Commerce One BuySite 3.1 Electronic Procurement Application Now Available.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.--(BUSINESS WIRE)--July 7, 1998-- Business Editors/Computer Technology Writers New Release Supports Microsoft's Commerce Interchange Pipeline; Offers Enhanced Functionality for Business-to-Business Electronic Procurement Commerce One Inc., the global leader in web-based electronic procurement solutions that link buying and selling organizations in real-time trading communities, today announced the general availability of Commerce One BuySite 3.1 Electronic Procurement Application. Commerce One BuySite is the first electronic procurement solution to embed Microsoft's Site Server 3.0 Commerce Edition, and offer full support for the Microsoft 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 )(See today's Commerce One/Microsoft announcement). As a result, enterprise organizations can now purchase a fully-integrated, open, standards-based electronic commerce solution to 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 . By embedding 1. (mathematics) embedding - One instance of some mathematical object contained with in another instance, e.g. a group which is a subgroup. 2. (theory) embedding - (domain theory) A complete partial order F in [X -> Y] is an embedding if Microsoft Site Server 3.0 Commerce Edition, Commerce One BuySite 3.1 enables businesses to integrate with other line-of-business applications, map to traditional EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. formats and thereby maximize their IT investment in various platform technologies. In addition, enterprise organizations can simplify interactions with their suppliers to enable the processing of key commerce transactions such as purchase order processing and status checks. The Commerce One BuySite 3.1 web-based electronic procurement solution is designed for ease-of-use, delivers robust functionality such as workflow, and includes the recently-announced Commerce One Multi-Supplier Catalog (MSC (1) (MSC.Software Corporation, Santa Ana, CA, www.mscsoftware.com) Founded in 1963 by Richard H. MacNeal and Robert G. Schwendler, MSC is the world's largest provider of mechanical computer aided engineering (MCAE) strategies, simulation software and services. ). Additionally, Commerce One BuySite customers can gain real-time access to their suppliers via the Commerce One Electronic Commerce Network (ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. ). "Commerce One BuySite 3.1 delivers new functionality that our customers want -- rapid deployment, ease-of-use and comprehensive purchase order-to-fulfillment automation that's processed on an open transaction framework," commented Mark Hoffman, Commerce One 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. . "We believe that more applications will be written to the Microsoft Site Server Commerce Edition platform moving forward, and embedding CIP into Commerce One BuySite today ensures that our customers keep pace with the market through solutions that are compatible with existing standards." Comprehensive Purchase Order-to-Fulfillment Drives Bottom-Line Savings Commerce One Commerce Chain Suite -- comprised of Commerce One BuySite, MSC and ECN -- is the first solution to fully 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. . Through automation of interactions and transactions with external suppliers, Commerce One Commerce Chain Suite allows organizations to extend cost savings and increase the return on investment (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 standard internal procurement systems. With the recently announced pre-packed supplier content now available from Commerce One (via Commerce One ECN), enterprise procurement organizations now have immediate access to up to 90% of the supplier catalog content needed to operate their business. Additional suppliers can be added with the help of Commerce One Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. . Organizations today are looking at Commerce One for two key reasons: to lower their purchasing costs through the automation of their procurement processes, and to reduce their purchasing costs through effective supplier management. By automating the entire procurement process with Commerce One BuySite 3.1, companies can expect to reduce the cost of creating and processing a purchase order between 50 and 75%, and reduce their overall purchasing costs between 5 and 15%. These cost savings will directly impact the bottom line through increased profits. As a result, purchasing organizations can expect to achieve significant ROI within the first year of system implementation. Commerce One BuySite Electronic Procurement Application In addition to providing support for Microsoft Site Server 3.0 Commerce Edition, Commerce One BuySite 3.1 includes the following features: -0-
-- Enhanced reporting capabilities for administration and
procurement activity analysis, enabling customers to track
systems usage, analyze purchasing trends and measure
supplier performance.
-- Line item purchase assignment to separate cost centers for
improved management of purchases and the ability to assign
expenditures to the appropriate department(s).
-- Improved performance.
-- An open architecture allowing for rapid back office
integration, including turn-key integration with enterprise
applications such as SAP R/3.
-- Easy-to-use browser-based user interface. Support for
Microsoft Internet Explorer and Netscape Navigator.
-- Dual application interface for casual requisitioners and
purchasing agents.
-- Support for multiple requisition order types including
orders for products, services, contracted labor and capital
goods.
-- Enables comparative product and price shopping, while
providing adherence to negotiated contract terms 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.
-- High level of security including RSA encryption technology
and support of SSL.
-0- Commerce One BuySite 3.1 is available immediately by calling Commerce One at 800/308-3838 or by visiting their web site at http://www.commerceone.com. About Commerce One Commerce One Inc. is the global leader in web-based electronic procurement solutions that deliver significant cost savings and operational efficiencies to enterprise organizations by linking buying and selling organizations in real-time trading communities. Based in Walnut Creek, Commerce One is privately held, backed by an investment team that includes SAP America, Canaan Partners, Morgan Stanley 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, MCI SystemHouse MCI Systemhouse , a subsidiary of Washington, DC-based MCI Communications Corporation, was the result of the merger of Canadian company SHL Systemhouse with MCI's technical services branch. The new company was formed to provide systems integration and outsourcing services. and 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. (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 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.commerceone.com. NOTE TO EDITORS: Commerce One is a registered trademark and Commerce One BuySite, Commerce One Multi-Supplier Catalog and Commerce One Electronic Commerce Network are trademarks of Commerce One Inc. All other product and company names herein may be trademarks of their respective owners.
CONTACT: Commerce One
Susan Dwyer, 925/941-4386
susan.dwyer@commerceone.com
or
The Horn Group
Peter Olson, 415/905-4008
polson@horngroup.com
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