Answerthink and Paymetric Announce Alliance to Benefit SAP Customers
June 27 2007 - 9:30AM
Business Wire
Answerthink, Inc. (NASDAQ: ANSR), announced today that it has
formed an alliance with Paymetric, Inc. for the distribution of
industry-specific payment card software for organizations running
SAP� applications. Answerthink and Paymetric will serve mid-size
companies by integrating payment card capabilities into
Answerthink�s industry-specific, low-cost, on-time delivery and
implementation of SAP applications. �Paymetric�s solution will
enhance Answerthink�s offerings, which are designed to enable our
customers to reach world-class business performance levels and
realize greater return from their SAP application investments,�
stated Art Colombo, Vice President of Sales for Answerthink.
Answerthink solutions are designed to help small and mid-size
companies maximize the return on their IT investment and process
the full and powerful functionality of SAP applications.
Paymetric�s ability to integrate card transactions into ERP-enabled
business operations will provide a powerful complement to
Answerthink�s comprehensive offerings. �We are pleased to bring to
our customers the combined strengths of our industry-leading
software and Answerthink�s proven expertise in SAP applications,�
said Ken Naumann, Senior Vice President Sales and Marketing for
Paymetric. �As a result of this relationship, organizations will be
able to take greater advantage of the inherent power and controls
and maximize the value of their SAP application implementation.�
Paymetric provides innovative solutions for managing payment card
transactions in enterprise systems, most notably SAP. For the
order-to-cash process, Paymetric provides a card acceptance
solution that enables organizations to improve return on card
acceptance, reduce barriers to compliance and simplify complex
payment processes. For the procure-to-pay process, Paymetric
provides a solution for managing purchasing card transactions in
SAP applications, driving increased efficiencies, improved
visibility into spend and expanded use of purchasing cards.
According to Answerthink SAP Solutions Group Managing Director,
John McGrath, �We�re delighted to be working with Paymetric. As
powerful as SAP applications are, Answerthink knows that software
alone is not enough to transform businesses into world-class
performers. We help our clients generate exceptional value from
their SAP application investment through our unparalleled knowledge
of best practices and our alliances with companies such as
Paymetric.� Answerthink and Paymetric are both award-winning SAP
partners and certified SAP developers. About Answerthink
Answerthink, Inc. (www.answerthink.com) is a leading business and
technology consulting firm that enables companies to achieve
world-class business performance. By leveraging the comprehensive
database of The Hackett Group, Answerthink's business and
technology solutions help clients significantly improve performance
and maximize returns on technology investments. Capabilities
include benchmarking, business transformation, business
applications, business intelligence, and offshore application
development and support. Founded in 1997, Answerthink has offices
throughout the United States and in Europe and Asia. Answerthink
was named the SAP 2006 SME Partner of the Year. About Paymetric
Paymetric, Inc. provides innovative software solutions for
managing, protecting and integrating payment card transactions in
enterprise systems, enabling companies to improve return on card
acceptance, optimize purchasing card programs and reduce barriers
to data security compliance. Paymetric is an Austin Ventures
portfolio company, an award-winning SAP Software Partner and an SAP
Pinnacle award recipient. Visit www.paymetric.com for additional
information. Copyright � 2007 Answerthink, Inc. All rights
reserved. Answerthink as well its respective logo is a trademarks
or registered trademark of Answerthink, Inc. This press release
contains �forward-looking statements'' within the meaning of the
Private Securities Litigation Reform Act of 1995 and involve known
and unknown risks, uncertainties and other factors that may cause
Answerthink's actual results, performance or achievements to be
materially different from the results, performance or achievements
expressed or implied by the forward-looking statements. Factors
that impact such forward-looking statements include, among others,
the ability of the alliance or the products, services, or practices
mentioned in this release to deliver the desired effect, our
ability to effectively integrate acquisitions into our operations,
our ability to attract additional business, our ability to
effectively market and sell our transformation advisory product
offerings and other services, the timing of projects and the
potential for contract cancellations by our customers, changes in
expectations regarding the information technology industry, our
ability to attract and retain skilled employees, possible changes
in collections of accounts receivable, risks of competition, price
and margin trends, changes in general economic conditions and
interest rates as well as other risks detailed in the Company's
Annual Report on Form 10-K for the fiscal year ended December 29,
2006 filed with the Securities and Exchange Commission. We
undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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