CUPERTINO, Calif., Nov. 26, 2007 (PRIME NEWSWIRE) -- NetManage, Inc. (Nasdaq:NETM), a software company that provides the fastest way to transform legacy applications into new Web-based business solutions, today announced that Toledo Molding & Die, Inc., a full service automotive supplier, has selected NetManage's OnWeb(r) solution to automate its weekly three-way match accounting process of receipts, purchase orders and invoices from vendors at its manufacturing facilities in Ohio and Alabama. OnWeb enables Toledo Molding & Die to interface with its ERP system without having to run through multiple application screens or modify source code. OnWeb's ease of development, matched with the new streamlined process, allowed the company to improve operational efficiencies.
"Accounts payable clerks at our manufacturing facilities were spending several hours a week matching receipts manually, which was extremely inefficient and time-consuming. We needed a solution that could access the iSeries server to automate this process," said Tony Nader, Information Systems Manager at Toledo Molding & Die. "With NetManage's OnWeb, we were able to simplify and streamline the process, eliminating up to four hours of labor negotiating various computer screens down to just the click of a button. The application now does all the matching for our clerks, allowing them to be more productive in other areas."
NetManage's OnWeb, a server-based software solution, preserves existing investments in enterprise information systems and eliminates the high cost and risk of modifying back-end systems by reusing functionality from the host systems without changing the legacy assets. Creating new and direct ways to access legacy and midrange information, OnWeb enables business units to become more efficient and profitable.
"As a full service automotive supplier with over 1,000 employees and seven facilities, constantly improving processes is a top priority for Toledo Molding & Die," said Zvi Alon, chairman, president and chief executive officer at NetManage, Inc. "NetManage's OnWeb has allowed Toledo Molding & Die to modernize and automate access to its legacy environment, turn a daunting weekly task into a streamlined, efficient process, and save time and money by avoiding unnecessary infrastructure upgrades."
About Toledo Molding & Die, Inc.
Toledo Molding & Die, Inc. was founded in 1955 as a model and pattern shop. Since its establishment, TMD has grown from modest beginnings into an integrated automotive supplier with multiple Tier 1 and OEM customers.
About NetManage
NetManage, Inc. (Nasdaq:NETM) is a software company that provides the fastest way to transform legacy applications into new Web-based business solutions. More than 10,000 customers worldwide, including a majority of the Fortune 500, have chosen NetManage for mission critical application integration. For more information, visit www.netmanage.com.
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NetManage, the NetManage logo, the lizard-in-the-box logo, Incremental SOA, OnWeb, Librados, RUMBA, ONESTEP, ViewNow, SupportNow, Chameleon and Chameleon design, are either trademarks or registered trademarks of NetManage, Inc. in the United States and/or other countries. All other trademarks are the property of their respective owners.
This press release contains, in addition to historical information, forward-looking statements that involve risks and uncertainties, including statements regarding improvement in the Company's competitive position, improvement in financial results and business pipeline, the Company's positioning in its market, and the progress and benefits of the Company's execution on its business plan. The Company's actual results could differ materially from the results discussed in the forward-looking statements. The factors that could cause or contribute to such differences include, among others, that competitive pressures continue to increase, that the markets for the Company's products could grow more slowly than the Company or market analysts believe, that the Company is unable to integrate or take advantage of its acquisitions successfully, or that the Company will not be able to take advantage of growth in the Company's target markets. Additional information on these and other risk factors that could affect the Company's financial results is included in the Company's Annual Report on Form 10-K, Forms 10-Q, Forms 8-K and other documents filed with the Securities and Exchange Commission.