.... Ericsson endorses flexible Internet trading technology
from GE ...
GE Information Services (GE) has today launched the
industry's first cost-effective alternative to traditional
Electronic Data Interchange (EDI), for small and medium
sized businesses across Europe. Called GE TradeWeb, the
subscription-based service provides a fast, secure and
reliable exchange of business documents across the Internet,
enabling even the smallest of European companies to compete
effectively in the global electronic commerce marketplace.
Put simply, GE TradeWeb transforms existing business
processes such as invoicing by introducing fast, flexible
and easy-to-use entry-level EDI capability. By eradicating
the need for proprietary software and offering a range of
flexible payment terms which include ‘on-demand', ‘seasonal'
or ‘annual' payment options, GE TradeWeb lowers price
barriers to online trading for companies previously unable
to afford full EDI technology.
Offering efficient two-way electronic commerce with GE's
trading community of over 40,000 partners, GE TradeWeb
provides Europe's most superior business communications
channel for supplier-buyer relationships around the globe.
"GE's vision is to create global business communities that
conduct a significant proportion of their trade via the
Internet," said Mark McDonnell, Marketing Director at GE
Information Services. "For small and medium-sized companies
where business efficiencies are at a premium, unreliable
paper-based transactions can be prohibitive to business
success. GE TradeWeb will allow small companies across
Europe to compete effectively with global giants for the
First to sign up for GE's TradeWeb service in Europe is
telecommunications leader Ericsson. A significant number of
Ericsson suppliers will benefit from TradeWeb's
Internet-based communications infrastructure. "Until now,
the cost of implementing traditional EDI communications
technology has meant that online communications between
Ericsson and its hundreds of suppliers have not been a
realistic option," explained Didrik Skantze, Logistics
Development, Ericsson. "With GE TradeWeb we are finally able
to offer our business partners a speedy, reliable and
low-cost step towards real EDI."
Use of GE TradeWeb simply requires a computer and modem,
Internet access and a web browser. All GE TradeWeb
subscribers receive an EDI mailbox and access to GE's online
EDI forms library and trading partner directory. Subscribers
in Europe can register in their native language using online
terms and conditions that conform to their country's laws,
and pay in the currency of their country with a variety of
convenient and widely used payment methods.
About GE Information Services GE Information Services (GE)
is a global leader in business-to-business electronic
commerce solutions, managing the world's largest electronic
trading community of more than 40,000 trading partners. GE's
global networked solutions include EDI and messaging
services, Internet, Intranet and Extranet services, and a
full suite of applications that help streamline supply chain
management processes. GE combines the power of electronic
commerce applications with business process consulting,
systems integration, community management and customer
GE Information Services is one of the twelve key businesses
of the General Electric Company, USA, and is headquartered
in Rockville, MD, USA. (www.geis.com)
From: Claire Hibbitt/Fiona Campbell-Howes A Plus Group
Tel: 01753 790700 Email:
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