Fortune 100 Company Unlocks Savings Potential of e-Procurement System

SAN JOSE, Calif., September 20, 2004 - SAQQARA® Inc., an innovative provider of commerce data management solutions, announced that Honeywell International has implemented SAQQARA Commerce Data Management for e-Procurement™ as part of its enterprise catalog management strategy. Honeywell, the world's leading supplier to the aerospace industry, has chosen SAQQARA to manage creation, hosting and maintenance of supplier data within Honeywell's Oracle e-Procurement system.

Managing accurate supplier data is one of the primary challenges that large corporations face when attempting to achieve savings from their e-Procurement systems. To minimize the need for in-house resources, Honeywell chose SAQQARA's managed service. Now, with 50 suppliers already on board, SAQQARA manages Honeywell's entire supplier catalog management process for indirect spending including supplier engagement, content aggregation, content transformation, cleansing, classification, and hosting for use through Honeywell's e-Procurement system. "We are quite satisfied with our relationship with SAQQARA and continue to experience a quick response from SAQQARA for our needs," said Rosemary Ganley, director of corporate/global business services, supply management at Honeywell.

SAQQARA CDM for e-Procurement controls the on boarding of Honeywell's preferred suppliers. With SAQQARA's managed service, supplier information remains accurate, ensuring that requisitioners use Honeywell's e-Procurement system. By gathering the data to fully automate the procure-to-pay process, Honeywell retains the company's savings. Through exception and end-to-end supplier management processes, Honeywell can review and approve content changes and never lose control over what is requisitioned.

"Honeywell exemplifies the impact that commerce data has on total spend," said Keith Scott chief executive officer of SAQQARA. "By gaining total control over how supplier data is handled, the company is realizing the promise of its ROI objectives."

About SAQQARA Inc.
SAQQARA provides managed services that transform potential savings into actual savings by eliminating the barriers to optimized enterprise spend management. Only SAQQARA offers fully automated end-to-end fusion between data and business policies to create and maintain transactionable, intelligent, dynamic commerce data. More than 80 customers worldwide rely on SAQQARA including global enterprises such as Alcoa, America West, Cooper Industries, and Honeywell. SAQQARA is a privately held corporation with headquarters in San Jose, California. For further information about the company and its products, visit http://www.saqqara.com or call 408-325-8200 or toll free 877-964-0100.

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