Commerce One Launches Market's First Global Hosted Commerce Solution; Provides Affordable E-Commerce Onramp to Businesses of Any Size.NEW YORK--(BUSINESS WIRE)--April 27, 1999-- In a move designed to drive mass adoption of business-to-business e-commerce, Commerce One, Inc. today unveiled BuySite 5.0 Hosted Edition, an extranet procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. application provided through third-parties to deliver "Desktop Commerce" to small- and mid-sized businesses worldwide. BuySite Hosted Edition will allow market makers to offer users the same capabilities as BuySite 5.0 Enterprise Edition (announced separately today) at a dramatically reduced price. This provides small- and mid-sized businesses with access to the easiest, most affordable onramp for 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. with their key suppliers. It also provides hosting vendors with a new sales channel and the ability to expand into new marketplaces to achieve better buying rates for all participants. Commerce One also announced today that 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. ), a leading UK 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, will use Commerce One BuySite Hosted Edition to enable its customers to purchase online. As a result, CSF customers will be able to automate To turn a set of manual steps into an operation that goes by itself. See automation. their purchases by accessing the CSF electronic catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. via a web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. and placing orders faster and easier than ever before. CSF plans to offer a free trial of its online purchasing service to its 2,000 strong customer base. (For more information, see CSF press release on Commerce One web site.) "The inevitable explosion of business-to-business commerce has been delayed because of two critical hurdles: cost and technical barriers. BuySite Hosted Edition provides businesses of all sizes with a low-cost, rapid-entry commerce onramp that we think will absolutely ignite the adoption of e-commerce," 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 Hosted Edition also presents an entirely new sales channel for the market makers that host the solution. They can now deliver a comprehensive, rich purchasing application to enable businesses to not only conduct online purchasing, but - through our MarketSite.net portal - link directly to their key suppliers, all within a matter of minutes A Matter of Minutes is an episode from the television series The New Twilight Zone. Cast
Market makers that purchase BuySite Hosted Edition can expand into new marketplaces by aggregating their buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. to achieve lower purchasing costs for all participants. In addition to reducing costs, small- to mid-sized buying organizations that subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; a market maker's system can - within minutes - begin to conduct trading with key suppliers. Small and Mid-Sized Business Benefits: Comprehensive Commerce in 30 Minutes BuySite Hosted Edition provides businesses of all sizes with a low-cost, rapid-entry on-ramp to e-commerce. Businesses that participate pay an ongoing, low-cost fee to the market maker that hosts the BuySite application, and - using only a web browser - can gain access to their key suppliers (using the MarketSite commerce portal). Businesses can get up and running faster than ever before using this service, often conducting e-commerce with their suppliers in a matter of minutes. In addition, buying organizations do not have to contend with software installation or maintenance, since the BuySite Hosted Edition software resides with the market maker host. Additionally, businesses can leverage BuySite Hosted Edition to tap the aggregated power of related small- and mid-sized businesses to optimize their purchasing supply chain and thereby saving money. Businesses within the same vertical can have Hosted BuySite customized for their particular industry needs, giving them the ability to control costs in often highly specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. areas. Host Benefits Market makers that purchase and offer access to the BuySite extranet purchasing solution gain access to a new community of customers and thereby a unique new service differentiator. Benefits include: Expansion into new marketplaces. Large companies whose main clientele today is Fortune 1000 companies can expand their business into the small and medium business marketplace, giving them a cost-effective way to enter this marketplace outside of their direct sales force model. Expanded service line into existing customers. Market makers can now offer a unique e-commerce purchasing service to support their customer needs that differentiates them from the competition. New revenue opportunities by optimizing the document transaction process between small and medium business and their suppliers. Opportunities for market makers within a vertical segment to maintain their market leadership by offering industry-specific e-commerce functionality to their customers. Immediate Availability BuySite Hosted Edition is available with the release of BuySite 5.0 for market makers interested in establishing a hosted purchasing service. For more information, contact Commerce One. About Commerce One Commerce One is the leading provider of electronic commerce solutions that dynamically link buying and supplying organizations into real-time 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 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. 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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