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1st Online e-Business Calculator Developed for Small and Mid-Sized Suppliers; Anchorsilk's Valuable New Tool Quickly Estimates Revenue Potential of Implementing e-Business Solutions.


Business/Technology Editors

BEDFORD, Mass.--(BUSINESS WIRE)--Feb. 7, 2001

Anchorsilk, Inc. has made it easy for small and mid-sized suppliers in manufacturing, wholesale and distribution to determine how much they can increase their revenues by incorporating e-Business solutions into their marketing, sales and customer service strategies. Unveiled today, an industry first, Anchorsilk's e-Business Revenue Calculator calculator or calculating machine, device for performing numerical computations; it may be mechanical, electromechanical, or electronic. The electronic computer is also a calculator but performs other functions as well. (c) is available on the Web at: http://www.anchorsilk.com/calculator

The new online calculator enables suppliers to quickly and easily input the information necessary to compile To translate a program written in a high-level programming language into machine language. See compiler.  an e-Business Revenue Potential Statement(c) customized specifically for their firms. These suppliers then receive the final statement via email - enabling them to employ scenario-based processes to estimate the potential financial and operational benefits of deploying e-Business solutions.

Omar Hussain, founder 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 Anchorsilk, said: "The cash payback Payback

The length of time it takes to recover the initial cost of a project, without regard to the time value of money.
 from implementing e-Business for most companies is much faster than one would think. It's not just about expanding new sales opportunities; e-Business also improves the efficiency of sales, marketing and customer service for existing customers."

There are approximately 1.2 million U.S.-based suppliers with fewer than 500 employees. Many of these companies have yet to reap the monetary and productivity gains available via e-commerce and related automated au·to·mate  
v. au·to·mat·ed, au·to·mat·ing, au·to·mates

v.tr.
1. To convert to automatic operation: automate a factory.

2.
 processes. Anchorsilk's e-Business Revenue Potential Statement allows suppliers to rapidly obtain a detailed view of savings and revenue potential highlighting such key areas as:
-- Total e-Business revenue gains possible per month

-- Increased revenue from existing customers

-- Increased revenue from new business

-- Cost savings from sales productivity

-- Cost savings in promotions expenditures

-- Critical time savings from an e-Business solution in hours


About Anchorsilk

Anchorsilk (www.anchorsilk.com) was founded to help small and mid-sized manufacturers, wholesalers and distributors benefit from business-to-business e-commerce. Anchorsilk's Web-based software and hosting services enable companies to increase their sales productivity by creating customized online product catalogs for business customers. Anchorsilk is the first to offer this market a sell-side, business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G.

B2B - business to business
) e-commerce solution that is affordable, simple to use, and easy to personalize per·son·al·ize  
tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es
1. To take (a general remark or characterization) in a personal manner.

2. To attribute human or personal qualities to; personify.
 for each reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. , partner, exchange and customer.

Anchorsilk is a trademark of Anchorsilk Inc.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 7, 2001
Words:343
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