PayStream Advisors Set to Release Analyst Report Covering Electronic Procurement/ Contract Management
Over the years, learning from early mistakes, organizations have taken a more pragmatic approach to e-procurement and are now reaping the numerous benefits of automation.

Charlotte, NC – May 31, 2006– PayStream Advisors, a financial automation research and advisory firm, expects to release its Electronic Procurement/Contract Management Buyer’s Guide in August, 2006.  The much anticipated Buyer’s Guide demonstrates how E-procurement has experienced an interesting lifecycle, from hype to horror and finally to acceptance. During the tech boom of the late 1990’s, driven by the maturation of Internet technologies and the astronomical growth in the use of the Web to conduct business, every organization had “electronification” on its corporate radar. And e-procurement was one of the technologies under the spotlight. A plethora of e-procurement solutions cropped up in the marketplace and companies were rushing to implement these solutions in the hope of achieving huge cost savings and improving trading partner relationships. 

Unfortunately, the benefits did not materialize as expected. The biggest lesson organizations learned from this experience was that merely implementing an e-procurement solution is not enough.  A successful e-procurement program requires the redesign of the procurement process; melding automation with internal organizational change. Over the years, learning from early mistakes, organizations have taken a more pragmatic approach to e-procurement and are now reaping the numerous benefits of automation.

PayStream Advisors is preparing a vendor analysis report and buyers guide for Fortune 1000 Accounts Payables and Procurement professionals who are seeking information regarding e-Procurement solutions. The report is targeted toward individuals who require detailed vendor and product information in order to identify and select an appropriate solution that meets the diverse needs of their organization. Beginning with an introduction to the benefits of automation and the emerging trends in the e-Procurement marketplace, it describes the major players in this space and highlights the innovative programs that they offer. The report concludes with analytical insights that will help the reader compare and contrast across all of the vendors and solutions.

About PayStream Advisors, Inc.

PayStream Advisors is a team of dedicated analysts and consultants working to bring fresh insights to our clients' operations and improvement needs. Our team members bring a wealth of experience from banking, accounts payable, receivables, technology consulting and other disciplines.

We're in the ideas business. PayStream Advisors offers a variety of research products and advisory services to help your company get started with improving its financial operations. We recognize that companies are in different phases with regard to their process improvement strategies. This is why we offer solutions that benefit companies at all stages of improvement.  For more information, visit paystreamadvisors.com.