From Sourcing to Settlement

BarclaysB2B chooses Clarus to power growth of sourcing service

LONDON  December 17, 2001  BarclaysB2B, the business-to-business arm of Barclays, today announced a contract with Clarus Corporation to use Clarus eMarket" and Clarus Sourcing" to enhance the delivery of its range of business services.

The new software will be used to extend BarclaysB2B's sourcing to settlement solutions.  It will provide both a sophisticated e-tender solution and an advanced, hosted e-procurement offering.  The e-tender solution delivers the latest reverse auction software, enabling customers to enhance their traditional tender process, making it faster and more dynamic.

The hosted e-procurement offering provides private trading networks that enable buyers to streamline and integrate their procurement processes.  By providing greater control over the purchasing cycle, the private trading network is designed to enable reduced costs and substantial time-savings. In both e-tenders and private trading networks the suppliers benefit from the ability to integrate with their systems, and openly compete head to head with their direct competitors.

Commenting on this announcement, Alison Hutchinson, said: "We chose Clarus because of its open flexible architecture that will enable us to build-in value and services for our customers at a level appropriate to their needs. As the demand for even more sophisticated services continues to rise, so does our commitment to work with world class companies to keep us and our customers ahead of the game."

Steve Jeffery, president and CEO of Clarus said, "Barclays is a large global financial services leader and its business to business arm, BarclaysB2B, is a recognized leader in the field of business to business services within the UK. We are delighted to be providing the technical infrastructure which is designed to enable a number of businesses, for whom online trading offers vast opportunities, to benefit from a range of tailored services without requiring them to invest in a huge capital outlay."