Commerce One Announces the Release of C1 BuySite 3.0 for Enhanced Electronic Procurement Across the Enterprise; C1 BuySite 3.0 Offers Industry-Leading Business Rule and Workflow Compliance and Capabilities.NEW YORK--(BUSINESS WIRE)--April 28, 1998--(iEC Conference and Exposition, Booth No. 904) Commerce One, Inc., the leading supplier of real-time business-to-business Internet commerce and electronic procurement solutions, today announced the release of C1 BuySite(TM) 3.0 Electronic Procurement Application. This new version of C1 BuySite offers enhanced capabilities to streamline and manage the procurement of all products and services necessary for business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets including industrial supplies, capital goods Capital Goods Any goods used by an organization to produce other goods. Notes: Examples of capital goods include office buildings, equipment, and machinery. See also: Capital Expenditure, Disinvestment Capital goods , contracted labor, office supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work"). and information technology. To deliver to customers the most comprehensive and flexible approach to business rule compliance, C1 BuySite is now integrated, and bundled with, FileNET's Panagon Visual(TM) WorkFlo software to enhance the automation of requisition routing and approval, as well as the enforcement of business rules. With C1 BuySite, customers are now able to leverage industry-leading workflow from FileNET, or workflow delivered by their ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. system. (See today's Commerce One/FileNET announcement.) C1 BuySite's architecture is based on industry standard tools and technologies including Microsoft(R) Active Server Page See ASP. technology. Unlike pure Java Refers to initiatives from Sun that specify 100% compliance with its Java specification. The goal is to maintain a consistent, single interface for Java so that all Java Virtual Machines can run all Java programs. See Holy Grail. applications, C1 BuySite offers a truly thin browser client to maximize performance for both remote and desktop users. This version of C1 BuySite will also leverage the Commerce Interchange Pipeline (CIP (1) (Common Isochronous Packet) The packet format used in time-based (real time) FireWire transmission. See FireWire, IEC 61883 and mLAN. (2) (Common Industrial P ), Microsoft's Site Server-based, protocol-independent transaction framework developed for the electronic exchange of business information among partners within a business-to-business electronic procurement trading community. Commerce One leverages Microsoft server technologies The following is a list of Microsoft server technology. File System
"BuySite 3.0 offers enhanced functionality that meets the needs of our enterprise class customers," said Chuck Donchess, vice president of marketing and business development, Commerce One. "New functionality, including integrated industry-leading workflow from FileNET, ensures that customers can enable and control desktop requisitioning, leverage corporate spend and reduce costs. "This new release of BuySite, tightly integrated with FileNET and ERP systems such as SAP R/3, allows our customers to automate the procurement of indirect 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. better than any other solution on the market." Commerce One recently announced major customers including the County of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Pacific Gas & Electric (PG&E), that will deploy C1 BuySite in conjunction with Commerce One's extranet-based electronic commerce network (C1 ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. ), to automate their product selection and sourcing, requisition creation, routing and approval process, order submission, order status and freight and logistics tracking. "Commerce One's BuySite, in conjunction with C1 ECN, will enable both large suppliers and small Los Angeles County businesses to offer their products to County departments on an equal basis," said Chrys Varnes, electronic commerce project director, Internal Services Department, Los Angeles County. "The BuySite solution also provides an easy-to-use interface that will enable the County's purchasing managers and requisitioners to easily and quickly conduct comparative practices. County departments can obtain pricing and availability online, in real-time, and quickly select the supplier that will best meet their needs. With a purchasing budget of $700 million dollars, this is significant." C1 BuySite 3.0 Electronic Procurement Application Commerce One's C1 BuySite Electronic Procurement Application, in conjunction with C1 ECN, is the first solution to fully automate the process of goods and services procurement. Unlike competitive offerings, C1 BuySite automates the "requisition-to-order" and the "order-to-fulfillment" process, thereby completely automating the commerce chain. C1 BuySite is browser-accessible, not Java-based, which enables desktop requisitioners, and procurement card users at remote sites, to execute purchasing tasks with the same level of performance, tracking and control as on-site users. -0-
