NEW YORK, Feb. 1, 2002 (PRIMEZONE) -- eB2B Commerce, Inc. (Nasdaq:EBTBD), a leader in hosted, EDI-based business-to-business trading networks and private trading exchanges, today launched version 3.0 of its Trade Gateway solution that enables businesses to better integrate, automate and collaborate with their partners. The new release provides the most comprehensive solution in the industry for the Internet-based exchange of business documents across the order management lifecycle.
"We listen very carefully to our customers and they all tell us the same thing -- make it easier to integrate and transact business with my trading partners. That's exactly what we've done -- designed an integrated solution that delivers benefits on both sides of every trade for every size business," said Steve Rabin, CTO, eB2B Commerce. This latest release further leverages eB2B Commerce's extensive domain expertise and installed-base of clients including some of the largest retail brand names in chain drug, telecommunications, toys, consumer electronics and home domestics.
The eB2B Trade Gateway(tm) 3.0 is a hosted infrastructure supporting virtual trading hubs that automate existing business processes between trade partners such as buyers and suppliers of finished goods. These hosted Supply Chain Execution services utilize eB2B's extensive Trade Network Management expertise. Manufacturers, distributors and retailers can select from a comprehensive set of end-to-end facilities for connection, automation, integration, translation, analysis, compliance and certification services.
New features in this release include: -- Automated Trading Partner Registration -- Trading Partner Specific Document Control -- Document Compliance Engine -- Event-Based Email Notifications -- Supply and Demand Analytics -- Multiple Vendor ID (to support complex vendor relationships) -- Purchase Order Terms and Allowances Processing -- Automated Purchase Order Change -- Streamlined DSD (Direct Store Delivery) Invoice Processing -- Streamlined Shipment Processing -- Enhanced Navigation
The eB2B Trade Gateway(tm) 3.0 scales to handle millions of transactions per day and effectively supports businesses of all sizes from product requisition to settlement. The eB2B Commerce integrated solution set lets businesses increase the efficiency of their trading relationships with existing business partners, while at the same time fully leveraging their existing investment in technology -- both hardware and software. Buyers and sellers can use the most cost effective and appropriate means of communication to meet the needs of the trading relationship. This includes an "any to any" mapping environment to support Web/HTML-based documents, Flat File, EDI/VAN, EDI/Web, POS, ERP and XML.
The eB2B Trade Gateway(tm) 3.0 integrated solution set is unique in that it accommodates the needs of trading partners of any size and level of technical sophistication. Value is delivered to all customers by enabling the three functions required for effective inter-enterprise trade: integration, automation and trading document collaboration.
About eB2B, Inc.
eB2B Commerce is a leading provider of business-to-business transaction management services that simplify trading partner integration, automation, and collaboration across the order management life cycle. The eB2B Trading Network and Transaction Lifecycle Management solutions provide enterprises large and small with a total solution for improving trading partner relationships that enhance productivity and bottom line profitability.
Note: Certain statements contained in this news release which are not based on historical facts are forward-looking statements, as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to uncertainties and risks that may cause actual results to materially differ from projections. Although eB2B believes that its expectations are reasonable assumptions within the bounds of its knowledge of its business operations, there can be no assurance that actual results will not differ materially from its expectations. The uncertainties and risks include, among other things, the Company's plans, beliefs and goals, the Company's limited operating history, the ability to raise additional capital, if needed, the risks and uncertainties associated with rapidly changing technologies such as the Internet, the risks of technology development and the risks of competition that can cause actual results to differ materially from those in the forward-looking statements. The Company undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements.