Another win announced today. Traction in South Africa use of products. I had not previously heard of this distributor in SA.
Commerce One Helps Bidvest Create an Open E-Marketplace and Provide Complete Source-to-Pay Solutions to CustomersBidvest's Electronic Marketplace Adds Leading Catering Company and Private African Hospital Network
BUSINESS WIRE - June 07, 2002 12:10
PLEASANTON, Calif. & JOHANNESBURG, South Africa, Jun 7, 2002 (BUSINESS WIRE) -- Commerce One (Nasdaq:CMRC), the Business Internet Company, today announced that Bidvest's online e-marketplace, mymarket.com, continues to gain momentum by adding two leading African companies to its customer base. Netcare, Africa's largest private hospital and doctor network, and Fedics, a leading South African company in the outsourced catering market, have selected mymarket.com to help centralize their diverse procurement activities.
Bidvest, a holding company invested in the industrial-services sector with 750 companies group wide, uses Commerce One solutions to power an open marketplace and automate the entire source-to-pay process for its customers. Commerce One helps Bidvest customers lower administrative costs, improve order times and manage contract negotiations more efficiently and effectively.
"Commerce One has a proven track record in reducing costs and streamlining the procurement process, and our customers have already seen substantial benefits," said Philip Katz, managing director of mymarket.com. "Buyers are consolidating the number of vendors they work with and better managing the entire source-to-pay process. Meanwhile, suppliers are enjoying increases of as much as 30 to 40 percent in the number of transactions from existing customers. We expect the total value of transactions will exceed $4 million USD per month by the end of the year."
mymarket.com is a hosted international e-marketplace targeting the catering, hospitality and healthcare industries, with more than 300 buyers and 200 suppliers transacting daily. The marketplace also serves as Bidvest's exclusive electronic-trading platform, with every Bidvest company scheduled to join the exchange within two years. Currently, mymarket.com has more than 70,000 products electronically cataloged.
"Powered by Commerce One sourcing and procurement solutions, mymarket.com offers a low-cost, high reward entry into e-commerce for buyers and suppliers," said Michael Bosman, CEO of Commerce One South Africa, the sole distributor for Commerce One in the region. "Bidvest clearly understands that reducing friction between trading partners can directly impact the bottom line, and we are pleased that they are realizing significant cost savings using our proven solutions." |
