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BroadVision Brings Community and Content Management to Buy-Side E-commerce; New B2B Applications Enable Corporations to Manage the Entire E-commerce Value Chain.


Business Editors, Internet Writers

REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--Aug. 1, 2000

BroadVision, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:BVSN BVSN Broadvision, Inc. (stock abbreviation, AMEX) ) today announced two new applications that enable customers to manage business relationships within the entire e-commerce value chain. The BroadVision suite of e-commerce applications manages the interactions between an enterprise and its customers and suppliers. With the introduction of the new BroadVision MarketMaker(TM) and BroadVision Procurement(TM) applications, BroadVision now provides the unique ability to buy, sell and exchange on a single integrated e-commerce platform.

"Sell-side e-commerce applications manage the relationship between a company and its customers, but until now the integrated communication to suppliers has been missing," said Rani ra·ni also ra·nee  
n. pl. ra·nis also ra·nees
1. The wife of a rajah.

2. A princess or queen in India or the East Indies.
 Merritt, executive vice president and general manager of worldwide marketing at BroadVision. "Our new procurement and market maker applications, combined with our existing, award-winning product line, give our customers the power to manage business relationships within the supply chain."

BroadVision, with the introduction of its new procurement and market maker applications, is the first to market with a solution that can help companies manage both buy-side and sell-side e-commerce by offering a complete suite of modular applications that are designed to work with one another.

"As exchanges and e-Markets mature, Aberdeen has noted that the leading sell-side vendors are increasingly well-positioned to provide solutions that allow net market makers to offer a complete marketplace environment. BroadVision is the first leading sell-side vendor to provide a buy-side technology focus. Providing a full suite of e-commerce applications capable of powering a company's entire value chain should resonate with those enterprises seeking a single e-Business supplier," said Kent Allen, senior analyst, e-business at Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. .

Introducing BroadVision Procurement(TM) and BroadVision MarketMaker(TM)

BroadVision's existing sell-side e-commerce products are award-winning, proven applications that enable companies to interact with customers and other constituencies in a personalized, one-to-one manner. The new BroadVision Procurement and BroadVision MarketMaker applications bring some of the same fundamental relationship management capabilities, along with a comprehensive set of supplier management features. These new products, designed to work with all existing BroadVision applications, enable companies to reach from their existing storefronts, back through the supply chain to completely automate their businesses.

BroadVision MarketMaker, a next generation exchange application that enables Net market makers and enterprises to create dynamic global trading communities that connect buyers to suppliers across the extended value chain. Based on the highly successful BroadVision Business Commerce application, BroadVision MarketMaker combines a proven B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce.  transaction enablement and management application with easy-to-use community building, communication and collaboration capabilities. Complete with a full suite of end-user tools for content management, site design and business rule creation, BroadVision MarketMaker supports the many-to-many market structure demanded by both horizontal and vertical net markets. This pre-tested, highly scalable package allows a company to focus on its core business, not on commerce software development. BroadVision MarketMaker is the only application with dynamic pages based on contracts, profiles, purchases; automated and facilitated cross-customer collaboration; maximize accessibility to a marketplace through wireless connectivity; 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.
 for legacy system integration; and real-time publishing. The new application supports multiple transactions types, including catalog pricing, RFQ RFQ Request For Quote
RFQ Request For Quotation
RFQ Request for Qualifications (part of a potential client's preliminary selection process)
RFQ Radio Frequency Quadrupole (accelerator technology) 
, RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system.

1. (business) RFP - Request for Proposal.
2.
 and negotiated pricing.

Customers can use BroadVision MarketMaker to:

- Enable multi-buyer/multi-seller interaction, collaboration and

trade.

- Get up and running quickly with an open, flexible commerce

process framework as well as integrated rules and workflow

utilities.

- Achieve and retain liquidity by promoting member affinity for

the marketplace.

- Ensure secure, reliable, efficient commerce all day, everyday.

- Maximize accessibility to the marketplace through wireless

connectivity.

- Expand business opportunities by providing additional services

to marketplace members.

- Add marketplace capacity quickly with BroadVision's scalable

network application architecture.

