Commerce One Announces BuySite 5.0 to Enable Desktop Commerce for Large Enterprises; Enhanced Buy Side Application Enables Strategic Purchasing and Unprecedented ROI.NEW YORK--(BUSINESS WIRE)--April 27, 1999-- A cornerstone cornerstone Ceremonial building block, dated or otherwise inscribed, usually placed in an outer wall of a building to commemorate its dedication. Often the stone is hollowed out to contain newspapers, photographs, or other documents reflecting current customs, with a view to of its effort to deliver "Desktop Commerce" to the global marketplace, Commerce One, Inc. today unveiled Commerce One BuySite(TM) 5.0 Enterprise Edition for Global 1000 corporations. Designed to drive maximum 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. participation within large enterprises, BuySite's unparalleled functionality, rapid deployability, affordable pricing and advanced marketplace intelligence enables businesses to drive maximum e-commerce participation for achieving superior 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). from their e-commerce investment. Today's announcement unveils numerous enhancements to the BuySite solution, as well as strategic relationships with several leading business partners, including: -0-
-- Cognos(R), a leading business intelligence company, to provide
Advanced Marketplace Intelligence for organizations to derive
maximum value from their e-commerce system and enable strategic
purchasing decisions;
-- Extensity, Inc., a leading developer of web-based enterprise
applications, to provide integrated expense management
capabilities for increased efficiency, control and tracking of
corporate spending resulting in reduced costs.
-0- "Businesses now have the ability to automate To turn a set of manual steps into an operation that goes by itself. See automation. 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 faster and centralize cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. all e-commerce services at one location for the end-user (job) end-user - The person who uses a computer application, as opposed to those who developed or support it. The end-user may or may not know anything about computers, how they work, or what to do if something goes wrong. . This enables them to make strategic decisions about the quality and performance of their trading partners as well as their internal buying habits," said Chuck chuck a hand grip to be attached to intramedullary pins to enable the surgeon to rotate or drive them into bone. Donchess, vice president of marketing and business development, Commerce One. "BuySite delivers a comprehensive suite of commerce services direct to the desktop to ensure that the maximum number of employees will participate in e-commerce. By implementing Desktop Commerce through BuySite, purchasing managers A Purchasing Manager is an employee within a company, business or other organization who is responsible at some level for buying or approving the acquisition of goods and services needed by the company. and executives are empowered with a very robust, powerful tool to make strategic decisions that will further drive down costs and improve purchasing performance." Enabling "Desktop Commerce" With this announcement, Commerce One is delivering Desktop Commerce to drive e-commerce services to the desktop of every user in the enterprise for all significant categories of indirect activity -- from 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. through travel and entertainment and, with this announcement, expense management. Its primary value is derived de·rive v. de·rived, de·riv·ing, de·rives v.tr. 1. To obtain or receive from a source. 2. from maximum participation in online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. : the rapid growth of buyer and seller participation leads to the online availability of more goods at lower prices that buyers can select, thereby enhancing the ROI that an enterprise can achieve. BuySite 5.0 Enterprise Edition delivers the most comprehensive suite of commerce services direct to the desktop to cover the entire purchasing cycle from requisition-to-order-to-payment. In combination with a simple, easy-to-use interface, BuySite's complete set of e-commerce services satisfies all users' needs and entices them to return back to the application for future e-commerce activities. This drives the e-commerce participation level within the enterprise to new levels leading to better control and leverage over the internal and external factors associated with their purchasing processes. In addition, BuySite provides direct connectivity A generic term for connecting devices to each other in order to transfer data back and forth. It often refers to network connections, which embraces bridges, routers, switches and gateways as well as backbone networks. to MarketSite.net, Commerce One's open business to business marketplace portal, enabling all employees to integrate seamlessly with suppliers and the flourishing flour·ish v. flour·ished, flour·ish·ing, flour·ish·es v.intr. 1. To grow well or luxuriantly; thrive: The crops flourished in the rich soil. 2. Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . BuySite's rapid deployability coupled with MarketSite.net significantly reduces the time needed for an enterprise to participate in the e-commerce explosion. As a result, more people will begin to buy and sell in a shorter period of time leading to increased value for all participants. Comprehensive E-Commerce Solution BuySite 5.0 Enterprise Edition provides buying organizations with a functionally rich solution that delivers more commerce services direct to the desktop than any other application on the market. -0-
Key enhanced capabilities include:
-- Selection and Requisitioning of Goods and Services
-- Easy search and selection of goods and services from BuySite's
multi-supplier catalog using Microsoft SQL Server 7.0.
-- Booking and management of travel and entertainment via Sabre
Business Travel Solutions, a hosted travel management solution
integrated with BuySite 5.0.
-- Submittal and management of expense reports via Extensity Expense
Reports, a partner solution integrated with BuySite 5.0.
-- Real-time connectivity to suppliers via MarketSite.net to tap
directly into each vendor's inventory management system to
ascertain product pricing and availability.
-- Favorites for bookmarking frequently ordered catalog items and
for creating personal and global requisition templates.
-- Attachments
-- Integrated tax and freight calculations via TaxWare and TanData
partnerships respectively.
Approvals
BuySite's workflow system enables organizations to model their
internal approval processes within BuySite for maximum control and
leverage with key features such as multi-level approvals, delegation,
and graphical workflow.
-- Open API capabilities enable corporations to integrate with
existing workflow systems to leverage existing investments.
Additionally, Commerce One and Keyfile announced today that
KeyFlow would now be available as an additional option for
customers who want to leverage the Microsoft Exchange
infrastructure.
