Bristlecone Announces Agreement with SAP AG to Provide BPO Services in Support of SAP(R) Solutions

MOUNTAIN VIEW, Calif., April 20 /PRNewswire/ -- Bristlecone, one of the industry's most trusted supply chain business advisors and solution providers, today announced that it has signed an agreement with SAP AG in the area of business process outsourcing (BPO) services. Bristlecone will provide customers with pre-configured analyze-to-pay solutions on a subscription basis, enabling rapid time to value, minimized risk, and flexible financial models. As part of this agreement, Bristlecone's Analyze-to-Pay BPO services are powered by SAP software.

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"Our customers have asked for Bristlecone to provide this flexible services approach," said Bristlecone's Naresh Hingorani, global practice head, Integrated Sourcing and Procurement. "Our clients want to leverage SAP solutions in a 'pay as you go' model without making a capital commitment, while taking advantage of Bristlecone's domain expertise and value-added services in procurement. With this latest agreement, customers can leverage SAP solutions more rapidly without the associated up-front infrastructure investments. We are excited to add subscription-based BPO capabilities to our portfolio of procurement services."

The service offerings enabled by this agreement build on the traditional implementation options that Bristlecone offers for the entire analyze-to-pay spectrum both on a standalone modular and integrated basis. The offerings will benefit large as well as small and medium enterprises that want to leverage best-in-class analyze-to-pay capabilities that fit their business needs without additional capital investment and infrastructure support ramifications.

"SAP has a strong and long record of successful partnership with Bristlecone in the integrated procurement space," said Thorsten Leiduck, head of Outsourcing and On-Demand Go-to-Market Americas + Japan, SAP. "With this agreement, our joint customers can further leverage analyze-to-pay, subscription-based outsourced solutions that will enable increased ROI and lowered TCO."

Bristlecone's Analyze-to-Pay BPO services powered by SAP software are available immediately by contacting Bristlecone at [email protected]

About Bristlecone

Bristlecone, (www.bcone.com) is a leading consulting and systems integration firm focused on helping clients maximize the strategic value of their supply chains. Headquartered in Silicon Valley, CA, Bristlecone helps clients across North America, Europe and the Asia/Pacific regions realize high business impact from improved operations through advisory, systems implementation and managed services. In the area of Integrated Sourcing and Procurement, Bristlecone services address client needs for Data Cleansing, Normalization and Enrichment, Spend and Risk Analysis, Strategic Sourcing, Contract Lifecycle Management, Operational Procurement and Analytics. Bristlecone provides these services via traditional on-premise, hosted, Software as a Service (SaaS) and BPO models. Bristlecone has been continually acknowledged by industry analysts and customers as a leader in solutions for the extended supply chain. Bristlecone clients include globally recognized companies such as Disney, Credit Suisse, Johnson and Johnson, Callaway Golf, Tellabs Inc, Steelcase, Newell Rubbermaid, Georgia Pacific, Wells Fargo, ABB, Applied Materials, BP, Exxon/Mobil, Freescale Semiconductor, HP, LSI, Mahindra & Mahindra, Qatar Petroleum, Petronas, Ranbaxy, Silicon Labs, Sony, Unilever and Whirlpool. For more information please visit www.bcone.com

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SAP Forward-looking Statement

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

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SOURCE Bristlecone