Commerce One Delivers Desktop Commerce to the Global Marketplace; Ignites Buy-Side Electronic Commerce Through New Products, Functionality and Customers.NEW YORK--(BUSINESS WIRE)--April 27, 1999-- On the heels of last month's announcement of the world's largest, open business-to-business marketplace, Commerce One today unveiled plans to bring comprehensive commerce services to the desktop of every user within an organization through Desktop Commerce. Specifically, Commerce One announced new products, partners and customers to ignite buy side 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. With this news, Commerce One brings unprecedented buy-side commerce functionality, advanced business intelligence, pricing and rapid deployability to businesses of any size for an easy, cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. way to participate in e-commerce. In a series of announcements made today, Commerce One unveiled: Two new versions of Commerce One BuySite 5.0, Desktop Commerce Application: Commerce One BuySite 5.0 Enterprise Edition, a complete, high-performance, aggressively priced e-commerce solution that enables large enterprise organizations to measure the success of their e-commerce initiatives; and Commerce One BuySite 5.0 Hosted Edition, a hosted version of BuySite made available to small- and mid-sized companies and vertical industries through partnerships with leading market makers; Unprecedented Functionality including the addition of Marketplace Intelligence for strategic commerce; Four new BuySite customers: Booz-Allen Hamilton Hamilton, city, Bermuda Hamilton, city (1990 est. pop. 3,100), capital of Bermuda, on Bermuda Island. It is a port at the head of Great Sound, a huge lagoon and deepwater harbor protected by coral reefs. , Promus Hotels, The SABRE Group and Computer Solutions & Finance Group (CSF Cerebrospinal Fluid (CSF) Analysis Definition Cerebrospinal fluid (CSF) analysis is a laboratory test to examine a sample of the fluid surrounding the brain and spinal cord. ). "The key to unleashing the potential of business-to-business e-commerce is making these solutions available to the maximum number of participants through dramatically reduced costs and enhanced technology," said Mark Hoffman, 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 Commerce One. "BuySite 5.0 sets a new precedent in e-commerce applications by offering businesses of every size a low-cost, rapidly-deployable solution that enables them to make very strategic decisions about their purchases and their trading partners. Bringing Desktop Commerce to the global marketplace changes the game for buying organizations entirely: businesses can be up and running in a matter of weeks, employees are empowered to conduct more comprehensive transactions right from their desktop, and management is capable of making strategic business decisions using advanced marketplace intelligence." Defining Desktop Commerce Requirements Commerce One continues to lead the market in identifying and delivering superior e-commerce solutions to the marketplace. "Desktop Commerce" brings together a complete set of commerce services and delivers it to users' desktops through one unified web-based application See Web application. . By doing so, more organizations and their employees are able and enticed to participate in robust e-commerce, thereby increasing the overall value of the Internet marketplace See vertical portal and Web hub. for all participants. This phenomenon will ignite electronic commerce to move from the early adopter stage to the mass adoption stage. New BuySite Solutions BuySite 5.0 is designed to provide buying organizations of any size with a purchasing application that can be rapidly deployed within an organization in weeks (versus the traditional 12 month deployment length of competitive offerings), giving companies unprecedented functionality and performance at a highly competitive price. Previously only available to large organizations, the functionality of BuySite Enterprise Edition will now be accessible by small- and mid-size companies through the hosted edition of BuySite. As a result, these small- and mid-sized organizations will be able to cost-effectively reap the benefits of e-commerce to reduce business costs and improve trading partner relations. Unprecedented Functionality Commerce One BuySite 5.0 provides buying organizations with a functionally rich solution that delivers more commerce services direct to the desktop than any other application on the market. This full suite of commerce capabilities includes all the requisitioning needs to obtain 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. , the booking of all travel arrangements, and expense report management. Additionally, by providing employees with a simple, intuitive user interface that supports all of their e-commerce activities through one entry point, use of the application (and therefore its value) is significantly increased. Maximum Accessibility: Rapidly Deployed, Priced Right For Everyone Unlike competitive e-procurement solutions that take far too long to deploy within an organization, BuySite's open architecture allows for rapid deployment as well as easy integration within corporate 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. systems such as SAP, Oracle and PeopleSoft, to rapidly and effectively leverage the purchasing, accounting and supplier payment capabilities already available. As a result, buying organizations can now implement a desktop commerce system within weeks (versus months) using BuySite. In addition, BuySite sets a new precedent in affordability: BuySite Enterprise Edition is priced lower than competing enterprise solutions and BuySite Hosted Edition brings dramatically reduced rates through a subscription-based model to enable the largest possible number of electronic commerce participants. Advanced Marketplace Intelligence to Enable Strategic Purchasing BuySite enables businesses to transform purchasing into a strategic competitive advantage through Advanced Marketplace Intelligence which is extracted from the e-commerce system. Intelligence about internal buying behavior, supplier performance, and marketplace efficiency is delivered via key performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. , or Commerce Performance Indicators, which a typical business can use to gauge the success of its e-commerce initiatives. 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, 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 can use this Advanced Marketplace Intelligence to "tune" the performance of their e-commerce initiatives to derive greater value from the electronic marketplace and a distinct competitive advantage. BuySite Momentum With over 20 enterprise customers representing $161 billion in annual purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. to date, Commerce One is the leader in the buy side electronic commerce market. Commerce One today announced additional acceptance of Commerce One BuySite with the announcement of four new customers including: Booz-Allen Hamilton, global management and technology consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a ; Promus Hotel Corporation Promus Hotel Corporation was a hotel management and franchise company from Memphis, Tennessee. History Promus Hotel Corporation's beginnings are tied to the original Holiday Inn company in Memphis, Tennessee. , one of the world's premier lodging Lodging or holiday accommodation is a type of accommodation. People who travel and stay away from home for more than a day need lodging mainly for sleeping. Other purposes are safety, shelter from cold and rain, having a place to store luggage and being able to take a companies; SABRE, a world leader in the electronic distribution of travel-related products and services and a leading provider of information technology solutions for the travel and transportation industry; Computer Solutions & Finance Group (CSF), a leading 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. systems integrator An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. of multi-vendor computer products and services. (See related customer announcements issued today) 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 at http://www.commerceone.com. -0- Note to Editors: 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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