- Lower operating costs operating costs nplgastos mpl operacionales  with easy-to-use set up and

administration tools.

- Reduce transaction costs Transaction Costs

Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it).
 by using pre-established business

rules, contract relationships, and workflow processes.

- Achieve rapid ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot).  through multiple revenue streams, decrease

in cost of buyer/supplier acquisition, advanced value chain

analysis, and increased product reach and selling

opportunities.

Customers currently using BroadVision's e-commerce suite of applications for their net marketplaces include: BuildNet, Inc., e-Exchange.com, e-Greenbiz.com, e-Purchasing.nl, eRugGallery.com, idmarket.com, Online Asset Exchange and WorldMetal.com.

BroadVision also introduces BroadVision Procurement, a modular buy-side application that allows companies to automate the purchasing process Purchasing Purchasing is the formal process of buying goods and services.

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 enabling Web-based, self-service purchasing of MRO MRO

In currencies, this is the abbreviation for the Mauritanian Ouguiya.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 indirect goods from a worldwide network of suppliers. It is the only application that allows customers to choose and switch between supplier networks - including out-of-the-box connectivity with CommerceOne MarketSite.net; provides accessibility to purchasing information via the Web or wireless devices thereby increasing employee productivity and decreasing purchasing cycle time; allows real-time publishing for company-wide communication; enables delivery of personalized content to simplify the purchasing process; and supports both Solaris and HP-UX HP's version of Unix that runs on its 9000 family. It is based on SVID and incorporates features from BSD Unix along with several HP innovations.

(operating system) HP-UX - The version of Unix running on Hewlett-Packard workstations.
.

Customers can use BroadVision Procurement to:

- Automate the purchasing process through purchasing limits and

approval routing workflow.

- Give employees easy access to the products and services they

need to do their jobs.

- Expedite the purchasing process by delivering personalized

content by department or user.

- Deliver complete requisition and order visibility and

tracking.

- Significantly reduce purchasing costs and order cycle time.

- Gain control over, and visibility into, purchasing activity.

- Realize ROI with fast, efficient, thorough, and proven

processes.

- Standardize supplier relationships and leverage economies of

scale.

- Seamlessly integrate with supplier and 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
 marketplace

systems.

The ability to automate and streamline the purchasing process leads to cost savings by reducing the average cost for individual purchasing transactions. Additional cost control comes via BroadVision Procurement's rules-based workflow engine Workflow engine is a software application meant to manage and execute modeled business processes.

It is a key component in workflow technology. It will typically make use of a database server.
 that ensures employees act within established purchasing guidelines and helps eliminate employee rogue purchasing activities.

BroadVision Procurement and BroadVision MarketMaker are part of BroadVision's comprehensive suite of e-business solutions. Integrating easily with existing enterprise data systems, the applications enable companies to rapidly deploy and cost-effectively operate secure, scalable, intelligent and flexible e-business applications.

Availability

BroadVision Enterprise Procurement is available today and BroadVision MarketMaker will be available by the end of the third quarter.

About BroadVision

BroadVision develops and delivers an integrated suite of packaged, vertical applications that enable global enterprises to become more competitive and profitable by establishing one-to-one relationships with customers, suppliers and employees. BroadVision applications automate a wide range of self-service processes involving B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. , B2B, and B2E B2E Business to Employee
B2E Business to Enterprise
 transactions. An enterprise uses BroadVision applications to integrate their entire e-commerce value chain--workplace, supply, and demand--to create a thriving e-business ecosystem.

BroadVision completed its initial public offering in June of 1996. It ranks No. 2 in Business Week's IT100 list of the world's top 100 best-performing information technology companies (November 26, 1999), No. 13 in Fortune Magazine's e50 list of 50 most important e-companies (October 1999), and No. 365 in Forbes 500--the top 500 companies in the US (April 17, 2000). BroadVision is headquartered in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. , with offices and operations in more than 34 countries and over 1,000 customers throughout the world. BroadVision can be reached at 650.261.5100 or info@broadvision.com.

BroadVision is a registered trademark and BroadVision One-To-One is a trademark of BroadVision, Inc. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and other countries. Other names herein may be the property of their respective owners.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Aug 1, 2000
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