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Lilly Software Offers IBM Global Financing

Lilly, IBM Global Financing, Sign Agency Appointment Agreement

"This new partnership with IGF will allow our future customers to work with a financier that offers complete `one stop' financing for hardware, software and services,"
-Jeff Holway
IBM Alliance Manager

14 April, 1999, HAMPTON, N.H.--(BUSINESS WIRE) -- Lilly Software Associates, Inc. (LSA), has signed an agreement with IBM Global Financing (IGF), part of the IBM Corporation of Armonk, New York. Under the agreement, Lilly Software is authorized to offer IBM Global Financing Services to Lilly customers. IBM Global Financing, including IBM Credit Corporation in the US, provides flexible financing and leasing solutions, with the goal of making it as fast and as easy as possible for customers to acquire the information technology hardware, software and services they need to run their businesses.

"This new partnership with IGF will allow our future customers to work with a financier that offers complete `one stop' financing for hardware, software and services," said Jeff Holway, IBM Alliance Manager with Lilly Software. "Plus, IGF offers the highest customer satisfaction rating in the industry."

The key benefit of IGF financing, according to an IBM spokesperson, is that it "can help customers begin to reap the benefits of new IT solutions without having to make a large payment up front." This is especially important to small and midrange manufacturers for whom the purchase of software, maintenance, and new hardware to support the system, is a significant budget item. Financing makes budget approval more likely, allowing a new customer to put the technology to work in the next quarter versus the next fiscal year.

This financing agreement marks the second Lilly Software/IBM joint announcement since the beginning of the year. Lilly announced in January that customers can purchase IBM's AS/400e servers preloaded with VISUAL Manufacturing, Lilly's flagship enterprise resource planning (ERP) and advanced planning and scheduling (APS) solution.

About Lilly Software Associates

Lilly Software Associates, Inc. provides a complete line of enterprise and supply chain solutions for manufacturers and distributors. The VISUAL Enterprise™ suite of products helps companies capture and analyze real-time data about all their business processes using ERP, Project Management, Business Performance Management, Quality Management, Customer Relationship Management, and Warehouse Management System capabilities. From award-winning software to strategies in Lean Manufacturing and TOC, Lilly Software offers companies the tools they need for higher productivity and profitability.

Most VISUAL® applications run on Windows® 98, Windows NT, Windows 2000, Windows XP, UNIX®, LINUX, Novell®, using SQLBase®, Microsoft SQL Server®, or ORACLE® relational databases.

Lilly Software has received many industry awards for its products, service, and financial growth since its inception. Most recently, the company has been voted one of the Top 10 Best of Breed solutions for manufacturing by readers of Consumer Goods Technology, listed in Software Magazine's Top 500, selected as a Top 100 Logistics Information Technology Provider in Inbound Logistics, listed in the Top 100 Application Vendors in Supply Chain e-Business, included in MSI's Top 100 for its eighth year, and ranked as one of Start magazine's Hottest Companies.

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