate, and significant."
iPrint will work side-by-side with Oracle to launch iPrint's e-printing service into Oracle's installed base of corporate customers. iPrint is the first company to integrate a collaborative service application into Oracle's iProcurement facility.
"We know that Oracle is keenly interested in driving better and better IT ROI performance to their enterprise customers," stated Farros. "Our solutions are designed from the ground up to do just this. We work seamlessly and easily within a corporation's existing infrastructure and deliver functionality that's sorely missing today."
iPrint's Corporate e-Print Center is designed for companies that want to streamline the process for personalizing, ordering, and printing corporate stationery and commercial printing. The e-Print Center, which is accessed via a link from the companies' Intranets, is completely customized for each organization. The system also enables distributed ordering for corporations with offices in multiple locations.
"Our first iProcurement installation was for Oracle itself," concluded Farros. "Oracle saved $1 billion last year using its own e-business suite and wants to save $2 billion this year. Printing is still one of the largest areas of corporate expenditure and we're excited to help Oracle achieve this noteworthy goal."
Using Oracle's secure, password-protected Internet Procurement (iProcurement) application, corporate employees can order branded, custom-printed materials directly from their computers by punching out to iPrint's e-Print Center, and then returning to iProcurement to complete the purchase requisition. The requisition is then submitted for spending approval utilizing Oracle's workflow engine. The approach simplifies the ordering process for both the buyer and the supplier, bringing efficiencies and cost savings. Corporate logos and taglines are locked into templates to ensure consistency.
In addition, iPrint offers specialized commercial printing services through its e-Print Center, such as facilitating the printing of brochures, bound documentation, promotional and apparel items, and direct mail and fulfillment services. Printing is done through iPrint's extensive network of commercial printing partners or via existing vendor relationships.
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