JULY 25, 2003 | The Pantellos Principle brings you news and infomation from the Pantellos Marketplace.


Totals to Date:

Customer Reported Savings Approx. $220 million

Marketplace Spend
Approx. $507 million

Auction Spend
Approx. $1.1 billion

Total Spend through Pantellos
Approx. $1.6 billion



Available in 25 different categories, these "off-the-shelf" existing agreements offer instant access to pricing discounts and value-added services. Below are the most popular existing agreements based on adoption rates, proven success and ease of adoption:

  • Wireless telecom services


  • Office Supplies and equipment


  • IT hardware and software


  • MRO maverick spend pack

Read on...

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Everyone Wins in First-Ever Collaboration Between Utility and Wireless Telecom Industries
Verizon Wireless Forges New Customer Relationships; Provides Substantial Discounts
A Pantellos-negotiated agreement between Verizon Wireless and 14 utilities represents a perfect example of the buyer and supplier benefits of collaboration. The agreement brings Verizon significant new business while offering participating utilities...
Read on...
 
FirstEnergy and Cinergy Choose Pantellos eSettlement Network

ROI From Lower A/P Costs and Early Payment Discounts Drives Interest in Payables Automation
Cinergy Corp. and FirstEnergy Corp., have selected the Pantellos eSettlement Network, an electronic payables system, to further automate their procure-to-pay processes. These utilities chose the solution to lower... Read on...

  • eSettlement Solutions Can Save Millions: Xign Study Reveals Rapid ROI
    Xign Corporation, whose ePayables solution forms the backbone of the Pantellos eSettlement Network, recently announced the results of a two-year study on the benefits of an electronic...Read on...
Pantellos Launches Computer-Based Training for Suppliers
More than 3,100 individuals from supplier companies have used Pantellos RFx Management to participate in bid events. For these busy professionals, Pantellos is introducing...Read on...

Pantellos Realizes Cash-Flow Positive Position
B2B Marketplace Posts Second Consecutive EBITDA-Positive Quarter
Pantellos has completed its second consecutive quarter with positive earnings, excluding interest, taxes, depreciation and amortization (EBITDA). It further announced that it has exceeded its cash-flow expectations and finished June in a cash-flow positive position. ...Read on...


 




Notes from the Road:


Jim Neikirk Shares Key Learnings Gathered in Recent Customer Visits

Steve Newland and I have met with the supply chain leaders at about 20 utilities over the past three months, and we’re not through yet. We have begun what will be a never-ending mission to understand your concerns and challenges and then match our capabilities with your needs to help you to solve business problems.

Here’s what we’ve learned so far about the critical issues facing utility supply chain organizations and how these organizations are responding to the challenges ...  Read on...



Pantellos Appoints New Board Members
Pantellos has announced the appointment of three new members to its Board of Directors: Margot Kyd of Sempra Energy Utilities, Jacki Lowe of Southern Company and Brad Tobin of FirstEnergy Service Company... Read on...

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