Vistex annouces alliance agreement with ABeam Consulting Europe

CHICAGO, IL, USA – August 20, 2007 - Vistex, a leading provider of innovative add ons to SAP® solutions today announced a formal relationship with ABeam Consulting Europe B.V., a leading provider of business transformation services, to promote and accelerate the delivery of Vistex’ “Incentives & Paybacks” (IP) solutions to SAP customers throughout Europe. The alliance brings together best practice and implementation expertise with SAP NetWeaver® certified applications to streamline chargeback processes, reduce errors, validate claims, reduce disputes, prevent overpayments, and achieve extensive savings in labor costs.

Vistex’ IP solution covers the entire spectrum of rebate and incentive processes ranging from charge backs, bill backs, sales and incentive compensation to volume and performance rebates. “ABeam’s deep logistics knowledge, experience with companies in customer-intensive industries, and exceptional track record of implementing SAP’s solution suite, make them an ideal partner for Vistex,” said Sanjay Shah, Founder and President of Vistex. “

ABeam Consulting Europe is an SAP Services Partner, with European offices in The Netherlands, Germany, Switzerland, Belgium, and England; ABeam associate firms operate in Italy, Iberia, and the Nordics. ABeam intends to train its CRM professionals on Vistex technology. “By implementing Vistex’ SAP NetWeaver certified solution, our clients can significantly benefit from automating complex contract pricing, incentives, rebates, and chargeback claims processing within their SAP systems.” said Michael Schneider, CRM Practice Lead at ABeam Consulting, Europe.

About Vistex

Vistex delivers stylish, innovative add-ons to SAP application functionality that allows customers to fully exploit the strengths and potential of their SAP solution-based systems. Vistex leverages its extensive business and technical expertise to deliver unprecedented solutions to users of SAP applications who demand enhanced value from their installed systems. Founded in early 1999 and headquartered in Chicago, USA, Vistex solutions have been deployed by numerous SAP customers. Since its inception, Vistex has a proven track record of working with SAP to exceed customer expectations. Located across the U.S.A, Germany and India, Vistex professionals are dedicated to providing high-end customer support and services.

About ABeam Consulting

ABeam Consulting provides business transformation services that create strategic advantage, improve business processes, leverage technology innovation, and enhance organizational performance for leading multinational and domestic companies worldwide. ABeam partners with clients to diagnose and solve their real challenges with solutions that combine industry and operational best practices with technical expertise. Pragmatic approaches ensure that clients gain measurable value more quickly. Headquartered in Tokyo, ABeam’s 3,500 professionals serve clients in 21 countries. For more information, please visit www.abeam-europe.com.

SAP, SAP NetWeaver, ABAP, mySAP, xApps, R/3 and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. Other company and product names mentioned are the trademarks of their respective companies.