Message-ID: <10979842.1075860035016.JavaMail.evans@thyme> Date: Thu, 30 Nov 2000 09:30:00 -0800 (PST) From: ted.bockius@ivita.com To: mark.taylor@enron.com Subject: Glowing Report on iVita on AMR Research's Homepage Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Ted Bockius X-To: "'mark.taylor@enron.com'" X-cc: X-bcc: X-Folder: \Mark_Taylor _Dec_2000\Notes Folders\Notes inbox X-Origin: Taylor-M X-FileName: mtaylor.nsf Here is another one. http://www.amrresearch.com/BreakingNews/default.asp?i=689 Do You Know Where Your Assets Are? iVita Does Thursday, November 30, 2000 iVita arrives on the e-business scene with a unique value proposition. It provides enterprises with a mechanism to track, value, and allocate assets with the goal of optimizing asset utilization, increasing cash flow, and improving financial controls. The iVita Web-hosted system provides a repository for information on the status of physical assets, the market value of the assets, and the financial implications, including tax treatment, of the different uses of the assets. In essence, it provides business intelligence for asset management. iVita is currently working with several enterprise customers as well as the Pantellos and NetworkOil exchanges, but it will be sometime next year before we see the results of the first pilots. The iVita approach to asset management is different from the typical Enterprise Asset Management (EAM) approach. Most EAM implementations deal with the procurement and maintenance of plant assets. As long as the asset is performing the task it was procured for, the EAM application will track it and manage its maintenance. However, if the asset becomes idle, it quickly disappears off the EAM screen. Yet, from a financial perspective the asset is still on the books. Maybe it can be deployed in another plant or facility. Maybe it can be sold as surplus through an online exchange. Maybe it should be scrapped for tax purposes. In most organizations, these questions go unanswered for long periods of time because the asset is no longer visible. iVita provides that visibility over the Internet so that financial departments can make timely decisions for asset deployment or disposal. Some, if not all, of the functionality iVita provides can be created as part of an EAM implementation using applications from vendors such as Indus International and Mincom. However, a complete EAM implementation, with financial integration, will consume considerable time and company resources. It may also take years to implement. And at the end of the project enterprise-wide asset visibility may not be available because the data is locked up in plant-specific implementations. By focusing on a specific problem--asset visibility from a financial perspective--and providing the visibility as a Web-hosted service, iVita has reduced implementation time to weeks and reduced the time it takes to get a Return on Investment (ROI). The approach will appeal to users tired of long implementation cycles with difficult-to-measure ROIs.--Leif Eriksen -----Original Message----- From: Ted Bockius Sent: Thursday, November 30, 2000 5:08 PM To: 'teresat@mwa-sf.com'; shallahanglen@mwa-sf.com; dsherk@mwa-sf.com; ckatis@mwa-sf.com; anoe@mwa-sf.com; adyer@mwa-sf.com; hsteele@mwa-sf.com Subject: FW: Forrester Research's "iVita Adds Traction To Pantellos" brief This is an absolutely glowing analyst report. I'm going to arrange to have it put on our Web site and to have hard copies made. Like financial analyst research, we're not supposed to distribute this. Please call me if their is someone you would like to send this to. Ted Bockius Manager of External Relations iVita Corporation ted.bockius@ivita.com (832) 590-7421 phone (832) 746-4561 cell -----Original Message----- From: David Kobierowski [mailto:dkobierowski@forrester.com] Sent: Thursday, November 30, 2000 4:49 PM To: ted.bockius@ivita.com Cc: Kathryn McCarthy Subject: Forrester Research's "iVita Adds Traction To Pantellos" brief Ted, Here is Forrester Research's "iVita Adds Traction To Pantellos" brief, in pdf. (See attached file: iVita Adds Traction To Pantellos-nov.pdf) David Kobierowski Sr. Account Manager Forrester Research, Inc. 100 Congress Ave., Suite 2100 Austin, TX 78701 DKobierowski@Forrester.com Phone: 877-574-2822 Fax: 617/613-5200