Santa Clara, California – March 31, 2011 – Federal Express Ground Package Services selects CIPPlanner’s enterprise Capital Planning and Program Management (CPM) solution.
CIPPlanner Corporation, the industry leader in cloud-based capital planning and program management software, announced today that FedEx Ground will use CIPAce™ Enterprise Platform to manage its global capital plan and projects.
With annual revenue of more than US$7 billion, FedEx Ground is one of the major operating units under FedEx Corporation, a New York Stock Exchange listed company with 290,000 employees and US$34.7 billion annual sales in 2010. Managing an asset base of more than US$4 billion, FedEx Ground has made more than US$1.5 billion of capital investment for the past three years to maintain a competitive infrastructure to support its growth.
Initial phase of the implementation will replace an existing legacy client-server based planning system that is no longer supported by its vendor.FedEx Ground will deploy CIPAce™ to manage long range planning, budget development and revisions, project financials, controls and closeouts.The sophisticated funding authorization process will be automatically managed by CIPAce™ workflow engine which comes with a web-based user configurable workflow designer. CIPAce™ will also integrate with FedEx’ PeopleSoft® ERP application to create an integrated information management platform to consolidate financial data analysis and reporting and provide decision support and performance measurement.
FedEx will leverage CIPPlanner’s Software-as-a-Service (SaaS) application to eliminate the time and cost of maintaining an internally hosted solution. CIPAce™ SaaS application will enable a highly scalable web-based management environment to support FedEx Ground’s distributed operating environment.
About CIPPlanner Corporation – CIPPlanner develops CIPAce™, a next generation cloud-based enterprise application platform that powers an integrated suite of infrastructure development solutions, including Capital Planning and Budgeting, Enterprise Capital Project and Program Management, Vendor Portfolio Management, Grant Portfolio Management, Contract Portfolio Management, and Geospatial Project Coordination. With more than US$100 billion capital investment and tens of thousands of projects under management, CIPAce™ is at the rapid growth stage of its product life cycle since its debut in 2005. CIPAce™ Enterprise Platform is serving organizations of all sizes from Fortune 100 companies to local government, utilities and small businesses.
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