IP-based solution "picks up where EDI left off," enabler says
Toronto — October 10, 2005 — Xenos Group, a provider of data, document and delivery solutions, has released a new e-transaction solution designed to securely enable and expedite business over the Internet and across disparate platforms.
The enabler said that its new terminalONE solution would eliminate the need for proprietary and high-cost electronic data interchange (EDI) networks by creating end-to-end, fully automated transaction workflows that deliver straight-through processing over IP networks (STP/IP).
Xenos said that terminalONE automates real-time transaction processing over IP networks using three distinct components: terminalONE TRANSPORT, which ensures secure delivery of validated transaction data to authenticated trading partners or recipients; terminalONE TRANSFORM, which converts any transaction data format into any other and manipulates the data so they can be repurposed for a variety of uses; and terminalONE TRAFFIC, which routes transaction data to the correct back office systems based on defined data parameters.
"terminalONE simplifies our B2B transaction handling," said Tom Bailey of Xenos customer National Industrial Concepts, a U.S. precision sheet metal fabrication firm. "It strengthens our vendor and partner relationships by making it easier to do business with us, and we can bring in new partners rapidly, easily integrating their data into our business processes."
Bailey added that with fully automated transactions executed end-to-end over the existing IP network, his company's business processes have been streamlined, its productivity has increased and overhead costs have been reduced.
"Despite the significant investments organizations have made in back office systems to automate order management, invoicing, services and sales, many organizations still use manual data entry methods," said Patrick Smith, director of XML products at Xenos. "By automating these processes, Xenos terminalONE improves accuracy and greatly reduces transaction processing costs."
Xenos terminalONE is available now.
Additional Articles of Interest
— Companies with advanced sourcing and procurement strategies are using spend analysis tools to drive bottom-line savings. Now it's time to take spend analytics to the next level. Read more in "Supercharging Spend Analytics," in the April/May 2005 issue of Supply & Demand Chain Executive.
— For more information on best practices for spend analysis, see the following SDCExec.com articles:
- The Secrets of Successful Spend Analysis
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- Manufacturers: Achieve True Strategic Sourcing Through Spend Analysis