Accenture Chooses eB2B Commerce to Help Deliver Electronic Trade Exchange Capability.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--March 27, 2001 eB2B Commerce, Inc. (NASDAQ-EBTB), the leader in business-to-business transaction management services, today announced that they have entered into an agreement with Accenture to deliver an electronic trade exchange solution to support an Accenture logistics outsourcing arrangement. The arrangement provides integration services by Accenture of eB2B Commerce's best-of-breed services. Working with eB2B Commerce, Accenture will provide its client with enhanced services, technology, implementation solutions and experience that will help manage transactions with trading partners. Accenture selected eB2B Commerce to support both electronic commerce connectivity and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. services. As part of the agreement, eB2B Commerce will provide automation of transactions, simplifying the complex movement and integration of trading documents. eB2B Commerce serves a number of clients who have recognized significant savings such as Verizon Communications
Verizon Communications, Inc. ; retailers and sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport specialists such as Best Buy Co., Inc. and Spalding Sports Worldwide, Inc.; and healthcare chain store retailers including Rite-Aid, Inc., Duane Reade, Inc. and Eckerd's. Bradford Gruby, partner at Accenture, commented, "We are delighted to be working with eB2B Commerce, to deliver a solution that will simplify the exchange of electronic data." "We're truly excited about this agreement", commented Alan Andreini, 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. and President of eB2B Commerce. "Forming business relationships with companies like Accenture, lets our customers leverage global experience. And with the market increasingly demanding turn-key solutions and new sales methods, our efforts with Accenture will help provide that solution today." About eB2B Commerce eB2B Commerce is the leading provider of solutions that automate the exchange of trading documents between large and small partners. Manual, paper-based transactions can be replaced by electronic ones through eB2B's Trade Network(TM) and Trade Gateway(TM) facilities. This ensures buyers and suppliers can seamlessly and automatically transact business using the technology and infrastructure best suited to their individual requirements (EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. , XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. , POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale , ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , Web, etc.). Improving the management of trading partner relationships enhances productivity, customer service and bottom line profitability on both sides of the trading equation. eB2B Commerce is based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. with an emphasis on key vertical markets including Chain Drug, Sporting Goods, Toys, as well as General Merchandise customers. Clients include Rite-Aid Corporation, Eckerd's, Spalding Sports Worldwide, Inc., Toys R Us, Inc. Best Buy Co., Inc., Verizon Communications, Linens N Things, Inc. and thousands of small and mid-size enterprises. For more information please contact eB2B Commerce at 212-703-2000 or at our web site www.eb2b.com. Certain statements contained in this news release which are not based on historical facts are forward-looking statements, as the term is defined in the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995, and are subject to uncertainties and risks that may cause actual results to materially differ from projections. Although eB2B.com believes that its expectations are reasonable assumptions within the bounds of its knowledge of its business operations, there can be no assurance that actual results will not differ materially from its expectations. |
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