Clarus and MetraTech Announce Integrated Billing and Settlement for Digital Marketplaces.Business Editors, Technology Writers ATLANTA--(BUSINESS WIRE)--Dec. 5, 2000 Digital Marketplace Buyers and Sellers to Benefit from Value Added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. Transaction Services Clarus Corporation, (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 and MetraTech(R), the web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. billing solution provider, today announced an alliance agreement and relationship which will enable both companies to work together to co-market and deploy each others applications to their respective clients. This alliance enables digital marketplaces to increase liquidity and accelerate profitability by providing integrated billing, revenue management, payment, and settlement for trades and trade-related services. Buyers and sellers can now complete transactions without leaving a digital marketplace site. In addition, the companies also announced a strategic partnership and co-marketing agreement to leverage one another's organizations for comprehensive market coverage. The integration of billing and settlement enables the digital marketplace to go beyond the matching of buyer and seller, and offer value added services that seamlessly facilitate the trade. Using the combined solution, the digital marketplace can bill for the trade, track and bill for trading services, and settle all elements of the trade. "Together, MetraTech and Clarus are delivering on the promise of digital marketplaces -- seamlessly completing transactions online, in real-time," said Scott Swartz, president and 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. of MetraTech. "Without integrated billing and settlement, you don't have a sustainable revenue model -- you're simply introducing buyers and sellers. The integrated solution gives digital marketplaces a path to profitability." Increasing profitability through high value trading services Digital marketplaces can increase profitability by offering fee-based services related to the trade. Taking advantage of the integrated billing and settlement solution, marketplaces can now deploy complementary high value services to buyers and sellers such as credit, escrow, payment, settlement, and logistics. "Our marketplace customers have wanted to offer high value trading services...to better serve their buyers and sellers, and to prove their business models," said Steve Jeffrey, president of Clarus Corporation. "With the integration of MetraTech and Clarus Settlement, they'll have a world class solution tailored to their needs." Competitive differentiation through partnerships Offering trading services requires digital marketplaces to manage revenue sharing revenue sharing Funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. among their partners. Even though each business partnership is structured differently, the marketplace must automate the management of revenue sharing, commissions, and split transactions. The combined solution from MetraTech and Clarus enables automated management of agile business models. About MetraTech MetraTech accelerates profitability for business service providers with the first web services billing and revenue growth solution. MetraTech's native 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. platform enables business model agility, mass customization, and revenue realization. Customers use MetraTech to rapidly deploy new business models and services for strategic differentiation and unprecedented responsiveness. The platform seamlessly integrates with existing business processes to extend the assets of existing systems. Customers include application and business service providers (ASP/BSP), enhanced communications service providers, and digital marketplaces. MetraTech's solution can be licensed or outsourced via the Internet. For additional information, visit www.metratech.com or call 781-839-8300. About Clarus Atlanta-based Clarus 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, ClarusNet enhances the value and speeds delivery of any B2B trading platform including Clarus(TM) eProcurement and Clarus eMarket(TM). 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, AvidXchange, HispanB2B, 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. MetraTech is a registered trademark, and the MetraTech logo is a trademark of MetraTech Corp. All rights reserved. Other brands or products mentioned are trademarks or registered trademarks of their respective owners. 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 THIS ANNOUNCEMENT MAY NOT OCCUR. 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion