'Next Generation' Dot-com Company Launched to Help Small Businesses.Business Editors TAMPA, Fla.--(BUSINESS WIRE)--MAY 1, 2000 Benjamin M. Hern hern n. A heron. [Variant of heron.] , an e-commerce entrepreneur, today announced the formation of GlobalAxxess.com. This "next generation" dot-com company An organization that offers its services exclusively on the Internet, either via the user's Web browser or a client program that must be installed in the user's computer. Amazon.com, Yahoo!, Google and eBay are examples of dot-com companies. was created to provide the 22 million small businesses in the U.S. with axxess to the resources needed to thrive in the new economy. "We are making strategic alliances and acquisitions that will enable us to arm small business owners with a comprehensive array of outsourcing services, helping them to attract and retain valued employees while increasing their personal and company bottom line profitability," said Hern, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of GlobalAxxess.com. As part of their acquisition initiative, the company recently purchased American Employee Leasing, Inc. (AEL AEL Association Electronique Libre AEL Appalachia Educational Laboratory AEL Arabisch Europese Liga AEL Agence de l'Energie AEL Arab European League AEL Accessible Emission Limit AEL Acceptable Exposure Limit AEL Arquivo Edgard Leuenroth ), a Pensacola-based Professional Employer Organization A professional employer organization (PEO) provides outsourcing of payroll, workers' compensation, human resources and employee benefits administration. It does this by hiring a client company’s employees, thus becoming their employer of record. (PEO), and Global PayCheques.com, an Atlanta-based firm with the unique capacity to process payroll in 110 countries. These two entities have been attached to GlobalAxxess.com's HR Division, Axxess HR. Total revenues for the new HR entity, once fully constituted, will be approximately $100 million. In addition to HR, GlobalAxxess.com intends to offer a complete suite of outsourcing services, including employee purchasing, accounting, information technology, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , business consulting, and capital financing. The company uses the Internet as a cost-effective portal to provide total support packages for all human resource functions to its members and their employees. Concurrently, GlobalAxxess.com is building a Value Chain Network to ensure that added value is brought to its members at every step in delivering a product or service. Hern, who has held numerous senior management positions with Fortune 500 companies, has successfully launched numerous start-up companies in his distinguished twenty-year career. While many organizations have attempted to service the small business market by using the capabilities of the Internet to facilitate marketing and distribution, Hern believes they failed because their business models were created from traditional retail models. In this manner, the Internet merely serves as another way to attract and drive customers through existing, flawed distribution channels that provide low levels of customer captivity and cash control. "GlobalAxxess.com is creating a unique Value Chain Network which maximizes stickiness and cash flow by acting as a first-in-line distributor of products and services on the Internet. By coupling our ability to provide HR outsourcing services with the infinite commerce capabilities of the Internet, we can completely revolutionize the way business is conducted on the web," said Hern. "We will leverage our tremendous group purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. , which is currently at $1 billion with expectations to grow to $15 billion within the next few years, to provide our members and their employees with a more convenient, higher value, competitive alternative to the manner in which they currently buy products and services. At any point in their business life cycle --- from inception and growth to sale or IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. --- we will be able to provide small businesses with a level of resources previously only available to Fortune 500 Companies." Headquartered in Tampa, Florida, GlobalAxxess.com also has offices in Pensacola and Jacksonville, Florida, Atlanta, Georgia and New Orleans, Louisiana. The company is in the process of completing its fulfillment system, which will consist of additional offices in San Francisco, Los Angeles, Houston, Chicago, and the NYC NYC abbr. New York City NYC New York City region. They plan to complete their fulfillment system by December, 2000. Persons interested in learning more about GlobalAxxess.com can call 1-800-493-4490. |
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