Commerce One 5.0 Delivers Complete Source-to-Pay Solutions on New Business Process Management Platform.Business Editors/High-Tech Writers PLEASANTON Pleasanton, city (1990 pop. 50,553), Alameda co., W Calif., a suburb of the San Francisco–Oakland area, in a vineyard and dairy region; inc. 1894. Wine and cheese are produced, and there are publishing and stone-quarrying industries. , Calif.--(BUSINESS WIRE)--Jan. 29, 2002 Visibility and Control Across Enterprise Sourcing and Procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. Key to Short-Cycle Return on Investment Commerce One (Nasdaq:CMRC CMRC Canadian Motosport Racing Club CMRC Commerce One Inc. (stock symbol) CMRC Caribbean Marine Research Center CMRC Crime Mapping Research Center CMRC Credit Management Research Centre (UK) ), the Business Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the Company, today announced the release of Commerce One 5.0(TM), a new suite of collaborative col·lab·o·rate intr.v. col·lab·o·rat·ed, col·lab·o·rat·ing, col·lab·o·rates 1. To work together, especially in a joint intellectual effort. 2. sourcing and procurement solutions built on Commerce One's unique collaborative platform. The new suite provides full automation of enterprise source-to-pay processes, while also enabling deep connections between an organization and its trading partners. Designed for implementation on a modular basis, the Commerce One 5.0 suite provides a lower cost of entry and enables customers to focus on key areas, such as procurement, sourcing and auctions, to help achieve short-cycle return on investment. The suite also enables customers to continue building and expanding their e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. capabilities over time by adding new modules and platform capabilities. "With 5.0, we are combining best-of-breed The best product of its type. Organizations often purchase software from different vendors in order to obtain the best-of-breed for each application area; for example, a human resources package from one vendor and an accounting package from another. solutions for automating sourcing and procurement, and a collaborative platform that links applications within the enterprise and makes them accessible to trading partners," said Mark Hoffman, chairman 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 Commerce One. "Building these bridges for collaborating and transacting with trading partners is vital to reducing the costs of doing business." Commerce One 5.0 combines premier e-commerce buying applications, Commerce One Buy(TM) and Commerce One Source(TM), with the Commerce One Collaborative Platform(TM), a unique work flow and business process management platform that links applications to support business processes within and across enterprises. Customers can develop business process flows tailored for their unique enterprise, industry, region and trading partner requirements, without costly customization. "The business process management enhancement to the Commerce One platform provides key capabilities sorely sore·ly adv. 1. Painfully; grievously. 2. Extremely; greatly: Their skills were sorely needed. lacking in the market," said Pierre Pierre (pēr), city (1990 pop. 12,906), state capital (since 1889) and seat of Hughes co., central S.Dak., on the east bank of the Missouri River, opposite Fort Pierre; inc. 1883. Mitchell Mitchell, city (1990 pop. 13,798), seat of Davison co., SE S.Dak.; inc. 1881. Mitchell is a trade, distribution, and shipping center for a dairy and livestock area. , research director, AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Research. The combination of leading-edge automation solutions for the procurement process, along with the capability to forge forge Open furnace for heating metal ore and metal for working and forming, or a workshop containing forge hearths and related equipment. From earliest times, smiths (see smithing) heated iron in forges and formed it by hammering on an anvil. connections between buyers and suppliers, has delivered significant return to Commerce One customers. "With Commerce One solutions, Eastman Chemical integrates into suppliers' order processing systems for fast order entry 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. ," said Eddie Page, manager, eMRO, Eastman Chemical. "We've we've Contraction of we have. we've have reduced the cost of materials by five percent, shortened short·en v. short·ened, short·en·ing, short·ens v.tr. 1. To make short or shorter. 2. order cycle times from over a week to 24 hours, lowered administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. and improved inventory practices to realize an overall return of 126 percent in under 10 months." Commerce One 5.0 Commerce One 5.0 includes Commerce One Source, Commerce One Buy and the Commerce One Collaborative Platform. Commerce One Source Commerce One Source, available today, is a comprehensive solution that provides visibility and control across the entire strategic sourcing process. Source capabilities include:
RFx Templates
RFx templates allow buyers to build complex bid packages. Buyers
can split orders between various suppliers, bundle line items and
specify quantitative mapping for qualitative responses. Suppliers
can bid on partial or complete packages.
Negotiation
The negotiation feature, including both single and multi-round
capabilities, enables structured one-on-one negotiation.
Quotation Analysis
Quotation analysis supports "what if" scenarios and allows
comparison of bid packages, qualitative responses, and bundled
packages.
Supplier Performance Management
Supplier performance management provides supplier scorecards that
give performance reports, ratings and categorization, supplier
listings, performance analysis reports, and price tracking.
