Wachovia Selects White Amber for Online Workforce Management

White Amber, the human capital management experts, today announced that Wachovia (NYSE: WB) has joined a growing list of customers that have fully implemented White Amber's Web-based solution to provide convenience to internal customers, streamline processes and reduce costs.

LAKE SUCCESS, N.Y. (PRWEB) August 27, 2003 -- White Amber, the human capital management experts, today announced that Wachovia (NYSE: WB) has joined a growing list of customers that have fully implemented White Amber's Web-based solution to provide convenience to internal customers, streamline processes and reduce costs.

Wachovia needed improved visibility and analysis of spending patterns for better workforce administration. The company will leverage White Amber to better manage workforce spending across the company, centralize short-term and high-volume workforce needs and drive down annual investments on temporary and flexible staffing.

White Amber helps large companies, which increasingly rely on contingent and temporary employees for everything from IT to administrative support, save millions of dollars every year. The company's deep expertise combined with advanced software streamlines all aspects of the labor sourcing process - from gathering bids to negotiating pricing to ensuring compliance with HR requirements and federal and state regulations.

White Amber's customers typically save 12-20 percent annually by guaranteeing that positions are filled with the right person at the most cost-effective rates, reducing administration and providing enterprise-wide reporting for a comprehensive perspective.
Research from Gartner asserts that human resources management is the most commonly outsourced business process, and predicts that HR outsourcing will reach $46 billion this year, growing to $51 billion in 2004.

"White Amber has helped us shift the way we view temporary or contract labor. Flexibility has become a huge asset that allows us to take a more strategic approach to the way we manage this business" said Denny Clark, senior vice president and director of recruiting at Wachovia, based in Charlotte, North Carolina. "The solution gives us unprecedented visibility that helps us gain control of the process. It ensures access to the best quality workers and helps us partner with our preferred suppliers to drive savings."

"Contract labor can be a strategic and extremely cost-effective total talent solution for companies of any size, in any market," said Michael Cruz, EVP, client services of White Amber. "Innovative companies like Wachovia understand that the adaptive workforce is here to stay, and that White Amber is key to managing it effectively."

About White Amber
White Amber's workforce management solution helps large companies manage all aspects of the sourcing process for a wide range of services, delivering significant cost savings and improving the return on outsourcing strategies. The company's human resource management experts and patent-pending Web-based technology combine to streamline every step of the process, from vetting suppliers and negotiating contracts to matching the right jobs to the right vendors.

Its proven methodology benefits both parties, ensuring prompt payment to vendors and delivering comprehensive records and analysis that drive best practices in contingent labor spending for corporate customers. Based in New York, the company can be reached at www.whiteamber.com.

About Wachovia
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers throughout the East Coast and the nation, with assets of $364 billion and stockholders' equity of $32 billion at June 30, 2003. Its four core businesses, the General Bank, Capital Management, Wealth Management and the Corporate and Investment Bank, serve 9 million households, including 900,000 businesses, primarily in 11 East Coast states and Washington, D.C. Its broker-dealer, currently operating under the names Wachovia Securities, LLC, and Prudential Securities Division of Wachovia Securities, LLC, serves clients through 700 offices in 48 states.

Global services are provided through more than 30 international offices. Online banking and brokerage products and services also are available through wachovia.com.

White Amber and the White Amber logo are registered trademarks of White Amber, Inc. All other trademarks, registered trademarks, and trade names contained above are the property of their respective companies.