BizBuyer.com Reports Impressive 35%-40% Savings On Long Distance Service for Small and Mid-Size Businesses Through Online B2B Marketplace.SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif.--(BUSINESS WIRE)--Dec. 6, 1999-- Significant Savings Illustrate the Power of Purchasing Business Products and Services Through Buyer-Driven Auction Site BizBuyer.com (http://www.bizbuyer.com), the leading online business-to-business marketplace that connects buyers and sellers of business products and services, today reported that small and mid-size businesses are saving an average of 35%-40% on their monthly long distance bill after switching their service to a more competitive provider found through BizBuyer.com. Since the category's launch in August, small and mid-size businesses have put an impressive $10 million in long distance business out for bid to pre-qualified vendors through BizBuyer.com's buyer-driven marketplace. BizBuyer.com currently has more than 15,000 vendors bidding for business across 53 product and service categories. With premier long distance partners such as Qwest Communications
The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements by allowing small and mid-size businesses to put their product and service needs out for bid to pre-qualified vendors. Buyers are saving valuable time and money in the purchasing process by receiving customized competitive quotes from qualified vendors within minutes, compared to hours or days in the offline world. The service is free to buyers and allows them to review comprehensive buying guides, compare customized quotes and make informed purchasing decisions while remaining anonymous to the vendor throughout the purchasing process. "I spent months researching the ins and outs ins and outs pl.n. 1. The intricate details of a situation, decision, or process. 2. The windings of a road or path. of finding the right long distance service for our business," said Darlene Boyd, manager at Keith Boyd Insurance based in Johnson City Johnson City. 1 Village (1990 pop. 16,890), Broome co., S N.Y., in a tricity area including Endicott and Binghamton; inc. 1892. It has been noted for its Endicott-Johnson shoes. , Ill. "Through BizBuyer.com, I was able to submit a quote request for long distance services and within minutes I received five relevant quotes. After comparing quotes, we ultimately finalized a deal with a company in California. Bizbuyer.com saved me time, money and introduced me to a quality vendor that I may not have met otherwise." "BizBuyer.com buyers are clearly ready to do business with our vendors," said Paolo Consiglio, senior vice president of marketing and commerce for BizBuyer.com. "The organic growth of our long distance category mirrors what we are observing throughout our other category offerings. BizBuyer.com buyers trust us to connect them with qualified vendors through an unbiased and neutral marketplace that has been developed specifically to streamline the purchasing process. The phenomenal growth of our long distance category illustrates that small and mid-size businesses are embracing the Web as a necessary tool for conducting business on a daily basis." Founded in September 1998 by Bernard Louvat, BizBuyer.com has rapidly grown into the leading business-to-business marketplace for small and mid-size businesses. Louvat's idea for BizBuyer.com came to fruition out of frustration with the procurement process while setting up shop for Office Depot Office Depot (NYSE: ODP) is one of the world's leading suppliers of office products and services. The Company's selection of brand name office supplies includes business machines, computers, computer software and office furniture, while its business services encompass copying, and the Disney Store in Europe. His vision has turned BizBuyer.com into a one-stop-shop for businesses to efficiently and effectively buy and sell business products and services in Internet time In the early days of the public Internet, Internet time referred to the breakneck speed with which companies scrambled to gain traffic and market share on the Web. A new business could come and go within a matter of weeks. . Since the launch of the site in June 1999, the company has grown to 53 product and service categories with over 15,000 vendors bidding on the purchasing needs of small and mid-size businesses. Strategic partnerships include Qwest Communications, PSINet, UUNET (UUNET Technologies, Inc., Fairfax, VA, www.uunet.net) Founded in 1987, UUNET was the first commercial Internet service provider. Originally offering e-mail and news, it became a full Internet service organization providing dial-up and leased line accounts as well as archive space for and PageMart Wireless. The BizBuyer.com Community The BizBuyer.com community revolves around the simple idea of connecting buyers with qualified vendors. Buyers and sellers are brought together through an online marketplace that allows small to mid-size businesses to find qualified sellers, compare quotes and make informed purchasing decisions, saving valuable time and money. For the first time, buyers have the opportunity to drive the purchasing process by anonymously reviewing vendor qualifications and other members' reviews before requesting contact with the vendor. Buyers do business with the vendors they choose under their own terms. For vendors, BizBuyer.com provides qualified sales leads, reduces customer acquisition cost and expands sales capacity. About BizBuyer.com Headquartered in Santa Monica, Calif., with offices in Silicon Valley, BizBuyer.com is the leading business-to-business marketplace where buyers and sellers meet to buy and sell business products and services. The site offers small to mid-size businesses an online marketplace from which to purchase products and services through competitive quotes from thousands of pre-qualified vendors. The BizBuyer.com community currently offers more than 15,000 vendors registered to quote on 53 product and service categories from 16 vertical markets. These include: computer services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP. and equipment, telecommunication services, Internet services, business consulting, IT consulting, travel and transportation, insurance, 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. , HR and personnel services, office services, legal services legal services n. the work performed by a lawyer for a client. , office equipment and supplies, real estate services, sales, marketing and creative services Creative Services are a subsector of the creative industries, a part of the economy that creates wealth by offering creativity for hire to other businesses. Examples include:
 To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Dean Witter Ventures,
US Venture Partners and a host of angel investors that include
eBay's Meg Whitman.
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