Management Dynamics, Inc
Management Dynamics, Inc
January 11, 2007 

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Ingersoll Rand Selects Management Dynamics' Global Trade Compliance Suite

Industrial Innovator to Automate Import to Export Compliance Worldwide and Establish Enterprise-wide Global Clearance System

EAST RUTHERFORD, NJ, January 11, 2007 -- Management Dynamics, a leading provider of global trade management solutions, today announced that Ingersoll Rand Company Limited (NYSE: IR), a leading diversified industrial company, has launched a worldwide deployment of Management Dynamics’ Global Trade Compliance solution suite. The solution will streamline importing from and exporting to over 118 countries by creating a real-time, collaborative and fully standardized trade process.

Ingersoll Rand will implement Management Dynamics’ Global Trade Compliance solution suite, including the Trade Import, Trade Export and Trade Agreements modules, as part of a global enterprise-wide initiative to standardize its order management and trade compliance operations. Utilizing the solution, Ingersoll Rand plans to significantly improve regulatory compliance and operational efficiencies by reducing total costs, cutting cycle times and mitigating corporate risk exposure in international transactions.

Ingersoll Rand selected Management Dynamics for three key reasons: its robust functionality, long-time strategic partnership with Oracle and superior expertise in trade compliance. Offering best-in-class flexible, distributed and highly integrated information systems that are proven to help large organizations manage the complexities of automating import/export compliance and free trade agreement programs, Management Dynamics will enable Ingersoll Rand to significantly reduce time-consuming manual tasks and streamline its global supply chain.

“We needed a scalable solution that could easily handle our high volume transactions and had the ability to support hundreds of users across multiple time zones,” said Michael Macrie, Global Director, Back Office Technology for Ingersoll Rand. “Management Dynamics will become the trade compliance standard for all of our Oracle implementations worldwide.”

“Today, a growing number of U.S. manufacturers are realizing the value of sourcing overseas, particularly in Asia and other low cost exporting markets, but that this transition can also add significant time, cost and risk factors to the global supply chain. With our Trade Compliance offering, Ingersoll Rand is leading its industry in the drive to unify import and export compliance in a single transaction,” said Jim Preuninger, CEO of Management Dynamics. “Ingersoll Rand’s ability to collaborate in real-time with its worldwide trading partner network emphasizes the power of our compliance functionality, breadth of our global trade content and scalability of our technology.”

Management Dynamics’ Trade Compliance Solution will meet Ingersoll Rand’s key requirements for establishing an end-to-end trade clearance process and managing trade compliance, including:
 

  • Fully automated process that centralizes and standardizes Ingersoll Rand’s import and export process across five of its major business units worldwide;

  • Freight Forwarder portal providing its network of logistics service providers and freight forwarders with instant access to modify and update details of in-transit shipments;

  • Seamless integration with Ingersoll Rand’s Oracle ERP system, providing a robust technology architecture for the entire company and the scalability to accommodate hundreds of users and high transactions volumes with around-the-clock access; and

  • Comprehensive, in-depth, up-to-date global trade content that covers all international business rules including tariff and contract rates, preferential duties and taxes for calculating total landed cost, import and export controls, restricted parties lists and all trade documents required for cross-border commerce.
     

Ingersoll Rand will implement the Management Dynamics’ solution at five of its major business units worldwide including Industrial Technologies, Security Technologies, Climate Control Technologies, Construction Technologies, and Compact Vehicle Technologies.

About Ingersoll Rand
Ingersoll Rand is a leading diversified industrial company providing products, services and integrated solutions to industries ranging from transportation and manufacturing to food retailing, construction, and agriculture. With a 135-year-old heritage of technological innovation, we help companies worldwide to be more productive, efficient and innovative. In every line of our business, Ingersoll Rand enables companies and their customers to create progress. For more information, visit www.ingersollrand.com.