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ChannelAdvisor Releases New Version of ChannelAdvisor Merchant Software; Latest Functionality Automates High Volume Sellers' Ability to Accelerate Sales for Online Marketplaces.


Business Editors/High-Tech Writers

RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C.--(BUSINESS WIRE)--May 5, 2003

ChannelAdvisor Corporation, the leading provider of enterprise solutions for online marketplaces, today announced the next generation of its self-service marketplace management software, ChannelAdvisor Merchant, designed to give mid-size businesses and top-tier "powersellers" 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.
 way to manage and grow sales on eBay (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
: EBAY) and other online marketplaces. The new release adds significant functionality to automate To turn a set of manual steps into an operation that goes by itself. See automation.  these processes for companies using accounting package QuickBooks and fulfillment ful·fill also ful·fil  
tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils
1. To bring into actuality; effect: fulfilled their promises.

2.
 carriers such as UPS Worldship and FedEx. In addition, advanced scheduling enhancements and the automation of eBay's Second Chance offer feature is included in this release.

ChannelAdvisor Merchant is true enterprise-class software, offering streamlined auction and marketplace management to help companies increase sales and productivity while reducing cost. This solution enables high-volume sellers to leverage the power of the software platform used by the leading Enterprise sellers on eBay like IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Motorola and Sears. Key enhancements in this release include:

Direct support for Accounting and Fulfillment Systems -- Reduces time, effort and duplicate data-entry for popular business applications such as QuickBooks, FedEx and UPS Worldship. Each day accounting reports and shipping reports are generated for direct import for sales reconciliation, invoicing, label generation and fulfillment.

Advanced Scheduling -- The new yield/velocity maintain schedule is based on the recovery rate for a particular item. Recovery rates are based on "% of Starting Price starting price n (COMM) → precio inicial

starting price nprix initial

starting price start n (at auction
 Reached", "% of Buy-It-Now Price Reached", "% of Seller Cost Recovered", or "% of Retail Cost Recovered". These recovery rate percentages are calculated using the price fields found on the associated inventory item records and the closing data from the previous ten days worth of listings for an item.

Personal Offer -- Allows companies to extend a "Second Chance Offer" to eBay buyers that did not win the auction, but were the highest underbidder on the item. This new feature allows the user to automate the Personal Offer process.

These new features build on ChannelAdvisor Merchant's core platform tailored for companies selling in excess of $20,000 per month via online marketplaces, including support for multiple users with different roles and permissions, inventory control, integrated payment processing and robust performance reporting. A self-guided tour A self-guided tour is where one navigates a route themselves as opposed to an escorted tours where a tour guide person directs the route, times, information, and places toured. Many self-guided tours come with suggestions, maps, instructions, directions, and items to see or do.  of the new capabilities within ChannelAdvisor Merchant is available at: http://www.channeladvisor.com/tour/tour.asp.

"These new features and enhancements combined with the enterprise-class software makes Merchant the leading self-service auction management solution available for small businesses and powersellers," said Scot Wingo, chief executive officer and president of ChannelAdvisor. "ChannelAdvisor Merchant is the only auction management solution that gives companies the ability to double their sales while reducing their cost."

"ChannelAdvisor Merchant is a much more professional package than anything we've seen so far. The user interface is simpler, easier. And it simplifies a lot of the processes that we need to run our business," says David Schultz There are a number of articles with the title Dave, or David Schultz:
  • David D. Schultz, a Nostalgia Super Stock racer
  • David D. Schultz, a golf player
  • Dave Schultz (hockey player), a retired professional ice hockey player
, Chief Operating Officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
, IEPVisions Enterprises.

About ChannelAdvisor Corporation

ChannelAdvisor provides technology and services that enable industry-leading companies, small businesses and individuals to use online marketplaces to acquire customers and maximize inventory yield. Our solutions combine best practices, innovative software applications and integration technology to dramatically accelerate marketplace performance. ChannelAdvisor's clients and strategic alliances include IBM, Dell, Sears, Motorola, Toro Toro may refer to:
  • Denominación de Origen Toro, the Spanish wine region
  • Toró, the nickname of Rafael Ferreira Francisco, Brazilian football (soccer) player
, eBay, Yahoo! and Amazon. ChannelAdvisor Corporation is headquartered in Research Triangle Park, NC. For more information visit http://channeladvisor.com/.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 5, 2003
Words:549
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