Softface Nets Another Internationally Prestigious Energy Sector Client.Business Editors & High-Tech Writers 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)--Jan. 14, 2002 $5 Billion South African Energy Giant Standardizes on Softface's Technology For Structured Content Creation Softface, Inc., The Enterprise Content Automation Company, today announced that The Sasol Group, one of the largest and most successful industrial companies in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. , has licensed the Softface Content Suite For Procurement Analysis(TM) to make more cost-effective purchasing decisions. Sasol is one of the largest and most successful industrial companies in South Africa. The Sasol Group of companies comprises diversified fuel, chemical and related manufacturing and marketing operations, complemented by interests in technology development. With approximately $5.4 billion in annual revenues, the company converts coal, which it mines, into synthetic fuel Synthetic fuel or synfuel is any liquid fuel obtained from coal, natural gas, or biomass. It can sometimes refer to fuels derived from other solids such as oil shale, tar sand, waste plastics, or from the fermentation of biomatter. . Sasol also exports gasoline, diesel, heating oils, and related products. Softface Content, one of the products Softface develops and markets as part of the Softface Content Suite For Procurement Analysis, leverages the industry's first technology that can turn unstructured text into precisely structured, classified content, automatically. Structured, classified content is required fuel for any enterprise-level system, including Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. , Customer Relationship Management, Supply Chain Management and eProcurement systems. With Softface's solutions, the corporate knowledge locked away in unstructured data Data that does not reside in fixed locations. Free-form text in a word processing document is a typical example. Contrast with structured data. See free-form database. throughout an enterprise can be automatically transformed into cost-saving, profit-enhancing content. Until Softface, creating structured content was a manually intensive, expensive process that could take months. "Making strategic sourcing decisions or implementing an eProcurement environment is very difficult without the right procurement information. We need to know exactly what we bought from whom, at a detail level. Like most Global 2000 companies, our procurement history comes from several systems and is filled with free-form text that contains commodity information. In order to cost-effectively consolidate the data into cleansed, normalized, and classified information, we needed an automated, scalable solution that had natural language capabilities," said Marlene Hubbard, Vice President of Procurement and Supply for Sasol Olefins and Surfactants. Olivier Sermet, 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 Softface remarked, "Sasol realized that the ability to create structured data from unstructured text automatically was of primary importance to their procurement analysis efforts. Structured data is the fuel of every enterprise system in the world, including analysis engines. Even before Sasol attended training for Softface Content, they installed Softface Content and successfully classified over 57,000 purchased items to the UNSPSC UNSPSC Universal Standard Products and Services Classification UNSPSC United Nations Standard Products and Services Code in a matter of hours. They saved one man-year of effort in that one classification effort, and that's just the beginning. The Softface Content Suite offers a completely repeatable, automatic model. What Sasol has acquired in licensing Softface Content is a repeatable model to perpetually create structured content for all their systems without having to spend a penny more. That's the beauty of an automated solution." Defining Enterprise Content Automation Behind the walls of every enterprise are vast stores of unstructured, untapped data, ranging from procurement, customer order, and other transaction history to cryptic inventory product descriptions. Transforming that "dirty data" into highly structured, information-rich enterprise content, easily digestible digestible having the quality of being able to be digested. digestible energy the proportion of the potential energy in a feed which is in fact digested. digestible protein see digestible protein. by 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. , CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. , sell-side catalog, analytical, and eProcurement analytical systems, yields increased product sales through better product content, enhanced profitability through detailed procurement analysis, and more accurate information availability at the corporate level. Historically, because large amounts of unstructured data is difficult to manually process, the data transformation process has been tediously manual, expensive, and undependable. Softface's patent-pending core technology is the first and only software that automatically, at a rate of tens of thousands of entries per hour, generates structured content and relevant attributes from plain-text descriptions with a high degree of precision. While other products offer rudimentary keyword searching or product attribute approximations, Softface enables enterprise content automation by coupling its comprehensive grammar interpreting technology with comprehensively digitized domain expertise. The result is automatically cleansed, classified, rationalized and normalized enterprise content that is rich with highly accurate product attributes. About Sasol Sasol, established in 1950, is a world-leader in the commercial production of liquid fuels and chemicals from coal and crude oil. The company has a turnover of more than US$5-billion per year and is listed on the JSE JSE See: Johannesburg Stock Exchange Securities Exchange (SOL) with a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of more than US$5-billion and on 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 (SASOY) in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Sasol manufactures more than 200 fuel and chemical products at its plants in Sasolburg and Secunda in South Africa as well as at several other plants abroad. Its products are exported to more than 90 countries around the world. The company has developed world-leading technology for the commercial production of synthetic fuels and chemicals from low-grade coal as well as the conversion of natural gas to environment-friendly diesel and chemicals. Internet address: www.sasol.com. About Softface Softface is the emerging de-facto standard for Enterprise Content Automation. Softface's Content Solution Suites speed and simplify unstructured data classification and attribute extraction, enabling Global 2000 customers to leverage untapped corporate knowledge in order to make more cost-effective decisions, increase revenues, and enhance profits. Softface's patent-pending, highly scalable core technology is the first and only software that automatically generates structured content and relevant attributes from plain-text descriptions with a high degree of precision. Softface is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. located 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 . For more information on Softface, visit the company's web site at www.softface.com or call 1-925/279-1097. Softface, Softface Content, Softface Designer, Softface Content Engine, and Softface Content Suite are trademarks of Softface, Inc. All other company and product names mentioned herein are trademarks or registered trademarks of their respective holders. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion