BMO ePurchasing Solutions Introduces Procure2Pay

First Seamless, Online Platform to Streamline Purchasing and Payment Process

For Buyers and Sellers - Now Available From One Hosted Source



Apr 30, 2001, 01:00 ET from BMO ePurchasing Solutions

    ORLANDO, Fla., April 30 /PRNewswire/ -- International Purchasing
 Conference and Educational Exhibit - BMO ePurchasing Solutions, a division of
 Bank of Montreal (NYSE:   BMO; TSE), today announced the launch of
 Procure2Pay(TM)1, a Web-based procurement system that allows customized online
 ordering and payments to be executed, reconciled and integrated into the
 buyer's enterprise resource planning (ERP) systems- all on one hosted
 facility.  In addition, the payment infrastructure allows payments to be
 initiated by the supplier or the buyer -- a revolutionary first that
 streamlines the process and speeds settlement.
     BMO ePurchasing Solutions is going beyond current buy-side systems that
 stop at purchase order delivery. Procure2Pay was developed as a key component
 of its one-stop purchasing and payment management platform and enables BMO
 ePurchasing Solutions to offer a seamless platform that completes the process.
 
     Procure2Pay is currently being implemented in pilot in the U.S. and
 Canada, with large corporations such as Deluxe Laboratories and Syncrude
 Canada Ltd.  Users of this platform can benefit from:
 
     *  Faster, easier implementation of catalog-based electronic trading with
        partners;
     *  Integration of purchase order details into ERP systems;
     *  Online management of order shipping and tracking;
     *  A streamlined system that speeds settlements and payments, cutting time
        and costs from the overall procurement process.
 
     "We have positioned ourselves to provide our customers with seamless
 payment and execution not found elsewhere in the marketplace," said Randy
 Ford, Director of BMO ePurchasing Solutions.  "Purchasing managers and their
 suppliers are looking to streamline processes, reduce paperwork, and save time
 and money.
     "This is what the addition of Procure2Pay creates -- a single platform
 that uniquely enables buyers and sellers to reap the full financial benefits
 of online purchasing through one service provider without a heavy upfront
 investment.  Our hosted environment allows us to provide this service at a
 mere fraction of the cost of other software solutions."
     BMO ePurchasing Solutions is one of the top 10 MasterCard purchasing card
 providers in North America and has developed a well-earned reputation for
 superior delivery of its data warehousing, reporting, and ERP integration
 product -- details Online(TM)2.
     BMO ePurchasing Solutions now provides a complete, end-to-end e-purchasing
 platform -- from catalog ordering and enterprise systems integration to
 payment and general ledger posting - something no other single-source provider
 offers.
     Stuart Eustace, Vice President of Finance for Deluxe Laboratories, said,
 "With BMO ePurchasing Solutions, we are able to focus on maintaining our
 position as a world-class service provider to the motion picture industry.
 BMO details Online already enabled us to implement Web-based reporting and
 general ledger integration.  Now, with the addition of Procure2Pay, BMO will
 be providing us with online ordering and payment capabilities, providing
 Deluxe with a truly end-to-end platform."
     Procure2Pay was developed using a key component of the Oracle(R) E-
 Business Suite, Oracle iStore. BMO has selected the eMerge(TM)3 content
 management system from Requisite Technology, Inc. for timely and accurate
 management of Procure2Pay's online catalog.
     "Procure2Pay is built on Oracle's software infrastructure, the most
 comprehensive platform for building, deploying and managing Internet
 applications," said Bill Bergen, President of Oracle Corporation Canada Inc.
 "The solution brings self-service functionality to corporate buyers, provides
 additional low-cost sales channels to sellers and, in turn, creates a
 streamlined process with significant savings and faster delivery of goods."
     "With Procure2Pay, we now offer a complete suite of purchasing products,
 securely placing BMO ePurchasing Solutions at the forefront of moving
 corporate purchasing to the Internet," concluded Ford.  "It allows our
 customers to bring all the basic purchasing functions onto the Web and enables
 a more efficient process that results in real savings for them -- in both time
 and money."
 
     About BMO ePurchasing Solutions and Bank of Montreal:
     BMO ePurchasing Solutions (http://www.bmoeps.com) is a dedicated line of
 business within Bank of Montreal.  Backed by decades of financial and payment
 management expertise, BMO ePurchasing Solutions delivers the power of Internet
 commerce to Fortune 1000 companies from a customized, single-source
 procurement platform.  BMO ePurchasing Solutions preserves clients' existing
 enterprise resource planning investments while enhancing their e-business
 capabilities.
 
     Bank of Montreal, Canada's first bank, is a highly diversified financial
 services institution.  The bank operates more than 30 lines of business within
 its group of companies, including BMO Nesbitt Burns, one of Canada's largest
 full-service investment firms, and Chicago-based Harris Bank, a major U.S.
 mid-west financial services provider. Bank of Montreal maintains offices in
 New York, Chicago and Houston.
 
