Deferred Payment Plan Shows Concern in Tough Retail Market
(ISELIN, NJ, APRIL 17, 2009) ecVision, an award‐winning provider of product lifecycle and supply chain software solutions, announced today that it is responding to the tough economic conditions affecting private label and consumer goods retailers by offering non‐conventional financing options for software licenses, hosting services, maintenance and support for its product, XpressCommerce®.
Thomas Ng, CEO for ecVision, said that this offer is an excellent advantage for retailers and brand owners “to help get them started and move forward with leading‐edge technology that can streamline business processes that affect the bottom line.”
As a form of “economic stimulus” to retail organizations that are particularly hard hit right now, ecVision is following industry‐leaders by offering a special financing program for retail organizations in need of a sourcing and supply chain management software solution. New customers can obtain a 0% financing package that will defer payments for software licenses for up to three years and extend maintenance and support payments. To ensure cost‐savings aren’t just limited to the license fees alone, ecVision is also offering plans to reduce capital expenses while still providing the valuable software upgrades, maintenance and support through an alternate billing program.
On‐Demand services are also offered at special rates to provide XpressCommerce in a managed hosting environment as a strategic way to implement and the solution with little investment in hardware or labor. Industry statistics show that On‐Demand implementations in the supply chain arena are a decisive option because they achieve ROI quickly through rapid adoption while minimizing IT expenses and overhead.
The fully‐integrated, web‐based suite of functionality found in XpressCommerce engages the entire supply chain by creating a direct, efficient connection between product development, procurement and suppliers to support better cost management throughout the entire product lifecycle process. The result is a shortening of the design process allowing companies to release new products more quickly and cost‐effectively, ultimately improving the top and bottom lines simultaneously to achieve a competitive advantage. Additionally, procurement and supplier collaboration in later product lifecycle stages make it possible to continue to reduce production costs, explore part reuse, maintain competitive advantage and extend the economic product lifecycle.
For 10 years, ecVision has helped retailers and private label brand owners more effectively manage their supply chain and reduce logistics costs by an average of 20 percent. ecVision XpressCommerce is a web‐based solution that connects retailers to their supplier network and delivers the key functions of product lifecycle management (PLM) and supply chain execution (SCE) systems in a single solution. Industry‐leading companies‐‐ including Phillips‐Van Heusen, New Balance, JCPenney, Abercrombie & Fitch, BonTon, Timberland and others‐‐ use ecVision’s award‐winning software to transform their supply network collaboration and visibility.