ST. PAUL, Minn., Nov 18, 2010 — Lawson Software (Nasdaq: LWSN) today announced the release of Lawson M3 Supplier Portal, a new web-based application that helps fashion companies collaborate better with their suppliers when purchasing goods. Lawson M3 Supplier Portal was designed to provide rapid deployment, simpler use and rapid return on investment.
Lawson M3 Supplier Portal was created for fashion sourcing companies as well as fashion manufacturers. It offers online access to key information, including order tracking and delivery data. It helps improve collaboration between a fashion company and its suppliers, because both sides of a transaction can view and update the same data. This functionality helps eliminate time lags, duplicate work and the risk of errors. The system also helps reduce manual activities and streamline processes by creating automatic confirmation of order quantities, dates and prices. In addition, it can create delivery notes, which also helps to reduce manual processes such as faxing, emailing and managing multiple spreadsheets.
The new solution has been designed with Lawson’s ‘simpler is better’ concept in mind, so it contains the key functionality that supplying companies need, managed through an intuitive user interface. And, since it is delivered via the Web, it does not require on-site installation.
Lawson M3 Supplier Portal offers a cost effective alternative to other electronic data interchange (EDI) offerings. Lawson Supplier Portal can be deployed in a matter of days for a fashion company – and individual suppliers can be brought online with relative ease at a low cost. This also helps keep costs down for smaller suppliers using the system, as opposed to other options such as EDI, which may be cost prohibitive. Since many fashion companies use a large number of suppliers, Lawson Supplier Portal can help improve efficiency by promoting greater collaboration between the fashion company and its network of suppliers.
“Lawson Supplier Portal offers exciting new possibilities for meaningful improvements in efficiency and data accuracy,” said Frédéric Champalbert, general manager, Fashion, for Lawson. “Supplier Portal works directly with our full Lawson for Fashion business software system, helping to reduce the cost of deployment and long-term cost of ownership.”
Lawson is offering this new solution as a module with a cost-per-user license and no additional charge for individual transactions. This means customers using Lawson M3 Supplier Portal do not need to budget for additional cost if their order volumes increase, which may be the case with some other collaborative systems on the market.
About Lawson Software
Lawson Software provides software and service solutions to 4,500 customers in equipment service management and rental, fashion, food & beverage, healthcare, manufacturing & distribution, public sector (United States), service industries, and strategic human capital management across 40 countries. Lawson Software is a global provider of enterprise software, services and support to customers primarily in three sectors: services, trade and manufacturing/distribution. Lawson’s solutions include Enterprise Performance Management, Human Capital Management, Supply Chain Management, Enterprise Resource Planning, Customer Relationship Management, Manufacturing Resource Planning, Enterprise Asset Management and industry-tailored applications. Lawson solutions assist customers in simplifying their businesses or organizations by helping them streamline processes, reduce costs and enhance business or operational performance. Lawson is headquartered in St. Paul, Minn., and has offices around the world. Visit Lawson online at www.lawson.com. For Lawson’s listing on the First North exchange in Sweden, Remium AB is acting as the Certified Adviser.
This press release contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company is not obligated to update forward-looking statements based on circumstances or events that occur in the future. Risks and uncertainties that may cause such differences include but are not limited to: uncertainties in uncertainties in the software industry; uncertainties as to when and whether the conditions for the recognition of deferred revenue will be satisfied; increased competition; general economic conditions; the impact of foreign currency exchange rate fluctuations; continuation of the global credit crisis; global military conflicts; terrorist attacks; pandemics, and any future events in response to these developments; changes in conditions in the company’s targeted industries and other risk factors listed in the company’s most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K filed with the Securities and Exchange Commission. Lawson assumes no obligation to update any forward-looking information contained in this press release.