C1 BuySite includes the following capabilities and features:
-- An open architecture incorporating the C1 Integration Object for
rapid back office integration, including "out-of-the box"
integration with OEM partner procurement applications such as SAP
R/3
-- Browser-based, easy-to-use Web application based on Microsoft's
Active Server Page Technology
-- Dual user interface for casual requisitioners and power users
-- Support for multiple requisition order types including products
services contracted labor and capital goods
-- Allows users to compare products and prices, obtain competitive
quotes and comply with competitive bid policies
-- Standards-based workflow including automated routing and approval
process and the enforcement of key business rules associated with
the purchasing process
-- End-to-end, real-time support for transactions from selection
through quotes, orders, inventory availability, order
reconciliation, order submission, and status and tracking,
-- Microsoft Site Server integration, support for Commerce
Interchange Pipeline
-0- C1 BuySite utilizes leading security technologies to ensure the integrity of communications between the application components. Microsoft security, which includes RSA encryption (cryptography, algorithm) RSA encryption - A public-key cryptosystem for both encryption and authentication, invented in 1977 by Ron Rivest, Adi Shamir, and Leonard Adleman. Its name comes from their initials. The RSA algorithm works as follows. technology, provides a robust security infrastructure and a variety of security options to ensure communications between Commerce One's C1 ECN and the trading community are completely secure. C1 BuySite is currently available by calling Commerce One at 800/308-3838. FileNET's Panagon Visual WorkFlo software is now available integrated, or bundled with, BuySite at no additional cost to customers. About C1 ECN (Electronic Commerce Network) C1 ECN provides a real-time link between an enterprise and its trading community, while providing the secure, reliable and mission-critical environment necessary for both organizations. C1 ECN provides a solution for a business' entire spectrum of suppliers and customers, requiring as little as an ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. connection and a content administration tool for suppliers to participate. Built on the MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. Internet backbone and an open, standardized architecture, C1 ECN provides an "extranet" environment ideal for executing seamless, real-time transactions via the C1 ECN-hosted C1 REOS REOS Regulated Emergency Oxygen System REOS Rare Earth Oxysulfide REOS Remote Electrical Optical Sensor (in situ light based system for remote monitoring of nuisance algae in reservoirs) Transaction Server. C1 REOS systems are highly available and scalable with 24 x 7 support. About Commerce One Commerce One, Inc. develops, licenses and markets the Commerce Chain Solution which enables companies to maximize profitability by automating the transaction and procurement process between trading partners. Based in Walnut Creek, California Walnut Creek is a largely affluent suburb several miles east of Oakland in Contra Costa County, California, USA, in the East Bay region of the San Francisco Bay Area. While not as large as the neighboring Concord, Walnut Creek serves as the business and entertainment hub for the , Commerce One is privately held, and backed by an investment team that includes SAP America, Canaan Partners, Morgan Stanley Ventures, Foundation Capital, WI Harper Group and European Technology Fund. Commerce One has strategic partnerships with Microsoft, Inc. (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 : MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ), SAP, Price Waterhouse, Ernst & Young and MCI (NASDAQ: MCIC MCIC Macedonian Cultural and Information Centre (UK) MCIC Missing Children Investigation Center MCIC Managed Care Information Center MCIC Manitoba Crop Insurance Corporation MCIC Macedonian Center for International Cooperation ). Mark Hoffman, co-founder and former 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 Sybase, is Commerce One's president and CEO and is supported by an industry-leading management team of senior executives from top technology companies. Additional information on Commerce One is available by calling 800/308-3838 or via the Internet at http://www.commerce-one.com. -0- Note to Editors: Commerce One is a registered trademark and Commerce Chain, C1 BuySite, C1 SupplySite, C1 ECN and C1 REOS are trademarks of Commerce One, Inc. All other company names and product names are trademarks or registered trademarks of their respective companies. CONTACT: Commerce One Ben Kaplan, 510/941-4366 ben.kaplan@commerce-one.com or The Horn Group Valdis Hellevik, 415/905-4012 vhellevik@horngroup.com |
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