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ReactorNet Wins BoSS Award

Software-as-a-Service e-Procurement Solution Provider Enables Organizations to Improve Operations and Reduce Costs

Wellesley, Mass. - October 6, 2010 - THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that ReactorNet has been named the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.

The BoSS Awards is an ongoing program which recognizes SaaS companies that are producing tangible business benefits for specific user organizations. These benefits can include increased sales, lower costs, higher customer satisfaction, faster operations and greater profitability.

ReactorNet provides a SaaS-based e-Procurement (E-PRO) platform capable of streamlining the purchase process, ensuring supplier collaboration, delivering paperless A/P and reducing spending across the board.

An example of the business benefits of ReactorNet's E-PRO solution is AMC (American Multi-Cinema) Theatres, the second largest movie theatre chain in North America. AMC has used ReactorNet's platform to reduce its procurement costs and give it a competitive advantage in the marketplace. AMC specifically implemented ReactorNet's Cinema Solutions, an industry-specific e-procurement solution powered by the ReactorNet E-PRO engine. It achieved the following measureable business benefits:

  • Eliminated "maverick" spending by 1-3%
  • Decreased invoice processing cost by 90% compared to manually processed invoices
  • Saved 1% in overbills / duplicate payments
  • Reduction in salaries of $25-50,000
  • Helped to achieve SOX compliance

In addition, AMC has been able to source over 50% of its purchasing processes in ReactorNet's E-PRO solution and move forward with EDI invoicing.

It is for these reasons that ReactorNet has been named a Best of SaaS Showplace Award winner. A summary of the company's winning BoSS Award submission can be found at http://www.saas-showplace.com/awardSummary.php?key=1375.

"We are very pleased to be recognized by the SaaS Showplace for the business value of our solutions," said Anthony Kylitis, VP of Marketing and Co-Founder of ReactorNet. "Additionally, we would also like to recognize our own clients for leading the way in SaaS e-procurement adoption. We continue to work closely with them and their suppliers to create a streamlined procurement and automated accounts payable process generating millions of dollars in annual savings."

"It is essential to more tightly manage corporate expenditures in today's tough economic climate," stated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace. "ReactorNet's SaaS-based e-Procurement solution provides a practical mechanism to reduce costs and gain greater control of the purchasing process."

A list of previous winners of the BoSS Awards can be found at http://www.saas-showplace.com/registerforbossaward.html.

Based on the success of the BoSS Awards program which focuses on SaaS solutions, THINKstrategies has launched the Cloud Computing Business Value (CCBV) Awards program to recognize companies which are delivering Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) solutions producing measurable business benefits for their customers. For more information regarding the CCBV Awards, go to http://www.thinkstrategies.com/cloudcomputingawards.html.

About the Best of SaaS Showplace (BoSS) Awards

The BoSS Award program is an ongoing initiative to identify and promote SaaS, and 'cloud computing', companies which are offering on-demand solutions which are generating measurable business benefits for their customers. BoSS awards nominations are accepted on an ongoing basis, and more than one winner can be awarded in each SaaS Showplace Application, Industry and Enabling Technology Supplier category. For more information or to nominate a BoSS award winner, go to http://www.saas-showplace.com/registerforbossaward.html.

About the SaaS Showplace

Software-as-a-Service (SaaS) Showplace® is a service of THINKstrategies, Inc. This Showplace was established in 2006 to provide the following benefits,

  • Give enterprise decision-makers a quick directory of the leading SaaS providers and a convenient source of valuable insight regarding SaaS trends.
  • Give SaaS providers a targeted tool to increase their visibility among enterprise decision-makers, and gain access to key enabling technology suppliers.
  • Give enabling technology suppliers a specialized platform to increase industry awareness regarding their SaaS solutions.

The SaaS Showplace is now the largest and highest ranked, vendor-independent, online directory and resource center of industry best practices in the SaaS market. For more information, go to www.saas-showplace.com.

About THINKstrategies, Inc.

THINKstrategies, Inc. is the only strategic consulting services company formed specifically to address the unprecedented business challenges facing IT managers, solutions providers and investors today as the technology industry shifts toward a services orientation. THINKstrategies' mission is to help our clients re-THINK their corporate strategies, and refocus their limited resources to achieve their business objectives. THINKstrategies helps enterprise decision-makers with their sourcing strategies, IT solutions providers with their marketing strategies, and VCs with their investment strategies. In addition to the Software-as-a-Service Showplace, THINKstrategies is also the founder of the Managed Services Showplace, a vendor-independent, online directory and information resource center of managed service solutions. For more information regarding THINKstrategies' unique consulting services, visit www.thinkstrategies.com, or contact us at info@thinkstrategies.com.

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ReactorNet Technologies is a premier provider of hosted and managed Software-as-a-Service e-procurement solutions. The company's collaborative and customizable software drives greater productivity, spending control and compliance in customers’ procurement operations, without incurring additional investments in hardware and software. By helping companies control costs, ReactorNet enhances profitability for companies of all sizes in virtually any industry.