Industrial Service Provider Contracts with Top Expense Management Firm
March 29, 2005
Cincinnati, OH – March 29, 2005 – PSC Industrial Services (PSC) has signed on Cadence Network, Inc. to direct expense management operations for all of the company’s 100+ North American locations. Cadence will provide their full package of expense management services and software to PSC, an industrial outsourcing and environmental services provider.
According to Cadence Network president and CEO Jeffrey Hart, his organization will provide bill payment and processing, invoice auditing and compliance, rate analysis, energy procurement and information management. In addition, the CadenceEnterprise™ application will bring unprecedented data visibility to PSC’s facility managers and operations executives. The ASP software allows executives to proactively manage operating expenses associated with individual locations, resulting in more time to focus on top-line growth rather than bottom-line expenses.
“Time is the most precious commodity of any business or individual,” Hart explained. “In that vein, PSC and Cadence are similar: both provide services that help clients save time, cut costs, improve operating efficiencies, and concentrate on their core business.”
Craig Keller, PSC’s Director of Procurement, said outsourcing expense management to Cadence mirrors the philosophy PSC presents to its own clients: focus on running your business and outsource the necessary, but unrelated, support functions. “Cadence will allow us to give more time and attention to serving our clients’ needs while identifying possible hidden costs,” Keller said. “By outsourcing, we actually gain more control. Cadence will provide us with actionable intelligence from the mountains of data generated by the thousands of invoices coming into our operation, empowering our managers to make better company decisions."
Headquartered in Houston, Texas, PSC Industrial Services is one of two divisions of Philip Services Corporation, an industrial outsourcing and metals services company with over 5,500 employees in two operating groups. PSC Industrial Services provides industrial cleaning, environmental and waste services, transportation, and oilfield services. PSC Metals Services delivers scrap charge optimization, inventory management, recycling, remote scrap sourcing, and industrial scrap removal. Both groups service major industry sectors from 130 facilities located throughout North America.
About Cadence:
Cadence Network, Inc. is an expense management firm that delivers comprehensive expense management solutions for chain store and multiple site businesses in the banking, restaurant, retail and grocery industries. The people and products of Cadence allow successful businesses to monitor and manage the third largest costs of doing business - electric, gas, water, sewer, trash, lease and telecommunications. The solutions designed are customized to address the unique business requirements of companies with many sites and many departments managing many vendors across many geographically dispersed locations. Cadence offers accounts payable outsourcing, web based software applications and professional services.
CONTACTS
Cadence Network Contact: Ben Dolan, Cadence Network, Inc. 866-CADENCE (866.223.3623) bdolan@cadencenetwork.com