Clarus Presents SupplierUniverse: First Free Trading Network for B2B E-Commerce.ATLANTA--(BUSINESS WIRE)--Aug. 25, 1999-- --Accelerating the creation of a free trading community by eliminating participation costs-- Clarus Corporation (Nasdaq:CLRS CLRS Center for Labor Research and Studies CLRS Central Launch and Recovery Section CLRS Claims Legal Research System ) announced today the first cost-free trading network created to encourage widespread usage and mass adoption of 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 ) electronic procurement. This new offering, called SupplierUniverse(TM), is designed to eliminate challenges of trading online by allowing buyers and suppliers to have more control over their trading relationships. Clarus SupplierUniverse(TM) reduces barriers of adoption for B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. initiatives and provides a virtual bridge between suppliers and buyers for a subscription fee of $995 per customer site per month. Trading partners simply register once to enable the exchange of catalog content and business-to-business transactions. Vendors participating in SupplierUniverse(TM) will register at no charge, list an index of their commodities and post a description of their business, enabling retention of their competitive differentiation. SupplierUniverse(TM) combines the many-to-many architecture of the Internet and a highly distributed business model to facilitate a true trading network and maximize the bottom line 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). of Web purchasing solutions. 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. Steve Jeffery, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president of Clarus, the new SupplierUniverse(TM) initiative is the first supplier-friendly trading program void of any participation or transaction fees, allowing vendors of non-production 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. easy access to companies purchasing via the Internet. "Our goal is to facilitate a true trading network and not to introduce added control over the trading between buyers and their suppliers," says Jeffery. "SupplierUniverse(TM) is based on an open model supporting all major catalog data formats, eliminating boportal for managing trading profiles. -- SupplierXchange(TM) -- a distributed XML-based application that ative B2B services, including supplier catalog osted by an application service provider (ASP). It automatically leverages trading information captured in Succurate. Buyers benefit from the SupplierUtary B2B services. SupplierUniverse(TM) is the Clarus Commerce solution that leverages the catalog architectuc procurement. The service will be hosted by an industry to support information about vendor prkup Language (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. ) industry standard and Microsoft BizTalk Framework See BizTalk. specifications to enable seamless, near sites of suppliers -- such as Dell's build-your-own-computer model. SupplierUniverse(TM) will support outso include order transformation, logistics trackimmerce strategy will be an aggressive initiative for "zero-capital" electronic procurement. Through this proge fees. Companies will pay only a monthly subscver, its built-in Web Server, as well as MicrosCommerce, Clarus(TM) Fusion, enables seamless iapplications in two sessions, both on August 26 connect large populations of employees, management and suppliers with continuous planning, monitoring and control of resources, which can result in a dramatic impact on the bottom line. Clarus delivers its e-commerce solutions via direct and indirect channels and offers innovative "zero capital" models to service very large to medium and small sized companies. The company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Clarus eProcurement, is being used at more than 20 sites for customers including MasterCard International, MetLife, First Data Corporation, Hyatt Regency and 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; , with planned deployment to more than 120,000 employees. THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS 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 THE ANNOUNCEMENT MAY NOT OCCUR. Clarus and SupplierUniverse is a trademark 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. EDITOR'S NOTE Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : Please visit www.claruscorp.com to view all Clarus news releases. For questions from suppliers about joining SupplierUniverse, please call 800/437-0734. |
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