| COVANSYS WHITE PAPER RECEIVES PLATINUM
AWARD AT GLOBAL EAI SUMMIT
EAI Industry Consortium Awards First Place to White Paper
Revealing the Effects of Regulations and Technology on Today’s
Supply Chains
FARMINGTON HILLS, Mich. (June 21, 2004) – Covansys Corporation
(Nasdaq: CVNS), a global consulting and technology services company,
today announced that the Enterprise Application Integration (EAI)
Industry Consortium has awarded the first place platinum award
to the white paper entitled “Asset Tracking Regulations Boost
EAI into the Boardroom,” authored by Gordon Fuller, practice
lead secure logistics, Covansys Corporation.
Fuller’s white paper received recognition at the annual
Global EAI Summit, a world-wide summit focused on innovation and
thought leadership in Enterprise Application Integration. The top
three case studies and research papers presented received awards,
selected from a competitive list of more than several dozen white
papers.
“Considering the vision of those who authored research papers
and case studies presented at the Global EAI Summit, I am honored
to be selected to receive this recognition,” said Fuller. “This
white paper supports Covansys’ commitment to helping companies
understand the repercussions RFID, the Sunrise Date and the Container
Security Initiative have on the production and movement of goods.”
Fuller’s award winning white paper is available free of
charge at the CSI Institute, http://marketing.covansys.com/csi_white_default.asp.
A summary of “Asset Tracking Regulations Boost EAI into the
Boardroom” follows:
This paper reveals the linkage between the various regulatory
and technology factors affecting today’s supply chains and
provides a framework for companies to ensure their mandated electronic
reporting capabilities not only protect them from harm, but allow
them to achieve the cost reduction implicit in better asset management.
The production and movement of goods is inseparable from the increasingly
synchronized movement of money; as the regulations from the legislation
merge in their scope, problems with one will halt the movement
of the other. Electronic real-time asset tracking is now mandatory,
but must incorporate a technological revolution in tracking tools
thanks to RFID and the Sunrise Date. Regulatory compliance remains
vital since any tracking and financial errors will directly affect
executives required to certify internal controls under Sarbanes-Oxley.
The regulations will eventually commoditize logistics by standardizing
the data transactions across all industries. But companies remain
vulnerable to legal action in areas where the regulations have
not yet been agreed. EAI is perfectly situated to support the increased
level of data and process integration between financial and operational
systems that these regulations require.
Covansys sponsors the CSI Institute, http://csiinstitute.com,
an information portal intended to help educate retailers, distributors
and manufacturers about the short and long-term impact of the rapidly
evolving Container Security Initiative (CSI), which is designed
to improve U.S. security by tightening and expanding cargo-reporting
requirements.
Covansys also offers the Covansys Secure Supply Chain Solution,
a customized service offering that enables international companies
to meet the new business challenges and opportunities posed by
The Container Security Initiative (CSI). This solution is part
of the company's application, maintenance and development outsourcing
(AMD/O) service offering.
About Covansys
Headquartered in Michigan, Covansys Corporation (Nasdaq: CVNS)
is a global consulting and technology services company specializing
in industry-specific solutions, strategic outsourcing and integration
services. Clients gain competitive advantage by leveraging our
unique on-site, offsite, offshore delivery capability to achieve
rapid deployment, world-class quality and reduced costs. A leader
in the public sector market, Covansys is also known for application
maintenance and development outsourcing in the healthcare, financial
services, retail and distribution, manufacturing, telecommunications,
and high-tech industries. Founded in 1985, with over 5,100 employees
worldwide, Covansys was one of the first U.S.-based IT services
companies to establish offshore facilities in India, and is a pioneer
in seamlessly integrating offshore capabilities into its offerings.
Two of the company's three wholly owned development centers in
India are assessed at Level 5 in SEI CMM®. All three are ISO
9001:2000 certified and assessed at Level 5 in PCMM®. Covansys
was named one of the leading IT companies for state and local governments
in 2002, 2003 and 2004 by Washington Technology magazine, and one
of the top 500 solution providers in 2002 and 2003 by VARBusiness
magazine.
FOR MORE INFORMATION, CONTACT:
Laura Livingstone
Senior Communications Director
Covansys Corp.
401-457-8514
llivings@covansys.com
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