Press Release

February 6, 2002

OpenAir Launches Purchase Orders Module within PSA Solution

Boston, MA (February 6, 2002) — OpenAir, provider of the complete Web-native professional services automation (PSA) solution, today announced the launch of Purchases, a new purchase order module that automatically handles businesses’ purchase requests, purchase orders, purchase fulfillment, and purchase re-billing processes.

Purchases is a critical tool for companies seeking to optimize the purchase of all the products and services that keep an organization running and to reign in expenses.

Purchases is completely integrated with the rest of the OpenAir Complete PSA solution providing a single system for project-based organizations to manage projects, resources, finances, and knowledge.

"Automating purchase orders is critical for effective expense and operations management," explained OpenAir CEO Morris Panner. "It simply doesn’t make sense to have to rely on the accounting system to manage purchase orders that are directly related to client projects. Our customers can now create purchase orders from anywhere, route them for approval, send them for fulfillment, allocate them to projects and clients for financial analysis, and bill them to clients directly or integrate them into their accounting system."

Today’s launch also introduced several enhancements to the OpenAir project accounting capability, such as advanced cost and revenue recognition functionality, and fixed, project-based billing. With today’s enhancements, OpenAir has taken a step ahead of competitive PSA solutions in analyzing and managing all project-related finances and controlling costs.

About OpenAir
OpenAir is the Web-native professional services automation solution that helps organizations improve operational efficiencies and gain insights into key management metrics. OpenAir customers increase profits by capturing additional billable hours, increasing employee utilization, streamlining project management, accelerating revenue, enhancing collaboration, improving revenue recognition and project accounting, and sharing knowledge and best practices throughout the organization. OpenAir has helped professionals in over 600 companies across six continents increase profits through its subscription-based solution. For additional information, visit www.openair.com.

Contact
Jeff Hunt
OpenAir
Phone: 617-351-0236
jeffhunt@openair.com