BOSTON and SAN MATEO, Calif. -- November 14, 2000 -- @TheMoment, a dynamic commerce enabler, and Open Ratings, a global standard for supplier performance ratings, are teaming up to offer unbiased supplier performance ratings to @TheMoment customers. By integrating Open Ratings' solution into the San Mateo-based companys Dynamic Trading Suite, @TheMoment customers will have the tools to produce more liquid, and secure e-marketplaces.
Through a strategic alliance with Dun & Bradstreet, Open Ratings offers a single-point solution for businesses to obtain and evaluate B2B supplier performance information. The solution combines Open Ratings' patent-pending predictive scoring of a vendor's performance -- based on criteria including timeliness, responsiveness and reliability -- and D&B's global database of unbiased business information. D&B's database includes financial strength and operating history information about 60 million businesses around the world.
Buyers in an @TheMoment-powered reverse auction or negotiated exchange will be able to leverage supplier performance information to compare and review the performance of suppliers on multiple parameters. Suppliers in a forward auction or live bid/ask exchange can compare buyer feedback on their performance and benchmark their performance against competitors, thus competing on results and not just brand recognition or price.
"Enabling trust and liquidity is essential to the success of any e-marketplace," said Itzik Goldberger, vice president of marketing and business development, @TheMoment. "We anticipate both buyers and suppliers will benefit from Open Ratings' real-time ratings, a service critical to the purchase decision-making process within the live dynamic commerce environments offered by @TheMoment."