ContractorHub.com Chooses Netfish to Provide XML Foundation; Joint Agreement to Enable Seamless Business Process Integration for the Construction Industry.Business Editors/High-Tech Writers WASHINGTON--(BUSINESS WIRE)--June 7, 2000 A/E/C A/E/C Architect/Engineer/Contractor Systems 2000-- ContractorHub.com, a leading business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) e-marketplace for the construction industry, and Netfish Technologies, Inc., a leader in XML-based B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. solutions, today announced a joint agreement to provide integration of industry-leading B2B solutions to the construction industry through ContractorHub.com. Using the Netfish XDI (XRI Data Interchange) An emerging OASIS standard for data exchange and synchronization on the Internet. XDI is based on the OASIS XRI digital identifier standard for i-names and i-numbers (see XRI and i-name for details). (TM) eProcess(TM) platform as the core infrastructure for delivering targeted value-added services, ContractorHub.com will integrate and optimize a variety of business processes, from real-time e-procurement, logistics/distribution management and invitations to bid, to inventory checking, online payment processing and more. "Netfish offers an impressive, proven approach to B2B data exchange on the Internet, capable of handling the business processes of multiple trading partners and clients," says Darryl Lewis, Co-founder and Executive Vice President of ContractorHub.com. "XDI eProcess complements our unique exchange format and is expected to substantially augment ContractorHub.com's systems integration (SI) strategy, enabling contractors, subcontractors and suppliers to unify and streamline business processes and reduce duplication of effort." ContractorHub.com chose the Netfish Technologies(TM) XDI eProcess platform in part for its significant time-to-market advantages. Actuating cross-platform integration of comprehensive marketplace services, the technology will enable seamless XML-integration with partnering industry solutions such as Timberline timberline, elevation above which trees cannot grow. Its location is influenced by the various factors that determine temperature, including latitude, prevailing wind directions, and exposure to sunlight. cost estimating and accounting solutions, Schneider shipping and logistics solutions and Actrade Capital's unsecured revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility. The XDI eProcess platform will also facilitate the SI services that ContractorHub.com offers to companies that want to leverage existing core business processes, providing custom solutions for seamless interaction between the Hub and existing upstream and downstream processes. Within ContractorHub.com, bill-of-materials information produced from existing legacy systems will automatically build the Request for Quotation A Request for Quotation (referred to as RFQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products and/or services. An RFQ typically involves more than the price per item. (RFQ RFQ Request For Quote RFQ Request For Quotation RFQ Request for Qualifications (part of a potential client's preliminary selection process) RFQ Radio Frequency Quadrupole (accelerator technology) ). Purchase orders and invoices--today created automatically in ContractorHub.com--will feed into accounting systems and inventory management systems. This streamlining and optimization of current business processes brings potentially the most positive impact on the bottom line for contractors, suppliers and owners. "We are pleased by ContractorHub.com's endorsement of our XDI eProcess platform, and look forward to working with them to create innovative and integrated B2B applications for their marketplace customers," said Jim Dills, Vice President of the Net Markets Business Unit at Netfish. "This partnership furthers our mission to enable customers, manufacturers and suppliers to seamlessly automate their business processes while transacting directly over the Internet." The Netfish XDI eProcess platform is a unique set of business tools and services that makes it easy for eMarketplace operators to implement and administer advanced B2B services. The Netfish XDI Process Hub builds on Netfish's backend integration and collaborative workflow technology Workflow technology is a new field of software products designed to improve the design of information systems. It involves use of workflow engine to execute models of processes. The models can be edited by persons not experienced in programming (e.g. to enable end-to-end B2B process integration. The Netfish XDI Process Hub is supported by a Resource Library of industry-specific XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. business documents, an update service for the Resource Library, open distributed directory services, end-to-end security for B2B transactions and customizable trading partner profiles and workflows. Combined with the extensive support offered by Netfish's Professional Service Organization, e-marketplace operators have everything they need to unify their customers' incompatible 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. , EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together. and 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. systems, facilitate any-to-any electronic business document exchange security over the Internet and automate and manage the workflows for complex B2B transactions. ContractorHub.com seeks to remove the fragmentation inherent in today's construction processes through implementation of new-generation Web technologies and industry alliances with leading technology and service providers. The Hub enables contractors and suppliers to trim transactional costs and reap time savings while leveraging traditional work processes. About Netfish Technologies Netfish Technologies is a leading provider of highly scalable XML-based process integration solutions used by the world's top internet-enabled companies, such as Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform Communications and Sun Microsystems, to enable B2B eCommerce with their customers, suppliers and partners. In 1999, Oracle Corporation named Netfish Technologies as one of the "Top 50 eBusiness Solution Developers on Oracle" and one of the top four "Most Innovative eBusiness Solution Developers on Oracle". In 2000, UPSIDE magazine named Netfish Technologies as one of the "UPSIDE Hot 100" private companies, recognizing the company's innovation, leadership and performance in the business-to-business category. Founded in 1997, Netfish is based in Santa Clara, CA. Visit www.netfish.com for more information. About ContractorHub.com ContractorHub.com is a B2B e-commerce exchange that improves the procurement and invitation to bid processes for the construction industry. ContractorHub.com's comprehensive exchange gives contractors the most efficient method for procuring materials and services. For suppliers, wholesalers and manufacturers, ContractorHub.com provides access to an established customer base. Since its inception in 1999, ContractorHub.com has attracted a core group of general contractors, large subcontractors and suppliers. Headquartered in Kirkland, Washington, the company has offices in Los Angeles, San Francisco, Houston and Atlanta. For more information, please visit ContractorHub.com on the World Wide Web at www.contractorhub.com. The company can be reached at 425/828-3690. ContractorHub.com is a trademark of ContractorHub.com. Netfish Technologies, eProcess, and XDI are trademarks of Netfish Technologies, Inc. All Rights Reserved. Other brands and product names are trademarks of their respective owners. |
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