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Read MoreConnectSouth
and WorldCatch Select Works Commerce Service to Deliver Online
Procurement
Works Commerce Service Enables Companies
to Improve Customer Acquisition and Retention Rates through Co-branded
Offering
Austin, TX -- November 20, 2000 -- Works.com® today announced that ConnectSouth, a leading provider of high-speed connectivity and Internet business tools, and WorldCatch, the leading online marketplace for the global seafood industry, have chosen the Works Commerce ServiceSM as a technology platform for their B2B e- procurement initiatives. The Works Commerce Service provides a unique way for companies with an Internet presence to provide the benefits of indirect goods e-procurement to their own midsize business customers. ConnectSouth and WorldCatch join current Works Commerce Service partners, including Dell Computer Corp., W.W. Grainger and Merrill Lynch, who currently use the service to deliver a robust purchasing management application and marketplace of indirect goods to their midsize customers.
"We are excited to have ConnectSouth and WorldCatch join the growing list of ecommerce leaders using the Works Commerce Service to deliver high value services to their own customers," said Bo Holland, founder and CEO of Works.com. "Spending on indirect goods and services accounts for 35 percent of a typical company's revenue. By leveraging the Internet to deliver procurement software as a service, via a browser, the Works Commerce Service makes it both easy and cost efficient for companies to help their customers automate, integrate and control their purchasing process."
New Partners
ConnectSouth and WorldCatch will use the Web-based Works Commerce
Service to improve customer acquisition and retention rates and generate
additional revenue by helping their customers streamline their
purchasing processes. As part of the offering, Works.com will provide a
world-class Purchasing Management ApplicationSM (PMA) and Marketplace
of indirect goods along with integrated customer service and
supply-chain and catalog management. Works.com delivers the Commerce
Service solution to its business partners within 30-60 days.
ConnectSouth, an "e-enabler," providing a full range of high-speed connectivity and Internet business application tools for small and medium-sized businesses in the Southern Region of the United States, chose the Works Commerce Service as an efficient and effective way to add value to their online business offerings. "We are committed to providing the highest level of service and value to our customers through our e-procurement initiatives, and the Works Commerce Service will help us accomplish this," said Jeff Mucci, CEO of ConnectSouth.
Another customer, WorldCatch, is the largest online global source for commerce, content and community for professionals in the seafood industry. Their site offers news, market pricing, market reports and links to global service providers who specialize in shipping, packaging, banking, insurance and credit reporting. WorldCatch chose the Works Commerce Service for its ability to rapidly custom configure a marketplace that would complement its existing product offering.
"WorldCatch's main feature is its business to business online marketplace that allows seafood buyers and sellers to transact business quickly and cost-effectively," said Jim Hilger, CEO of WorldCatch. "The Works Commerce Service will allow us to expand our offerings, generate an additional revenue stream and improve customer acquisition."
Commerce Service
Key Features
- Purchasing
Management Application (PMA)
The Works PMA makes it possible for midsize companies to increase control and reduce the cost of purchasing. According to Aberdeen Group, it costs $107 to process a simple $27 purchase order. The Works PMA automates the entire process from request, approval and tracking, to reconciliation, payment and budget management, slashing the cost of procurement by more than 90%.
- Complete Marketplace Solution
Works.com offers the single largest indirect goods procurement marketplace for midsize businesses. The Works Marketplace currently provides access to more than 100,000 indirect goods, including computer products, office supplies and industrial supplies for maintenance, repair and operations (MRO).
-
Outsourced Services
Works.com provides partners with a fully outsourced operation of their Commerce Services, enabling them to focus on their core business. These operation services include:
- Supply-chain and supplier integration management Merchandising, fulfillment and returns Production services and hosting Credit, invoice and settling operations
- Customer service and sales and marketing support
Availability
The WorldCatch and ConnectSouth purchasing management services powered
by Works.com are currently available at http://worldcatch.works.com and
http://connectsouth.works.com. For more information about becoming a
Works Commerce Service partner please call 1.888.WORKS.COM
About Works.com
Works.com provides business commerce technology and services that enable
top e-commerce sites and merchants to deliver an online Purchasing
Management Application (PMA) and indirect goods Marketplace to their
midsize business customers. By using the PMA and Marketplace, midsize
businesses can increase control and lower the cost of purchasing. The
Works.com Marketplace currently provides access to more than 100,000
indirect goods, including computer products, office supplies, business
machines, furniture and industrial supplies for maintenance, repair and
operations (MRO). Headquartered in Austin with offices in Chicago and
London, Works.com is funded by Bowman Capital, Hummer Winblad, Merrill
Lynch, Presidio Venture Partners, W.W. Grainger and Trellis Partners.
Bill Gurley of Benchmark Capital is a member of the Works.com board of
directors. Works.com is a registered trademark of Works.com Operating
Company. Works Commerce Service and Works Purchasing Management
Application are service marks of Works.com Operating Company.
| Contacts: | Karl Scholz Works.com Tel: 512-685-8650 kscholz@works.com |
| Jennifer Clark OutCast Communications Tel: 415-392-8282 jclark@outcastcom.com |