Intershop Communications, an established provider of e-commerce solutions for global enterprises, has announced the availability of Version 4.0 of the Enfinity Procurement Solution.
Organisations can use this updated software to further boost the efficiency of electronic ordering processes through centralised management of multiple procurement initiatives, including the procurement systems of global subsidiaries.
The Intershop solution provides a single, powerful procurement platform for a variety of purchasing needs ranging from general supplies to production materials to services. A primary benefit of the new solution is enhanced support for supplier relationship management. SAP-based catalogues can also be easily integrated with the solution.
E-procurement involves automating the ordering of goods and services throughout an enterprise. It offers greater buying power to enterprises to negotiate purchasing contracts with suppliers. It is intended to significantly reduce costs by streamlining ordering, order aggregation, approval, and transaction processes. The new release 4.0 of the Enfinity Procurement Solution delivers comprehensive functionality required for professional online purchasing. Intershop plans to support additional business models to serve its customers` evolving needs.
The supplier relationship management functionality in this new solution enables enterprises to streamline their interactions and transactions with suppliers. Key suppliers can be integrated into an enterprise`s procurement system, with flexible options including the ability to setup and manage their own catalogues, exchange orders directly, and participate in online request-for-quote processes. Built-in support for the Open Catalogue Interface standard means that customers using an SAP procurement solution can also benefit from these supplier relationship management capabilities.
Marketplace management functionality is also offered in this new version of the Enfinity Procurement Solution. It allows enterprises to centralise and integrate different supplier relationship management models employed by various subsidiaries or business units on a single software platform. This centralised management of multiple procurement initiatives can deliver dramatic cost savings related to hardware, software, implementation, integration, and ongoing system administration.
Customers of Intershop procurement software include MAN, Sonera, and Hyundai. The German Ministry of the Interior has deployed the Enfinity Procurement Solution as part of its ""Offentlicher Eink@uf Online" (Online Government Procurement) e-project. Federal agencies use this virtual marketplace to buy both goods and services.
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Intershop Communications (Nasdaq: ISHP, Neuer Markt: ISH) is a leading provider of e-commerce solutions for enterprises who want to automate marketing, procurement, and sales using Internet technology. The Intershop Enfinity commerce platform, combined with proven, flexible industry and cross-industry solutions, enables companies to manage multiple business units from a single commerce platform, optimise their business relationships, improve business efficiencies and cut costs to increase profit margins. By streamlining business processes, companies can achieve a higher return on investment at a lower total cost of ownership, increasing the lifetime value of customers and partners. Intershop has more than 300 enterprise customers worldwide in retail, hi-tech and manufacturing, media and telecommunications. Customers including Hewlett-Packard, Motorola, Bosch, BMW, TRW, Bertelsmann, Otto and Homebase have selected Intershop`s Enfinity as the foundation for their global e-commerce strategies.
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