Actuate Provides e.Reporting for SingleSourceIT

Actuate Corporation, a leader in e.Reporting for e.Business, announced its e.Reporting solution for delivering business information over the Internet will be deployed by SingleSourceIT, a comprehensive end-to-end solution for Global 2000 organizations to acquire and manage their IT assets.

The SingleSourceIT Web-based IT supply chain and life-cycle management solution will use Actuate to deliver personalized, interactive business information to customers regarding purchase histories, order status, invoicing, asset management reports, inventory analysis and budget tracking, to maintain and manage the life-cycles of IT inventory.

"e.Reporting is a critical solution within B2B Web applications such as electronic bill presentment and client statementing, both of which are used extensively by SingleSourceIT to provide a highly differentiated offering," said Rob Harris, president of SingleSourceIT. "SingleSourceIT is focused on reducing acquisition costs and increasing internal efficiencies for global organizations as well as fundamentally improving the global IT supply chain. We recognize Actuate as a leader in delivering business information from any data source to the Web for use by our customers, partners and employees."

SingleSourceIT's revolutionary offering enables customers to research, acquire, reconcile, maintain and liquidate their IT assets from one, customized online location, providing uninterrupted workflow and automated reconciliation from PO to invoice across all channels within the supply chain. Because SingleSourceIT provides a scaleable, Web-based service, organizations can quickly and easily deploy this world-class IT supply chain management solution and immediately increase efficiencies and reduce administrative costs.

About SingleSourceIT

SingleSourceIT was founded in September 1999 by senior executives from a billion dollar IT product reseller and leader in IT systems integration, who understand the challenges and complexities facing the global IT supply chain. SingleSourceIT delivers the first Web-based solution that specifically addresses the entire IT supply chain for Global 2000 companies.

SingleSourceIT is privately held with blue-chip investors that include toptier venture capital firm Mayfield Fund and McCown DeLeeuw, a leading private equity firm. SingleSourceIT has created significant strategic relationships with such industry leaders as Ingram Micro, Aberdeen Group, Meta Group, IBM, Hewlett Packard, Compaq, Oracle, TIBCO, Intira, Interwoven, e-Time Capital, and Calico.

By leveraging e-commerce, the traditional channel, and best of breed technology, SingleSourceIT has developed a true B2B e-commerce solution that will change the way the global IT industry manages IT workflow infrastructure. SingleSourceIT is headquartered in Columbus, Ohio. For more information, contact SingleSourceIT at 877-930-2300 or www.SingleSourceIT.com.

About Actuate Corporation

Actuate Corporation has established e.Reporting as the practice of publishing high-value business information on a Web site for use by customers, partners and employees. e.Reporting enables a company to enhance its e.Business site -- beyond brochureware and transaction capabilities -- with post-transaction content such as client stock portfolio reports, client statements and performance metrics, for the purpose of creating a more loyal customer base. A critical component of the Internet infrastructure, Actuate powers e.Business sites for Global 2000 companies and Internet start-ups including Bank of America, Charles Schwab, American Express, MCI/Worldcom, US West, HotJobs.com and Healtheon. Internet vendors reselling Actuate include Ariba, Aspect Development, BMC, Clarify, PeopleSoft and Siebel.

Founded in 1993, Actuate has headquarters in South San Francisco, Calif., and has offices worldwide. For more information on Actuate, visit the company's Web site at www.actuate.com.

Contact Actuate Corporation, Kevin Wolf 650-837-2332 kwolf@actuate.com.