Cadence Network Steers the Course for Caliber Collision Centers

Collision Repair Specialist Contracts with Top Expense Management Firm

CINCINNATI, Sept. 2 -- With Cadence behind the wheel, they're in for a smooth ride, that according to top Cadence Network, Inc. executives who have been contracted to direct expense management operations for the 68 center locations of Caliber Collision Centers. Cadence Network will provide their full package of expense management services for the auto repair industry leader.

According to Cadence Network president and CEO Jeffrey Hart, his organization will provide bill payment and processing, invoice auditing and compliance, rate analysis, energy procurement and information management. The CadenceEnterprise(TM) software brings unprecedented visibility to facility managers and operation executives and allows them to proactively manage their locations, is also part of the program.

"You can't manage what you can't measure, and Cadence services and software allow businesses to gain control of the third largest expense of doing business," Hart explained. "Caliber Collision Centers give people peace of mind when repairing damaged automobiles. It's not coincidence they hired us -- we provide peace of mind for multiple site companies."

Stepan Altounian, Caliber's Vice President, Fixed Operations and Vendor Relations said outsourcing expense management to Cadence gives Caliber a significant competitive edge in finding hidden costs, buying energy and telecom services at better rates and auditing the thousands of bills that bombard any multiple site organization each week.

"We expect to save significant time and money in hard dollars and man hours for Caliber through buying smarter and gaining clarity of these expenses, which then allows for better performance management of our operations," Altounian said. "We are pleased to be using the Cadence system, and look forward to realizing the benefits of our business relationship with Cadence Network, Inc."

Founded in 1991, with headquarters in Irvine, Caliber Collision Centers operates high-quality collision repair facilities in California and Texas. Caliber currently owns and operates 68 facilities and today has annual revenues exceeding $200 million. In addition, Caliber plans to continue acquiring, developing and integrating high-volume collision repair centers while providing innovative collision repair solutions and automobile physical damage claims support.

Cadence Network, Inc. is an expense management firm that delivers comprehensive expense management solutions for chain store and multiple site businesses in the banking, restaurant, retail, and grocery industries. The people and products of Cadence allow successful businesses to monitor and manage the third largest costs of doing business -- electric, gas, water, sewer, trash, lease and telecommunications. The solutions designed are customized to address the unique business requirements of companies with many sites and many departments managing many vendors across many geographically dispersed locations. Cadence offers accounts payable outsourcing, web based software applications and professional services. Cadence can be accessed at http://www.cadencenetwork.com/ or by calling 866-CADENCE (866.223.3623).

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