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EMPTORIS DELIVERS THE POWER TO ACCOMPLISH TRUE STRATEGIC
SOURCING IN CYBERSPACE
Company's ePASS Solutions bring real world
RFP/RFQ procurement capabilities to net market makers and the enterprise
Burlington, Mass., May 15, 2000-Emptoris,
Inc., the leading provider of strategic B2B e-commerce solutions for
net market makers and the Global 2000, today announced availability
of the company's ePASS solutions. Built around a powerful, highly
configurable optimization engine at its core, ePASS enables both buy
and sell-side professionals involved in strategic sourcing to more
effectively conduct purchasing activities via the Internet. Instead
of relying solely on unit pricing as the determining factor in bid
acceptance, buyers are able to evaluate factors such as logistics,
contractual relationships, product specifications, volume pricing
and item bundling to help make better buying decisions.
"Over the past few months, the B2B e-commerce market has exploded,
fueling the growth of net markets designed to meet the specialized
buying and selling needs of a specific industry segment," explained
Avner Schneur, president and CEO of Emptoris. "What these buying communities
have helped the industry discover is that current, price-based technology
is unable to effectively migrate real-world business rules to the
Internet. At it most fundamental, this is what Emptoris ePASS enables."
Current B2B e-commerce solutions are capable of powering relatively
simple price-based scenarios. However, it is apparent that while this
level of sophistication is appropriate for certain B2B applications,
strategic sourcing and fulfilling complex RFQ/RFPs requires additional
functionality. Emptoris ePASS is a suite of web-based software solutions
that provide buying and selling professionals with the customizable
business rules, intelligent workflow and advanced decision support
technology they need to carry out these sophisticated strategic sourcing
activities. In addition, ePASS facilitates open and sealed bids and
contract negotiation processes. Utilizing mathematical algorithms
and highly customizable business rules, ePASS is able to effectively
match buyer requirements with the suppliers best able to meet those
needs.
Furthermore, as an Internet solution, ePASS is built incorporating
web and open architecture standards, including Java and EJB, XML,
DHTML and Java Server Pages (JSP). The ePASS user interface (UI) is
browser independent and the back end supports UNIX, Windows NT, Oracle
databases and Microsoft SQL server. XML and Java APIs ensure that
ePASS seamlessly integrates with existing ERP and e-procurement systems,
protecting and increasing a customers original technology investment.
Pricing and Availability
Emptoris ePASS is available now. For pricing, please contact
David Farris, vice president, sales at (781)-993-9212, ext. 112.
About Emptoris, Inc.
Emptoris, Inc. is the leader in strategic B2B e-commerce solutions
for net markets and the Global 2000. Emptoris' real world procurement
platform, ePASS, extends beyond single item simplistic transactions
to enable strategic sourcing of direct materials and services over
the Internet. ePASS' customizable business rules, intelligent workflow
and advanced decision support technology allows Emptoris' partners
and customers to rapidly deploy industry specific e-marketplace solutions,
build collaborative buyer-seller relationships and quickly optimize
multifaceted purchasing decisions. Emptoris is a privately held company
and is an Internet Capital Group (Nasdaq: ICGE) Partner Company. The
Company is headquartered in Burlington, Massachusetts. For additional
information, please visit the Company's Web site at www.emptoris.com.
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