Contact: Raymond Tsao
Covendis Technologies
(770) 903-9990
www.covendis.com

Covendis Technologies Goes Live with the State of Georgia

Atlanta, GA, February 6, 2008- Covendis Technologies announced that it has gone live with its Vendor Management Service (VMS) with the State of Georgia on July 1, 2007. As the State’s VMS program, Covendis will manage nearly 100 IT staffing agencies for Georgia’s 49 statewide agencies and organizations. Covendis scored the highest in a competitive bidding process among several companies vying for the state-wide contract. Following the implementation, the State of Georgia will save over half on fees charged by the previous VMS supplier.

“We are extremely pleased to have been able to implement this program in under six weeks for the State, despite the requirements to provide tailored workflow and invoicing capabilities for over 2 dozen State agencies” said Covendis CEO Raymond Tsao. “This was made possible by our multi-tenant, multi-landlord Covendis Services Procurement platform which will now provide great savings and process efficiencies for the State of Georgia and its taxpayers.”

By using Covendis, the State of Georgia can choose the best IT staffing candidates to provide services at the best pricing while eliminating paperwork and improving efficiency at each point in the process. The entire services procurement process- e-requisitioning, approvals, competitive bidding, onboarding, time and expense management, consolidated invoicing- can all be conducted online.

State agencies can take advantage of Covendis’s customizable billing features. Contractors can allocate their time and expenses to numerous funding and billing codes, thereby improving the speed and accuracy of the invoicing payment and reconciliation process. Customized reports are also available for managers within the agency to view spending trends.

“Each State agency has its own unique requirements, including workflow, budgets, funding sources, and invoicing.” said Tsao. “Being able to automate and put the entire process online without forcing the agencies to adopt a single process with manual work-arounds is the key to improving quality, speed and savings for the State.”

About Covendis

Since 1999, Covendis Technologies has helped companies buy services quickly and efficiently. Global 2000 companies, managed service providers (MSPs) and online marketplaces use Covendis applications to monitor and control service expenditures.