Sourcing Activity Reporting
The sourcing activity-reporting feature delivers capabilities
ranging from basic process activity reports to spend and
performance analysis by line item, commodity, and supplier.
Auction
Commerce One auction handles a variety of auction types and bids
to source anything from commodity items to complex engineered
goods. Reverse auction supports both strategic and ad hoc sourcing
efforts, with interactive bidding functionality for direct and
indirect goods and services. Enhanced multivariable bidding allows
buyers to analyze incoming bids by rank, weight and user-defined
formulas.
Sourcing Intelligence
The sourcing intelligence module enables in-depth,
multi-dimensional spend and performance analysis, ensuring
enterprises have the information required to develop an effective
sourcing strategy. Using sourcing intelligence, buyers can analyze
spending by commodity, supplier, project, or contract.
Contract Management
Contract management addresses the entire lifecycle of the
contract, providing tools for creation, review, negotiation, award
and management. Information from the RFx process is automatically
populated into a contract. Analysis tools improve contract
compliance through supplier performance ratings for attributes
such as price, delivery and quality. Planned availability for the
Contract Management module is Q2, 2002.
Commerce One Buy Commerce One Buy powers 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. for employees across the enterprise, ensuring purchases are for the right items, for the right reason, and at the right price. Modules include:
Procurement
The procurement module automates the entire purchasing cycle
through real-time, inter-enterprise collaboration, including
purchasing approval controls, order visibility and tracking.
Procurement supports multiple currencies, languages, data formats,
and taxes, and is designed to integrate seamlessly with
back-office legacy systems.
Contract labor
Contract labor provides the workflows and business rules to
monitor and control contingent labor spending, including time and
expense processes, approvals, payment terms and visibility over
enterprise-wide contractor usage.
Auction
Commerce One auction supports spot-sourcing for indirect and
direct goods as well as services, enabling supplier selection
based on multiple variables. Auction helps companies drive optimal
pricing through open-market bidding and then automatically creates
purchase orders from winning bids.
Invoice Management and Payment
The invoice management and payment module streamlines the complete
invoice-to-payment process, eliminating costs and inaccuracies
associated with re-keying invoice information. It helps improves
cash flow through the strategic management of payment terms and
speeds dispute resolution through real-time information exchange
between buyers and suppliers.
Supplier Self-Service
Supplier self-service makes it simple for suppliers to manage
online catalogs, pricing and orders through a browser, eliminating
supplier cost-of-entry issues and supporting virtually any
supplier content infrastructure.
Trading Partner Connectivity
Trading partner connectivity speeds integration with trading
partners' legacy systems by enabling direct, system-to-system
communication between buyers and suppliers. Real-time information
exchange cuts costly delays and reduces manual steps to drive
efficiencies in all aspects of buyer-supplier collaboration and
transactions.
Commerce One Collaborative Platform The Commerce One Collaborative Platform extends Commerce One Buy and Commerce One Source by orchestrating and integrating e-commerce activities and business processes within and outside the enterprise. The Collaborative Platform uniquely supports the critical capabilities to enable e-commerce -- business process management, buyer-and-supplier transaction management, enterprise application integration 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 integration. Platform capabilities include:
Community Manager
The community manager provides the tools to manage collaboration
and information with a community of business partners. It enables
customers to create, maintain, and scale a supplier portal to
support end-to-end buying processes.
Process Manager
The process manager tailors workflows to support industries,
companies, and individual supplier relationships. It helps to
construct simplified, repeatable processes across the enterprise,
creating the opportunity for new levels of efficiency, best
practices, contract compliance, and ROI.
Web Services Framework
The web services framework provides tools to leverage applications
with a network of trading partners. It also allows buyers to
leverage the many web services available through Commerce
One-powered e-marketplaces, such as payment and logistics.
Transaction Manager
The transaction manager provides the messaging, routing, security,
and connectivity required to automate business processes and
transactions between different systems within and across
businesses. Based on a secure and scalable routing infrastructure,
it ensures that mission-critical documents securely reach the
intended recipient.
XML Common Business Library(TM) (xCBL(R)) standard
xCBL is the foundation of the Commerce One platform, providing the
common language and business context needed to exchange
information and orchestrate processes between applications and
trading partners. It is a library of business documents for key
transactions and is rapidly emerging as the common language for
online business document exchange. OASIS, a leading
interoperability standards body, selected xCBL as the starting
point for UBL (Universal Business Language) -- expected to be the
global standard for Web-based commerce.
EAI/Connector
The suite of connectors and tools allows the integration of
Commerce One solutions with legacy applications. These connectors
allow enterprises to incorporate existing enterprise data into new
procurement and sourcing activities, making all relevant
information available for decision-making.
Business Intelligence Framework
The flexible business intelligence framework collects and analyzes
data across applications to optimize spend analysis and contract
compliance. It also enables buyers to analyze processes and rate
suppliers based on past performance.