-- Tracking. Users can track the status of their packages enroute
using MarketSite.net's integrated tracking service provided by
TanData and UPS.
-- Receiving. BuySite users can receive goods and services directly
at their desks and can record information about a supplier's
performance for later review by purchasing managers and
executives.
-- Payment. BuySite facilitates purchasing card reconciliation using
American Express or GE Capital Financial to trigger automated
payment.
-0- Advanced Marketplace Intelligence Enables Strategic Purchasing BuySite's advanced set of marketplace intelligence tools enables purchasing managers and business executives to analyze an·a·lyze v. 1. To examine methodically by separating into parts and studying their interrelations. 2. To separate a chemical substance into its constituent elements to determine their nature or proportions. 3. all marketplace factors affecting their e-commerce initiatives including supplier performance, corporate buying trends, and marketplace activity. Until now, other solutions on the market have delivered only basic reporting capabilities around internal buying statistics. This does not provide an accurate view of an organization's e-commerce activities and the impact of other trading partners on the business. With BuySite, businesses are provided with a complete picture of the e-commerce marketplace of which they are a part. This enables them to effectively "tune" the performance of their e-commerce activities, such as negotiating better supplier contracts and managing inventory levels more wisely, to further streamline streamline, path of a fluid flowing steadily and without appreciable turbulence. A body is said to be streamlined if its shape offers the least possible resistance to a current of air, water, or other fluid. purchasing and increase savings. -0-
Critical enhancements include:
-- Advanced Marketplace Intelligence. Through a partnership with
Cognos, BuySite captures, mines and analyzes all marketplace data
and presents it in an easy-to-understand manner that enables
managers to make strategic decisions about their purchasing
processes.
-- Commerce Performance Indicators. Through Cognos' robust set of
OLAP tools, BuySite provides analysis of internal Buyer Commerce
Performance Indicators (i.e., total dollar spend, on/off contact
spend, yearly spend for forecasting purposes) as well as Supplier
Commerce Performance Indicators (i.e., supplier performance,
quality of service, contract analysis) to enable better
management and decision-making regarding e-commerce initiatives.
-0- "We are pleased to be working with Commerce One to deliver advanced business intelligence capabilities to the BuySite, Desktop Commerce Application, and believe our combined solutions will enable organizations to make better decisions," said Ted Jandl, vice president of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. partner channel sales. "As a leader in the business intelligence software market, we're we're Contraction of we are. we're we are excited to be the first vendor to partner with a leader like Commerce One to bring the power of business intelligence to the businesses that participate in online commerce." Rapid Deployability Deploying a purchasing application quickly is key to being able to capture more spend, more quickly through the system, in turn enabling businesses to realize their ROI in a much shorter period of time. BuySite 5.0 can be deployed in an enterprise within weeks - not the traditional 12 month implementation time required by other enterprise purchasing applications. BuySite can be deployed rapidly due to the following enhancements: -0-
-- Smart Forms. Smart Forms takes a forms-based approach to easily
extending and customizing BuySite 5.0 to fit into an enterprise's
business processes.
-- Commerce Connectors. BuySite's ERP Commerce Connectors enable
quick integration with existing business systems from ERP vendors
including SAP, PeopleSoft, Oracle, Indus, and Informs.
Additionally, Commerce One announced today that they have
received certification for integration with PeopleSoft to speed
implementations with the PeopleSoft Purchasing module.
-- Rapid Connectivity to Suppliers via MarketSite.net. When used in
conjunction with Commerce One's open, business to business
marketplace, MarketSite.net, BuySite provides customers with a
real-time transactive channel to their suppliers along with
standardized content from a multitude of suppliers. This
preconfigured supplier channel along with prepackaged catalog
content significantly speeds the deployment of an e-commerce
system from months down to weeks.
-0- "We are amazed a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. at how quickly we were able to deploy Commerce One BuySite," said Deb Kunkler, Idaho Idaho (ī`dəhō), one of the Rocky Mt. states in the NW United States. It is bordered by Montana and Wyoming (E), Utah and Nevada (S), Oregon and Washington (W), and the Canadian province of British Columbia (N). Power's manager of procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. . "In just eight weeks time we were up and running and transacting with our suppliers through the system." Pricing and Availability Commerce One BuySite 5.0 Enterprise Edition is available immediately. Pricing ranges from $500,000 to $2.5 million. Note to Editors: In a separate release issued today, Commerce One also announced the availability of Commerce One BuySite 5.0 Hosted Edition, an extranet A Web site for customers rather than the general public. It can provide access to research, current inventories and internal databases, virtually any information that is private and not published for everyone. procurement application provided through third-party service providers, to provide BuySite's rich capabilities to small- and mid-sized businesses worldwide. About Commerce One Commerce One is the leading provider of electronic commerce solutions that dynamically link buying and supplying organizations into 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. trading communities. The Commerce Chain Solution by Commerce One, comprised of Commerce One BuySite and Commerce One MarketSite, enables companies to significantly reduce operational costs and increase efficiency by automating the entire indirect goods and services supply chain. As a result, enterprise organizations are able to realize a strategic competitive advantage as well as a rapid return on investment. Commerce One is located in Walnut Creek Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. , Calif. and can be reached by phone at 800/308-3838 or 925/941-6000 or via the 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 at http://www.commerceone.com. Commerce One, Commerce Chain, BuySite, BuySite Enterprise Edition, BuySite Hosted Edition and MarketSite are either trademarks or registered trademarks of Commerce One. Other product and company names mentioned herein might be the trademarks of their respective owners. |
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