PROFITsystems Partners with FurnishNet for 375 Manufacturer Connections
August 18, 2003

Retail software supplier will offer Web-based electronic document exchange to facilitate lower costs, fewer errors, faster delivery, and increased customer satisfaction.

SAN DIEGO, CA -PROFITsystems, a leading retail software supplier headquartered in Colorado Springs, CO, today announced that they have reached a strategic alliance agreement with FurnishNet to make their supply chain connectivity solutions available for PROFITsystems' users. This agreement provides PROFITsystems' customers with FurnishNet's practical, affordable alternative to EDI and rapid connectivity to over 375 manufacturers.

"With so many manufacturer connections, the huge volume of purchase orders already being sent and the rate of growth in PO volume, FurnishNet is clearly the leader in business to business connectivity in the home furnishings industry. With the most manufacturer connections in the industry, FurnishNet is the best way for our retailers to connect electronically with the most vendors in the shortest timeframe possible," said Brian McCarthy, President of PROFITsystems. "We are particularly excited about FurnishNet's Transaction Management services, which includes a unique Internet-based application that allows our retailers to connect with any manufacturer that is EDI-enabled or not," said McCarthy. PROFITsystems has completed the integration work with FurnishNet and will provide this new connectivity feature to their 750 clients in their upcoming Version 10.2 of PROFITwindows, slated for October release.

FurnishNet's solution for Transaction Management speeds the accurate transmission of purchase orders, purchase order acknowledgements, advance ship notices, invoices, and many other transaction types. By integrating e-mail, web applications, electronic data interchange (EDI), and XML, into a unique "Any-to-Any" exchange, FurnishNet is able to translate the information into the appropriate format for the immediate electronic flow of information between business partners of any size, running on any corporate system.

"This partnership with PROFITsystems will greatly benefit their home furnishings retailers who have neither the inclination nor the budget to invest in a complex EDI network," said Ronald B. Sellers, vice president of sales for FurnishNet. "Our Web-based electronic document exchange makes it easy and affordable for any retailer to dramatically lower operating costs, improve their business processes, and heighten the customer experience."

PROFITsystems will also offer FurnishNet's Parts Management, a simple point-and-click Web application that allows retailers to send parts purchase orders directly to the manufacturer's Parts Desk. Employing email alerts for online status notifications and carrier tracking numbers to closely monitor shipments, Parts Management significantly contributes to reduced costs and improved customer satisfaction.

About PROFITsystems
For more than 100 years, PROFITsystems has provided quality solutions to furniture retailers around the world. As the leading manufacturer of retail furniture software in the world, the company is continuing its tradition of quality, trust and reliability into the next century. For more information, visit www.profitsystems.net.

About FurnishNet
With over 425 trading partners and over $1.8 billion in contracted purchase order volume, FurnishNet is a leading provider of Internet-based supply chain solutions for retailers, manufacturers, and suppliers. FurnishNet's solutions for Parts Management and Transaction Management provide a cost-effective alternative to EDI, and help trading partners to streamline communications, reduce errors, and save hard costs. For more information, visit www.furnishnet.com.