UMB FINANCIAL CREATES SECURE E-COMMUNITIES
Vendor: Sterling Commerce
Product: Connect
UMB Financial Corporation has chosen a Sterling Commerce solution to automate the exchange of financial information with its e-communities over the Internet and private networks. Sterling’s Connect provides UMB a highly secure e-business communication infrastructure solution capable of accommodating the unique data delivery and scheduling needs of its customers, while seamlessly linking information flow with its back-end systems. The result for UMB is streamlined operations and enhanced service to customers.
“In order to compete successfully in today’s fast-paced, global environment, it is crucial for us to provide secure, reliable methods of communication for our customers, leveraging newer technologies such as the Internet. We are finding that more than 90 percent of our customers are moving to the Web to complete ’point and click’ business transactions,” said Joel Markus, senior vice president, UMB. “We needed a solution that allowed us to automate and manage the secure movement of information between our business systems and those of our customers – while accommodating diverse application, platform, and network environments. The Sterling solution offered just that.”
DANA CORPORATION DEPLOYS E-PROCUREMENT SYSTEM
Vendor: Ariba
Product: eCommerce Platform
Dana Corporation, one of the world’s largest independent suppliers to vehicle manufacturers, has selected an Ariba solution as part of its global e-business initiative.
“Dana has targeted significant improvements in supply chain management as a key business objective in 2000,” said Joe Magliochetti, Dana’s president and chief executive officer. “We have formed a global strategic sourcing organization and identified aggressive goals over the next four years, including a 50 percent reduction in the number of suppliers and $1 billion in cumulative savings in procurement costs and transaction expenses. The new global e-procurement system will enable Dana to utilize the Internet to gain a competitive advantage in the automotive supplier industry.”
The Ariba eCommerce Platform will help Dana drive economies of scale across its facilities worldwide by creating an internal e-commerce infrastructure. Divisional and corporate purchasing will be electronically aggregated from each employee desktop and directed through the Ariba Network to preferred suppliers at higher-volume prices. Anticipated benefits will include increased value with selected preferred vendors, significantly reduced transaction expenses, consolidated information on vendor performance, and reduced inventory requirements.