| What began in 1999 as Project Excellence has evolved into a much
broader, enterprisewide technology initiativeone that will ultimately
affect just about everything we do. Phase I, completed in year 2000,
involved accounting processesconsolidating accounts and introducing
new automatic payment, budgeting and forecasting systems. The beginning
of 2001 means the beginning of Phase IImajor software installations
and the creation of a Shared Service Center. It will mean a
lot less paper, more electronic approvals, much more efficient, streamlined
routing of information and easier access to quality data. We will
have expertise and processes in a Shared Service Center to resolve
issues more efficiently, says Steve Riffee, Senior Vice President,
Controller and Treasurer. The key word here is qualityquality
technology, quality processes and developing top quality skills in
our people. Says Joel Manfredo, Chief Technology Officer and
Managing Director of e-Business Solutions: We call it an enterprise
transformation. It means everything that everybody does will change
and be done differentlydone betterin the future.
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