USU Software : wins major IT financial management contract

DGAP-News: USU Software AG / Key word(s): Incoming Orders USU wins major IT financial management contract 11.09.2019 / 08:53 The issuer is solely responsible for the content of this announcement. Möglingen, Germany, September 11. A multinational technology and services corporation has selected the USU Valuemation product line as part of strategically realigning its IT department as a service organization. The company, which has core operating areas in automotive and consumer goods as well as in industrial and building technologies, is using Valuemation for portfolio management and planning, calculating and billing IT services. The overall value of the framework agreement, including licensing, maintenance and service, amounts to a seven-figure sum. The project started at the beginning of August. The goal is to enable the company-wide planning, evaluating and controlling of IT's consolidated financial data and flow of costs. Valuemation replaces two older systems and provides a future basis for portfolio management that includes the controlling of IT investments, projects and activities as well as for planning, calculating, billing, reporting and analyzing. IT's transparency and speed is to be improved in line with a high level of automation and standardization. An important milestone in the initial phase of the project is implementing new product and service structures and gathering actual costs from all relevant ERP systems capturing them in the new structure. "We're really pleased to have the opportunity to comprehensively support the company's complex international IT controlling processes and, in the process, build a bridge between the technical and commercial worlds," says Roland Schuch, authorized representative and business unit manager at USU GmbH. "After the project is successfully implemented, there's also potential in the midterm to automate additional processes along the value service chain." Following an extensive evaluation and decision-making process involving several providers, various workshops, show cases and an in-depth proof of concept using demo systems, Valuemation won over the 20-person project team as the right choice. Crucial factors in the decision included the breadth and depth of the USU software's functionality as well as its modular structure, uniform user interface, performance and integratability. The option to use Valuemation as a flexible development platform for individual enhancements proved to be a compelling point, too. Also tipping the scales in favor of USU was the company's longstanding expertise on similar complex projects and its strong customer focus. This press release is available at https://www.usu.de/en USU GmbH Founded in 1977, USU GmbH is one of the biggest European providers of IT and Knowledge Management Software. Market leaders from every sector of the international economy create transparency with USU applications, while also increasing flexibility, decreasing risks and cutting costs. The Valuemation division supports companies with extensive, ITIL(R)-compliant solutions for strategic and operative IT and enterprise service management. Customers can use them to control all service processes, create transparency regarding their service costs and IT infrastructure and therefore plan, monitor and charge their services efficiently. This involves the use of the identically named software Valuemation, a modular, integrated and ITIL(R)-certified product suite. It is used by IT at large and medium-sized companies as well as by IT service providers. At the same time, Valuemation is also used in other service areas such as HR, facility management and field service management. Valuemation is rated by analyst firms and certification companies as a global leader. USU GmbH is part of USU Software AG (ISIN DE 000A0BVU28), which is listed in the Prime Standard Segment of the German Stock Exchange (DAX). For further information, please go to: https://www.valuemation.com/en/   Contact: USU Software AG Corporate Communications Dr. Thomas Gerick Tel.: [phone] Fax: [phone] E-Mail: [e-mail] USU Software AG Investor Relations Falk Sorge Spitalhof D-71696 Möglingen Tel.: [phone] Fax: [phone] E-Mail: [e-mail] 11.09.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	USU Software AG
	Spitalhof
	71696 Möglingen
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.usu-software.de
ISIN:	DE000A0BVU28
WKN:	A0BVU2
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	871793

End of News	DGAP News Service

871793  11.09.2019