Transaction-Ready Supplier Network With Commerce One 5.0, organizations also gain extraordinary flexibility for discovering and transacting with suppliers that are already "e-commerce capable." Through Commerce One.net, a Web-based network for trading partners, enterprises running Commerce One 5.0 gain immediate, free access to over 1,700 transaction-ready suppliers, representing many of the world's top companies. Commerce One 5.0-enabled enterprises can also access more than 150,000 suppliers on the Global Trading Web(TM) (GTW GTW Gateway, Inc. (stock symbol) GTW Global Trade Watch GTW Grand Trunk Western (railroad) GTW Gatwick Airport GTW Global Trading Web (Commerce One B2B-platform) ), the world's largest supplier network, through Commerce One.net. The Global Trading Web provides quick access to suppliers in specific industries or regions. From manufacturing to utilities, to business services, the GTW delivers suppliers to meet the needs of a wide range of organizations. Mark Hoffman, chairman and CEO of Commerce One continued, "Commerce One 5.0 positions us extremely well to deliver the capabilities enterprise customers need to drive efficiencies in their purchasing processes 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 delivering the 5.0 suite in modular components, we are giving customers a lower cost point of entry, along with a clear, long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. roadmap A roadmap may refer to:
About Commerce One Commerce One (Nasdaq:CMRC) is the Business Internet Company. Through its software, services, and global network of interconnected enterprises and e-marketplaces, Commerce One enables organizations to reduce costs and drive productivity by automating business processes between buyers and suppliers. Visit www.commerceone.com for more information. Forward Looking Statements This press release includes 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 the securities laws. These forward-looking statements discuss the anticipated success and competitive strength of Commerce One's new suite of applications and other products, and the potential benefits for Commerce One customers of such products and of access to the Global Trading Web. Among the potential benefits attributed to Commerce One 5.0 and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. other Commerce One products, are the following: the improved management of sourcing, negotiation and business processes; shortened order and product-to-market cycles; lower administrative costs; improved inventory practices; reductions in the cost of goods and services; improved return on investment; faster production cycles through better communication, negotiation, and contract compliance; the potential for improved collaboration Working together on a project. See collaborative software. with suppliers throughout the bidding process; real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. interactive bidding; effective integration with existing supply chain applications; coordination coordination /co·or·di·na·tion/ (ko-or?di-na´shun) the harmonious functioning of interrelated organs and parts. co·or·di·na·tion n. 1. The harmonious adjustment or interaction of parts. of sourcing processes across multiple organizations and multiple software applications; the ability to conduct multi-dimensional spend and performance analysis; and general improvement in operational efficiencies. Benefits attributed to the Global Trading Web include fast access to a large number of suppliers in particular industries or regions. The words "believe," "expect," "intend," "plan," "project," "will" and similar phrases as they relate to Commerce One are intended to identify such forward-looking statements. These statements reflect the current views and assumptions of Commerce One, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. These factors include, but are not limited to, the following: the timing and size of customer demand for Commerce One applications; the potential that Commerce One 5.0 may not operate as effectively as expected; the possibility that other Commerce One 5.0 and other products may not meet user expectations; various external factors, including economic conditions, that may impact demand for Commerce One 5.0 or the results obtained by particular customers; potential problems as to the cooperation between Commerce One and its partners, or among the parties who use the products; the possibility that the Global Trading Web may fall short of user expectations; and uncertainty regarding the outcome of UBL (Universal Business Language) A format for exchanging data from one XML business language to another. Based on ebXML Core Components, UBL is designed to provide a common language that acts as an intermediate vocabulary so that one XML vocabulary can interoperate with as the global standard for Web-based commerce. The information provided in this press release is current as of the date of its publication. Commerce One expressly disclaims any obligation to release publicly any updates or revisions ReVisions is a 2004 anthology of alternate history short-stories. It is edited by Julie E. Czerneda and Isaac Szpindel. Contents Title Author The Resonance of Light James Alan Gardner Out of China Julie E. to any forward-looking statements to reflect any changes in expectations, or any change in events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or on which those statements are based, unless otherwise required by law. For a discussion of these and other risk factors that could affect Commerce One's business, see "Risk Factors" in Commerce One's filings with the Securities and Exchange Commission, including its quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended September September: see month. 30, 2001. Commerce One, Powering the Business Internet, Many Markets. One Source., Commerce One Source, Commerce One Buy, Commerce One Collaborative Platform, Community Manager, Process Manager, 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. Framework, Transaction Manager, Business Intelligence Framework, 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. Common Business Library, Global Trading Web, GTW, Commerce One.net, xCBL xCBL XML Common Business Library , and SupplyOrder are registered marks, trademarks or service marks of Commerce One Operations, Inc. All other company, product, and brand names are trademarks of their respective owners. |
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