FOR IMMEDIATE RELEASE
CONTACT: Jennifer Kleinhenz

Jennifer.kleinhenz@cvmsolutions.com

Thursday, February 1, 2007

PRESS RELEASE

The Women’s Business Enterprise National Council (WBENC) announced today that it has contracted with CVM Solutions to redesign its internet database, WBENCLink.  The portal will be redesigned and reengineered for greater functionality, and will provide more user information.

CVM Solutions, based in Oakbrook Terrace, Illinois, is also the preferred online procurement services provider for many of WBENC’s corporate member companies. Launching on April 1, 2007, the new WBENClink will offer far more than in the past.  A B2B–sourcing tool, WBENClink will deliver advanced database searches, downloadable certificates and more. Other enhancements will include faster and more comprehensive reports and opportunities to “scrub” an outside database against the information.  With many automated features, new and recertifying WBEs will have a streamlined certification process.  Heightened security measures will also be appreciated by every user.

“We believe that WBENC’s members – both WBE and corporate – will find the enhanced functions and scope of services provided through the new WBENClink site valuable—it will become an indispensable tool for  supplier diversity and procurement professionals ,” said Denny.  “The technology provided by CVM, married with our content, will yield better results for all of our constituents.”

"While we continue to focus on providing our members with face-to-face matchmaking and networking opportunities such as the annual Women In Business Conference, we also recognize the increasing demand among women business owners and corporations for more high-tech products and services," said Kate Chrisman, WBENC’s spokesperson.  "Our philosophy in our second decade is to deliver the high-tech, while promoting the high-touch aspects of WBENC."

About CVM Solutions

Headquartered in Chicago, IL and founded in 2002, CVM Solutions Inc has emerged as the fastest growing provider of Supplier, Spend & Contract Management solutions to the leading supply chains of the world- currently serving an impressive client roster containing over 250 of the Fortune 500. Leveraging their most extensive and accurate Supplier Database consisting of critical supplier intelligence, a best-in-class technology platform and Supplier Risk & Financial Qualification Services, CVM currently helps its clients Understand their Suppliers & Spend, Reduce Spend, Increase/Protect Revenue and Manage Risk in their supply chains. Our solutions include: Supplier Data Classification & Enrichment, Supplier Registration & Data Management Portal, Supplier Qualification, Supplier Scorecarding, Spend Reporting, Second Tier Diversity Reporting, and Contract Management - available in both an On-Demand (ASP) model and in a traditional licensed model. For more information, or a no risk analysis, please visit the company's web site at http://www.cvmsolutions.com.

 

About the Women’s Business Enterprise National Council (WBENC)

 

·          Founded in 1997, the Women’s Business Enterprise National Council (WBENC) is the nation’s leading third-party certifier of businesses owned and operated by women, and the leading advocate of women’s business enterprises (WBEs) as suppliers to corporate America.

·          The average WBENC certified company has revenues of $7.5M, 49 employees and 14 years of experience.

·          238 US corporations are active members of WBENC and representatives of 36 corporations sit on the WBENC Board of Directors, along with nine representatives of its partner organizations and nine Women’s Business Enterprises.

·          WBENC certification is accepted by more than 700 corporations, representing America’s most prestigious brands, as well as government entities at the state, local and Federal levels.

·          WEBuy@wbenc.org is an online marketplace where corporations and government agencies, as well as WBEs, post RFPs, sources sought, and RFIs.

·          WBENC is a 501(c) (3) nonprofit organization that seeks and accepts donations from corporations, foundations and individuals that support its mission and priorities.

###