COVENDIS NEWS AND ANNOUNCEMENTS

Covendis is pleased to announce another installation of its services procurement system.

Today we went live with a global utilities services provider to help them automate and manage their North American IT workforce. The system will manage all time and materials based workers from source to pay. The Covendis system will deliver significant operational benefits such as invoice rationalization & automation, streamlined time and expense management and greater visibility to their spend profile.

Covendis is pleased to announce another installation of our services procurement system.

This time we are helping a global retailer automate the procurement and management of their light industrial workforce. The program will cover 100's of workers by using our vendor-neutral Source-to-Pay system. The company has locations across Europe and North America. Our ability to handle hundreds of currencies, complicated sales tax, their expertise and vendor neutrality was a major deciding factor in choosing Covendis.

The Covendis team will be at the annual VMSA Live conference from February 8 through 11. John Clark our Chief Growth Officer will be presenting our leading Vendor Management System for milestone and deliverable based services procurement in the Tech Pavillion.

Wayne Burgess will be co-presenting with Michael Matherly on SOW Hot Topics.

We are looking forward to discussing the top issues in the industry and helping organizations by providing expertise they can use in their day to day jobs.