Andersen Consulting and Click Commerce Team to Improve Speed and Ease of Managing Complex Distribution, Sales and Service Networks.Business/Technology Editors CHICAGO--(BUSINESS WIRE)--May 25, 2000 New 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 eCommerce Global Alliance Focuses on "Sell-Side" Enterprise Channel Management Andersen Consulting See Accenture. today announced a global alliance with Click Commerce, Inc., a provider of Internet-based business-to-business (B2B) enterprise channel management software and services. The alliance will enable manufacturers to leverage the speed and ease of the Internet to manage complex distribution, sales and service networks. Under the alliance agreement, Andersen Consulting and Click Commerce will jointly market comprehensive enterprise channel management software and services in specific industries. By teaming Click Commerce's "sell-side" B2B software with Andersen Consulting's global reach and established client network, the two organizations aim to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the growing B2B marketplace. AC Ventures, the venture capital unit of Andersen Consulting, has purchased an equity stake in Click Commerce. Click Commerce's software enables an enterprise to create a secure, tailored Internet site - an "extranet" - that connects all of its dealers, service centers, retailers, sub-dealers and aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. service providers to facilitate sales, marketing and services. Extranets permit faster and more accurate access to real-time information concerning the enterprises' products and services and eliminate today's inefficiencies in fax, phone and other communication methods. Ultimately, this helps the enterprise deepen deep·en tr. & intr.v. deep·ened, deep·en·ing, deep·ens To make or become deep or deeper. deepen Verb to make or become deeper or more intense Verb 1. its relationships with its channel partners and provides it with a new, unencumbered Unencumbered Property that is not subject to any creditor claims or liens. Notes: For example, if a house is owned free and clear (meaning the owner owes no mortgage to anyone), it is unencumbered. view of its entire demand chain. "Joining forces with Click Commerce enhances Andersen Consulting's ability to serve clients and demonstrates our commitment to being the world's pre-eminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae B2B solutions provider," said Roy K. Phelan, Andersen Consulting partner responsible for the firm's alliance with Click Commerce. "Working together, we can help companies convert channel management from a cost to an asset by enabling them to work with -- rather than around -- their existing network of channel partners." Click Commerce chose to work with Andersen Consulting to build scale and market share faster than it could have alone, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Randy A. Gray, Executive Vice President, Business Development at Click Commerce. Gray believes that Andersen Consulting and Click Commerce can together simplify processes, bring new efficiencies to enterprises, and enter new markets and industries around the globe. About Andersen Consulting AC Ventures, the venture capital unit of Andersen Consulting, works with entrepreneurs to build companies that transform industries and generate superior economic returns. The unit provides a unique venture capital option that can help start-ups accelerate growth and market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" . Based in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. , AC Ventures expects to invest up to $1 billion globally over the next five years. Its home page address is http://www.ac-ventures.com. Andersen Consulting is an $8.9 billion global management and technology consulting organization whose mission is to help its clients create their future. The firm works with clients from a wide range of industries to bring about far-reaching change by aligning their people, processes and technology with their strategy. Andersen Consulting has more than 65,000 people in 48 countries. Its home page address is http://www.ac.com. About Click Commerce Click Commerce is a provider of business-to-business electronic commerce software and services for global enterprises. Headquartered in Chicago, Click Commerce has helped blue chip clients such as American Standard, Hyundai, Life Fitness, Mercury Marine Mercury Marine, founded in 1939, is a division of Brunswick Corporation of Lake Forest, Illinois, in the United States. Company beginnings The company began when engineer Carl Kiekhaefer purchased a small outboard motor company in Cedarburg, Wisconsin. , Mitsubishi, Motorola, Qualcomm and Trane use the power of the Internet to extend their enterprises to dealers, distributors, purchasers and consumers. For more information, contact Click Commerce at 312/482-9006 or email pr@clickcommerce.com. |
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