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