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| The procurement hub, www.hospitalitywarehouse.co.za, GOES LIVE! |
Johannesburg - 25 September, 2001 - AXS-One Inc. (AMEX: AXO), a leading provider of e-business solutions, and RCI Southern Africa, South Africa's leading national and international exchange company, launched their procurement portal, Hospitality Warehouse. RCI's Preferred Vendor Programme has now evolved from a simple manual service involving a handful of vendors into a complete e-commerce procurement hub over the last three months. Hospitality Warehouse (HW), the Joint Venture company owned by RCI and its technology partner, AXS-One, is now officially up and running and resorts are now able to access a wider range of suppliers to suit their needs.
The technology solution provided by AXS-One, TransAXS® Procurement, manages the end-to-end procurement cycle. It enables users to purchase directly from electronic shopping catalogues. It also allows the organisation's purchasing function to maintain local catalogues of products and services. The TransAXS Procurement solution maintains full control of the routing of purchase orders for approval and checking against budgets, all involving a full set of complex and flexible business rules.
"Research done by RCI shows that there is huge buying opportunity simply going to waste, because vendors don't know with whom to negotiate, and resorts are sometimes unaware of what is available", commented Geoff Ronaldson, GM of Hospitality Warehouse. "By pooling our needs, the timeshare industry can become a force majeure. Vendors have raised a genuine interest to work with us to find innovative solutions specific to the hospitality industry and to drive unnecessary costs out of the supply chain. HW provides the perfect vehicle to aggregate our demand to secure savings and added value services that have never been offered before."
"Hospitality Warehouse is currently negotiating with over 100 vendors, including some leading names such as Sealy, KIC, Eco-lab, Hychem and Alstrom, to name just a few. Within a few months we are confident that this one-stop commerce site will be the most used purchasing hub, where resorts will be able to find at least 80% of the products and services they use at the best possible prices," continued Ronaldson.
The services portfolio will offer banking services, insurance (short term and employee benefits), and a host of other services, which will eventually be offered to the whole hospitality industry. The partnership with AXS-One will also provide a range of powerful accounting services that include procurement management through to full back office software.
"As an example, refurbishing the two Karos Kruger Share Block lodges has been a new experience with Hospitality Warehouse," added Director, John Brankin. "Hospitality Warehouse provides a one stop shop for most of my needs and whether I purchase in bulk or single I know I am getting the best price and quality, and I can have my orders delivered anywhere I want at no extra cost".
RCI vendors can register on line at http://www.hw.co.za/
Availability
AXS-One Solutions are available now. For further information, please contact Jacqui Copplestone, Marketing Director on tel (011) 802-4998, fax (011) 802-5161, e-mail jcopplestone@axsone.com
For further information on the Hospitality Warehouse please contact Geoff Ronaldson at Hospitality Warehouse on (011) 656-0461, fax (011) 804-1733
About AXS-One, Inc.
AXS-One (AMEX: AXO) is a provider of e-Business financial solutions for global 2000 companies, professional service organisations (PSOs) and financial managers. AXS-One, formerly Computron Software, Inc., has implemented high-volume, scalable and secure business solutions for hundreds of customers across the globe. AXS-One has over 300 employees in offices worldwide, including Asia, Australia, Canada, United Kingdom, United States and South Africa. AXS-One was founded in 1978, and is based in Rutherford, New Jersey. For further information on AXS-One, visit the AXS-One web site at http://www.axs-one.com/ .
"Access Tomorrow today", AXS-One, AXSPoint, e-Cellerator and Tivity, are trademarks of, and TransAXS is a registered trademark of, AXS-One Inc. in the US. All other company and product names are trademarks or registered trademarks of their respective companies.
This press release contains forward-looking statements. Such statements are only predictions and actual events or results may differ materially. All forward-looking statements involve risks and uncertainties, including, without limitation, the risks detailed in the company's documents and reports filed from time to time with the Securities and Exchange Commission.
Contact:
South Africa
Jacqui Copplestone
AXS-One
mailto:(jcopplestone@axsone.com
USA
Bernie Cassidy
AXS-One Inc.
(201) 372-6231
bcassidy@axsone.com
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