Reynolds Introduces eProcurement System for Clients
Press release from the issuing company
DAYTON, Ohio, Feb. 2, 2001 – The Reynolds and Reynolds Company (NYSE: REY) today introduced ReySource™.com, an Internet solution that provides an additional procurement option to automotive retailers to help manage the purchase of business forms, office supplies, and other products and services in their dealership. ReySource.com is completely integrated with Reynolds’ award-winning direct sales channel, providing a convenient way for dealers to leverage the power of Internet technology to simplify their billing and supply management issues for their customers.
"With ReySource.com, Reynolds has streamlined the procurement process by eliminating the need to deal with multiple vendors for every supply need," said Scott Collins, vice president of Online Solutions, Reynolds’ Information Output Services. "ReySource.com saves time processing purchase requests and orders, and allows the retailer to control each employee’s purchases. This convenience, as well as the ability to set spending limits, approval processes and reporting requirements, helps drive costs out of the procurement process."
According to Larry Heischober, purchasing manager for Hall Auto World in Virginia Beach, Va., "With 20 franchises and 17 locations to serve, our central purchasing office relies on ReySource.com as an easy and efficient way to acquire all of the forms and supplies we need to run our dealerships."
Collins said that by leveraging Reynolds’ existing sales representatives, ReySource.com is clearly designed as a "clicks and mortar" service, rather than a pure-play Internet channel. Not only does this give retailers the assurance that ReySource.com will be there for them in the future, but it also offers the convenience of ordering supplies either through traditional channels or through the 24/7 Web site.
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