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"Our SiteStuff partnership has enabled us to save time, save money and gain much better control of our operations. To be competitive in this market, you have to offer your tenants world class service and amenities…and with SiteStuff as our partner, we can do just that."
Dan Shveda
CB Richard Ellis
| SiteStuff to Provide Procurement Platform Services to Webster Bank AUSTIN, TX -- SiteStuff, Inc., ("SiteStuff") the leading procurement company for owners and managers of commercial real estate properties and corporate facilities, announced today that Webster Bank, National Association has selected SiteStuff as their procurement platform. Webster will utilize SiteStuff to manage all procurement activities for its facilities. SiteStuff's Product Purchasing and Contract Management Solutions will assist Webster in streamlining the purchasing process, implementing standards for bidding service contracts, reducing the number of product invoices and controlling costs overall for Webster’s facilities. By leveraging the size of SiteStuff, Webster will be able to reduce the cost of their procurement operations by an average of 7-10% per year, while at the same time improve their bidding process at each property. They also intend to utilize the project sourcing and special purchase solutions for construction and capital projects. “We have chosen SiteStuff in order to obtain the branch-level visibility that we need in order to control expenditures in real time,” said Peter Olson, Senior Vice President at Webster Bank. "Our industry is competitive and utilizing SiteStuff gives us the opportunity to streamline the entire procurement process across the 160 branches in our four-state region.” “SiteStuff is looking forward to building this new relationship with Webster,” said Lisa Box, Senior Vice President of Sales and Marketing for SiteStuff. “We currently serve over 25,000 bank branches nationwide; therefore, we understand the banking industry needs. By providing a one-stop shop for all of their products and services, as well as reducing the number of invoices, Webster will recognize the value we provide in just a few short months.” SiteStuff, Inc. is the nation's leading procurement company in the commercial real estate industry. Serving over 1 billion square feet of commercial real estate, SiteStuff helps companies reduce procurement costs, streamline the invoice and accounting process, as well as provides information that gives companies greater control over their spend. SiteStuff works with industry leading companies including: CB Richard Ellis, Inc., Jones Lang LaSalle Americas, Inc., PM Realty Group, REIT Management and Research LLC., Trammell Crow Company, and Wells Fargo & Company. Visit www.sitestuff.com. Webster Financial Corporation is the holding company for Webster Bank, N. A. and Webster Insurance. With $17.9 billion in assets, Webster provides business and consumer banking, mortgage, insurance, financial planning, trust and investment services through 160 banking offices, 308 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, the insurance premium finance company Budget Installment Corp., Center Capital Corporation, an equipment finance company headquartered in Farmington, Connecticut and provides health savings account trustee and administrative services through HSA Bank, Member FDIC and equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at http://www.websteronline.com/.
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