@TheMoment Delivers First Truly Automated Negotiated Exchange Solution.Business Editors, High-Tech Writers SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--Sept. 18, 2000 NegotiatedExchange@TheMoment Enables Dynamic, Electronic Request for Proposal (eRFP) Capabilities for Online Buyers @TheMoment, Inc., the premier enabler of dynamic commerce, today introduced NegotiatedExchange@TheMoment(TM), the first negotiated exchange product to deliver a dynamic, electronic request for proposal (eRFP) system. NegotiatedExchange@TheMoment is designed for Net market makers and brick-and-mortar companies seeking to both improve the terms for online contract negotiation as well as improve the efficiency in which goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. are procured. Set apart from current message-based negotiated exchange products, NegotiatedExchange@TheMoment delivers an 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. , multi-parametric negotiation environment featuring real-time rankings of suppliers' bids based on buyers' preferences or needs. In this dynamic process, buyers enhance their procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. results by engaging in simultaneous negotiations with multiple suppliers and by having the ability to rank suppliers' bids in comparison to their (the buyer's) preferences. On the other hand, suppliers are able to compete for eRFPs on attributes or strengths beyond price, such as quality, service and delivery. "NegotiatedExchange@TheMoment is the most advanced online negotiation solution to date," said Itzik Goldberger, vice president of marketing and business development, @TheMoment, Inc. "Net market makers and brick-and-mortar companies seeking to trade complex goods and services require a powerful solution that offers an efficient procurement process. NegotiatedExchange@TheMoment delivers a flexible, multi-parametric environment enabling buyers and sellers to conduct eRFP negotiations using parameters of price, quality, shipping terms, or virtually any other offline parameter desired." NegotiatedExchange@TheMoment Enables Real eRFP Process 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 Net marketplaces are maturing beyond simple, price-focused transactions. To accurately replicate rep·li·cate v. 1. To duplicate, copy, reproduce, or repeat. 2. To reproduce or make an exact copy or copies of genetic material, a cell, or an organism. n. A repetition of an experiment or a procedure. complex offline transactions, Net marketplaces must offer participants the ability to communicate all of their needs and take into consideration multiple criteria beyond price such as availability, quality and quantity. As purchases become more complex, participants require the ability to produce customized offers that benefit both the supplier and buyer. The NegotiatedExchange@TheMoment addresses customers' needs for the procurement of complex goods and services. To optimize negotiation terms, the @TheMoment negotiated exchange product provides buyers with an advanced tool -- a Preference Function -- to both accurately represent purchasing managers A Purchasing Manager is an employee within a company, business or other organization who is responsible at some level for buying or approving the acquisition of goods and services needed by the company. in the automatic negotiation process as well as assist in the decision-making process of suppliers' bids. The product delivers these capabilities and more to buyers seeking to automate To turn a set of manual steps into an operation that goes by itself. See automation. the procurement process, reduce the buy/sell cycle and lower procurement costs. The latest module of the @TheMoment Dynamic Trading Suite(TM), NegotiatedExchange@TheMoment rounds out a comprehensive dynamic commerce solution that addresses both the buy-side and sell-side needs of Net market makers and brick-and-mortar companies. "Utilizing the @TheMoment Dynamic Trading Suite, our customers are able to implement a comprehensive trading strategy In finance, a trading strategy (see also trading system) is a predefined set of rules to apply. Usually, this refers to a means used to replicate an option in order to give it an arbitrage free value in the sense that the cost of buying some financial assets to give the same ," added Goldberger. "Leveraging the flexibility of our product suite, customers are empowered with the ability to employ the market type of their choice to sell their goods and services to customers at the right price." About @TheMoment, Inc. @TheMoment, Inc. is the premier enabler of dynamic commerce. @TheMoment's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. -- the @TheMoment Dynamic Trading Suite -- enables Net market makers to utilize a variety of dynamic pricing models including auctions, negotiated exchanges, and "live" bid/ask (Nasdaq-style) trading. The comprehensive offering is delivered via a hosted model allowing Net marketplaces to speed their time to market, reduce costs and focus on domain expertise. Headquartered in San Mateo, Calif., @TheMoment is funded by VantagePoint Venture Partners, Reuters Greenhouse Fund, TIBCO Software Tibco Software Inc. is a software company, with headquarters in Palo Alto, California. Tibco sells business process management and business integration software. History Vivek Ranadive founded the company as Teknekron Software Systems (TSS) in 1985. (Nasdaq:TIBX TIBX Tibco Software Incorporated (NASDAQ symbol) ), Tarrant Venture Partners, Comdisco Ventures, and other strategic investors. Additional company information is available at www.themoment.com. @TheMoment and the @TheMoment logo are trademarks of @TheMoment, Inc. Other trademarks are registered trademarks and the properties of their respective owners. |
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