Provider of Capital Spend Management Solution Generates Significant Cost-Savings
Wellesley, Mass. - November 30, 2009 - THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that VFA, Inc. 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 program was announced in January 2009 as the latest initiative by THINKstrategies to bring attention to SaaS and cloud computing companies that are producing tangible business benefits for specific user organizations. These benefits include increased sales, lower costs, higher customer satisfaction, faster operations and greater profitability.
VFA is a leading provider of end-to-end solutions for facilities capital planning and spend management. Organizations in a wide range of industries rely on VFA solutions to help them optimize their capital spend management process.
One VFA customer, Wellmont Health System, is the premier healthcare provider serving 26 counties across Northeast Tennessee, Southwest Virginia, and Southeast Kentucky. Due to the extensive capital needs across the Wellmont system, the capital planning group lacked a defined process for validating and tracking the spend related to capital projects, as well as the ability to compare budgeted dollars to the actual amount spent. Wellmont adopted VFA's solutions to centralize and continuously update its capital budget and spend database. Wellmont is now able to better plan, execute, and accurately budget for large multi-year projects. End users and administrators now have access to real-time information about the status of their projects. As a result, Wellmont estimates that VFA provides $5.6 million in annual savings and estimated the capital cost savings at over $4 million per year. They also estimate an overall system net revenue turnaround of $20 million since implementing the solution.
"We are pleased to be recognized by THINKstrategies and the SaaS Showplace for the business value of our SaaS solutions," said Jerry Kokos, President and CEO of VFA. "Our 10 years of experience and expertise in delivering SaaS-based software solutions defines VFA as a market leader for Web-based strategic capital planning and spend management solutions."
"It is imperative that organizations have a firm handle on their capital spending and facility costs in today's tough economic environment," 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."VFA's SaaS solutions enable end-users and executives to identify and track their capital expenditures, and monitor their facilities costs on an ongoing basis."
IT/business decision-makers a quick directory of the leading SaaS providers and a convenient source of valuable insight regarding SaaS trends.
SaaS providers a targeted tool to increase their visibility among enterprise decision-makers, and gain access to key enabling technology suppliers.
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 or www.thinksaas.com.
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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 award winners are given special designation on the SaaS Showplace, with a summary of their award-winning solution(s) and customer success story. Award winners are also recognized in the SaaS Showplace newsletter, and are able to promote their award designation on their website and in pre-approved company material.
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.