Clarus Delivers Enhanced B2B Strategic Sourcing Capabilities; Wireless and Weighted RFQ's Deliver Added Business Advantages for Buyers and Suppliers.Business Editors ATLANTA--(BUSINESS WIRE)--Sept. 21, 2000 Clarus (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 :CLRS CLRS Center for Labor Research and Studies CLRS Central Launch and Recovery Section CLRS Claims Legal Research System ), a leading business-to-business (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 ) e-commerce solution provider, today announced enhanced sourcing functionality to ClarusAuctions(TM) ClarusAuctions is an open, fully hosted B2B trading service that strengthens the ability for buyers and suppliers to strategically negotiate and secure competitive pricing for the procurement of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . The new functionality has added enhanced 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) and wireless capabilities designed for greater user control and unprecedented access to new business opportunities. ClarusAuctions provides 12 configurable auctions out-of-the-box quickly enabling rule-based dynamic pricing capabilities -- a highly configurable auctioning framework that gives companies the ability to quickly deploy custom auctions including establishing a privately branded auction site. ClarusAuctions eliminates many of the inefficiencies in the procurement process by automating the competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. process and providing communication capabilities that results in a dynamic sourcing solution. The increased functionality available with ClarusAuctions 2.1 allow auction hosts to offer a number of additional services that will further facilitate the strategic sourcing process. "The enhanced capabilities of ClarusAuctions will enable buyers and suppliers added flexibility and control to conducting strategic bidding online" stated Steve Hornyak, executive vice president and chief strategy officer of Clarus. "The wireless capabilities provide incredible value in delivering the assurance that suppliers are always in the position to effectively compete for new business opportunities." Enhanced Functionality delivered with ClarusAuctions 2.1 includes: Wireless - ClarusAuctions provides secure wireless access via phone and PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). devices for unlimited availability to just in time auction participation. The wireless capabilities provide real-time bidding and bid confirmation, out-bid notification, and customizable AuctionAlerts(TM) empowering mobile users to be certain they are in the position to competitively seize new business opportunities. The unique wireless capabilities of ClarusAuctions, offers suppliers and buyers supply chain efficiencies unavailable with other sourcing solutions. Weighted Attribute RFQ - ClarusAuctions delivers a strategic negotiation capability by extending the bidding process beyond pricing criteria. The RFQ process enables end users to define specific criteria with associated weighted importance upon which to score all supplier bids. A Clarus Score Card is generated to quickly assess the supplier bids based on the user's weightings combined with advanced economic principles. The users may utilize this sophisticated mechanism to notify and award business to the winners automatically or the user may utilize the weighted results along with additional parameters allowing buyer-determined winners and direct supplier solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual . The weighted RFQ capabilities can help automate and speed the process for complex business negotiations. Private Auctions and Bidder Anonymity - Clarus provides the opportunity to host a private branded auction site or to utilize the ClarusAuctions public auction site. The new private auctions and bidder anonymity will enable an organization the ability to utilize the public auction site immediately benefiting from the efficiencies of online auctions and dynamic pricing while maintaining controlling over the access to its business information. Private auctions allow the auction host to limit the participation in a bid to certain suppliers through secured, encrypted en·crypt tr.v. en·crypt·ed, en·crypt·ing, en·crypts 1. To put into code or cipher. 2. Computer Science access keys. Bidder anonymity will enable bidders and hosts to maintain complete confidentiality over new business potential and the associated bid process to insure the safeguard competitive information. ClarusAuctions provides a flexible user-driven strategic sourcing solution and customers have proven that it can quickly be deployed delivering rapid return on investment. AvidXchange has deployed the ClarusAuctions solution as part of its commercial real estate marketplace and has already demonstrated the significant benefits this technology will provide for its marketplace members awarding a contract for a multi-million dollar 53,000 square foot building project. "By deploying the ClarusAuctions technology, AvidXchange enters the commercial real estate marketplace with a competitive advantage," stated Mike Praeger, Chief Executive Officer for AvidXchange.com. "We are leveraging ClarusAuctions to provide our customers with competitive bidding tools to increase their exposure in the marketplace. For example, we are creating ongoing market-wide events where property managers create specialized competitive bidding opportunities for large scale jobs--arming our customers with the command of a true marketplace." ClarusAuctions and these customer case studies will be showcased during the Clarus e-Connections online seminar entitled "Bringing Strategic Sourcing to the Next Level" on October 12 at 11:00 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy and October 19 at 1:00 p.m. Co-sponsored by Microsoft, the seminar will give attendants a first-hand look at how ClarusAuctions provides proactive notification capabilities, subscription-based pricing, business independence and intelligent sourcing that can directly impact customers' bottom lines. The seminar will also provide access to an industry expert from Gartner, eBusiness Advisory Analyst Emily Andren. To register for the online event or for more information, go to www.claruscorp.com/connections or dial 1-800-437-0734 within the US. International callers should dial 011-770-291-5909. About Clarus Corp. Atlanta-based Clarus(TM) Corporation (www.claruscorp.com; NASDAQ: CLRS), a leader in business-to-business (B2B) e-commerce, provides B2B procurement software Procurement software is business software that helps to automate the purchasing function of organizations. Activities including raising and approving purchase orders, selecting and ordering the product or service, receiving and matching the invoice and order, and paying the bill is and trading services that exploit the global marketplace of the Internet to manage corporate purchasing and enable digital marketplaces. ClarusNet(TM), a fully managed service portal, provides a comprehensive range of critical trading services such as payment settlement, supplier enablement Supplier Enablement is the process of electronically connecting suppliers (or other trading partners) to a company's supply chain. Supplier enablement is achieved when suppliers of goods and services are connected to a company's back-office systems to exchange critical business , auctions, integration, and analytics. Designed to provide unprecedented interoperability The capability of two or more hardware devices or two or more software routines to work harmoniously together. For example, in an Ethernet network, display adapters, hubs, switches and routers from different vendors must conform to the Ethernet standard and interoperate with each other. , ClarusNet enhances the value and speeds delivery of any B2B trading platform including Clarus(TM) eProcurement and Clarus eMarket(TM). Microsoft recently honored Clarus with one of the highest awards possible as its Worldwide E-commerce Solution of the Year. Clarus solutions are being deployed at customer sites including Burlington Northern Santa Fe Santa Fe, city, Argentina Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal. Corp., Cinergy, Comcast Corporation, First Data Corporation, Gjensidige NOR Gjensidige NOR was a Norwegian bank and insurance company that was in existence between 1999 and 2003. The company was created when the two savings banks Sparebanken NOR (bank) and Gjensidige (insurance) were merged in 1999. , MasterCard International, MetLife, Parsons Brinckerhoff Parsons Brinckerhoff (PB) is a planning, engineering, program and construction management organization. The company has been involved in planning and designing some of the world's largest public works projects, such as Boston's Big Dig, Britain's rail system Network Rail; , Perot Systems Perot Systems Corporation NYSE: PER is an information technology services provider based in Plano, Texas. Peter Altabef has served as president, chairman, and chief executive officer since 2004. and Wachovia. THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933 AND SECTION 21E OF THE EXCHANGE ACT. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS AS A RESULT OF CERTAIN RISKS INCLUDING THAT THE BENEFITS EXPECTED BY THE COMPANY AS A RESULT OF THIS ANNOUNCEMENT MAY NOT OCCUR. Clarus and ClarusNet are trademarks of Clarus Corporation. Throughout this release, software and hardware products are mentioned by name. In most, if not all, cases, these product names are claimed as trademarks by the companies that manufacture the products. It is not our intention to claim these names or trademarks as our own. |
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