Dana Commercial Credit Introduces 'Total Cost of Ownership' Tool For Information Technology Equipment

    TOLEDO, Ohio, March 30 /PRNewswire/ -- DCC Technology Management Group, a
business unit of Dana Commercial Credit Corporation (DCC), introduced today
its Total Cost of Ownership tool, the TCO Wyzard(TM), at GartnerGroup's
"Lowering TCO: Controlling the Business Investment" conference in Palm
Springs, Calif.
    DCC is one of North America's leading commercial leasing companies and an
indirect, wholly owned subsidiary of Dana Corporation (NYSE: DCN).
    Marketed as part of DCC's consulting services, the TCO Wyzard provides
companies with the power to benchmark and reduce the life-cycle costs of their
information technology (IT) assets.
    The TCO Wyzard is designed to help companies define baseline IT costs in
order to identify savings associated with cost-effective IT asset management.
Utilizing graphs, the TCO Wyzard organizes a company's IT expenses into four
functional areas: support, capital, administration and operations.
    "Considering the typical networked PC costs an average of $10,000 per year
to operate and support, it's not surprising many companies want to know how to
lower this cost and secure the highest return possible on their IT
investments," said Patricia Benson, managing director of DCC's Technology
Management Group, based in San Francisco, "The first step in meeting both of
these objectives is to conduct an in-depth evaluation of IT costs and our TCO
Wyzard does this in a clear, concise manner for easy analysis."
    The TCO Wyzard uses measurable data supplied by the customer to generate
its TCO summary.  DCC's model identifies user patterns, providing a company
with the opportunity to rethink the design of its IT infrastructure as it
relates to processes, people and equipment.  The business tool can be used to
track such trends in network performance over an extended period of time, as
well.
    "When it comes to IT asset management, knowledge is power," Benson said.
"Not only does the TCO Wyzard provide an immediate look at IT costs but, over
time, it can help a company compile the necessary information to maximize its
return on technology investment, streamline processes and enhance the job
performance of its IT staff."
    The introduction of the TCO Wyzard comes after DCC's release in January of
a new version of Wyzdom(R), DCC's proprietary asset management software
program.  A Web-based solution developed in 100% Java, Wyzdom 5.0 is designed
to track and manage IT assets throughout their life-cycles, from requisition
through disposal.
    DCC's Technology Management Group specializes in providing asset
management software and services that enable companies to track and manage
information technology assets throughout their life-cycles, thus reducing
technology costs and risk.  The web site address for Wyzdom software and
services is http://www.wyzdom.com.
    DCC provides leasing and financing services to a broad range of business
customers in selected markets.  Activities range from capital market
transactions valued up to $250 million each to sales-aided vendor programs
with an average ticket size of $25,000 for the microcomputer industry.  DCC
has an international network of offices throughout the United States, Canada,
United Kingdom, France, Germany and Switzerland.  In 1996, DCC received the
Malcolm Baldrige National Quality Award from the U.S. Department of Commerce.
DCC has assets owned and under management of $5.2 billion in original asset
value.  DCC's web site address is http://www.dcc.com.
    Dana Corporation is a global leader in the engineering, manufacturing and
distribution of products and systems for the vehicular, industrial and off-
highway markets.  Founded in 1904, Dana Corporation is based in Toledo, Ohio,
and operates facilities in 30 countries with 50,000 people.  In 1997, Dana
Corporation reported sales of $8.3 billion.  Dana Corporation's web site
address is http://www.dana.com.

SOURCE Dana Commercial Credit Corporation

Web Site: http://www.dcc.com http://www.dana.com
http://www.wyzdom.com