     TM 1  Trademark of Bank of Montreal
     TM 2  Trademark of Bank of Montreal
     TM 3  eMerge is a trademark of Requisite Technology Inc.
     (R)   Registered trademark of Oracle Corporation
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X37636271
 
 

SOURCE BMO ePurchasing Solutions
    ORLANDO, Fla., April 30 /PRNewswire/ -- International Purchasing
 Conference and Educational Exhibit - BMO ePurchasing Solutions, a division of
 Bank of Montreal (NYSE:   BMO; TSE), today announced the launch of
 Procure2Pay(TM)1, a Web-based procurement system that allows customized online
 ordering and payments to be executed, reconciled and integrated into the
 buyer's enterprise resource planning (ERP) systems- all on one hosted
 facility.  In addition, the payment infrastructure allows payments to be
 initiated by the supplier or the buyer -- a revolutionary first that
 streamlines the process and speeds settlement.
     BMO ePurchasing Solutions is going beyond current buy-side systems that
 stop at purchase order delivery. Procure2Pay was developed as a key component
 of its one-stop purchasing and payment management platform and enables BMO
 ePurchasing Solutions to offer a seamless platform that completes the process.
 
     Procure2Pay is currently being implemented in pilot in the U.S. and
 Canada, with large corporations such as Deluxe Laboratories and Syncrude
 Canada Ltd.  Users of this platform can benefit from:
 
     *  Faster, easier implementation of catalog-based electronic trading with
        partners;
     *  Integration of purchase order details into ERP systems;
     *  Online management of order shipping and tracking;
     *  A streamlined system that speeds settlements and payments, cutting time
        and costs from the overall procurement process.
 
     "We have positioned ourselves to provide our customers with seamless
 payment and execution not found elsewhere in the marketplace," said Randy
 Ford, Director of BMO ePurchasing Solutions.  "Purchasing managers and their
 suppliers are looking to streamline processes, reduce paperwork, and save time
 and money.
     "This is what the addition of Procure2Pay creates -- a single platform
 that uniquely enables buyers and sellers to reap the full financial benefits
 of online purchasing through one service provider without a heavy upfront
 investment.  Our hosted environment allows us to provide this service at a
 mere fraction of the cost of other software solutions."
     BMO ePurchasing Solutions is one of the top 10 MasterCard purchasing card
 providers in North America and has developed a well-earned reputation for
 superior delivery of its data warehousing, reporting, and ERP integration
 product -- details Online(TM)2.
     BMO ePurchasing Solutions now provides a complete, end-to-end e-purchasing
 platform -- from catalog ordering and enterprise systems integration to
 payment and general ledger posting - something no other single-source provider
 offers.
     Stuart Eustace, Vice President of Finance for Deluxe Laboratories, said,
 "With BMO ePurchasing Solutions, we are able to focus on maintaining our
 position as a world-class service provider to the motion picture industry.
 BMO details Online already enabled us to implement Web-based reporting and
 general ledger integration.  Now, with the addition of Procure2Pay, BMO will
 be providing us with online ordering and payment capabilities, providing
 Deluxe with a truly end-to-end platform."
     Procure2Pay was developed using a key component of the Oracle(R) E-
 Business Suite, Oracle iStore. BMO has selected the eMerge(TM)3 content
 management system from Requisite Technology, Inc. for timely and accurate
 management of Procure2Pay's online catalog.
     "Procure2Pay is built on Oracle's software infrastructure, the most
 comprehensive platform for building, deploying and managing Internet
 applications," said Bill Bergen, President of Oracle Corporation Canada Inc.
 "The solution brings self-service functionality to corporate buyers, provides
 additional low-cost sales channels to sellers and, in turn, creates a
 streamlined process with significant savings and faster delivery of goods."
     "With Procure2Pay, we now offer a complete suite of purchasing products,
 securely placing BMO ePurchasing Solutions at the forefront of moving
 corporate purchasing to the Internet," concluded Ford.  "It allows our
 customers to bring all the basic purchasing functions onto the Web and enables
 a more efficient process that results in real savings for them -- in both time
 and money."
 
     About BMO ePurchasing Solutions and Bank of Montreal:
     BMO ePurchasing Solutions (http://www.bmoeps.com) is a dedicated line of
 business within Bank of Montreal.  Backed by decades of financial and payment
 management expertise, BMO ePurchasing Solutions delivers the power of Internet
 commerce to Fortune 1000 companies from a customized, single-source
 procurement platform.  BMO ePurchasing Solutions preserves clients' existing
 enterprise resource planning investments while enhancing their e-business
 capabilities.
 
     Bank of Montreal, Canada's first bank, is a highly diversified financial
 services institution.  The bank operates more than 30 lines of business within
 its group of companies, including BMO Nesbitt Burns, one of Canada's largest
 full-service investment firms, and Chicago-based Harris Bank, a major U.S.
 mid-west financial services provider. Bank of Montreal maintains offices in
 New York, Chicago and Houston.
 
     TM 1  Trademark of Bank of Montreal
     TM 2  Trademark of Bank of Montreal
     TM 3  eMerge is a trademark of Requisite Technology Inc.
     (R)   Registered trademark of Oracle Corporation
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X37636271
 
 SOURCE  BMO ePurchasing Solutions