14 February 2002 | Robin Parker
The new product set from Commerce One marks the latest shift away from public marketplaces to e-enabling private business processes.
Commerce One 5.0 aims to provide a full sourcing and procurement solution, built on its collaborative trading platform, to automate the entire sourcing-to-payment process.
Chris Phillips, Commerce One's marketing director for Europe, the Middle East and Africa, said the solution turns its strengths on internal processes.
"We're automating processes that span company boundaries, aligning tools to control spend," he said.
The sourcing component updates the existing auctions package and negotiation tools and adds new modules for sourcing intelligence and contract management.
The procurement tool, Commerce One Buy, tackles services for the first time with a module to monitor and control spending on contract labour.
A "self-service" module for suppliers enables them to manage online catalogues, pricing and orders through a web-based browser.
Purchasers can also change orders without cancelling them, and automate shipping notices.
Phillips said any number of the modules can be implemented, helping buyers to adapt to long-term procurement trends.
The company has also teamed up with Compaq to provide Procurement Express, a basic solution for small and medium-sized enterprises, which it claims can be deployed in 15 days.