Press Release Summary:
Distributed Commerce Management v4.5, built on real-time, service-oriented architecture, features flexible business process modeling, best-in-class supply chain management, and event management functionality. Role-based visibility enables users to see only information they need. Software provides users with real-time view of impact of sales orders and purchase orders on inventory levels. User interface enables customers to extend business process across multiple enterprises.
Original Press Release:
YANTRA VERSION 4.5 PROVIDES USERS WITH NEXT GENERATION CAPABILITIES FOR MANAGING THE EXTENDED SUPPLY CHAIN
New User Interface Framework Combined with Leading-Edge Standards-Based Technology Platform Streamlines Multi-Enterprise Business Processes
TEWKSBURY, Mass.- May 8, 2002 - Yantra Corporation (yantra.com), the leading provider of enterprise software for the extended supply chain, today announced immediate availability of Version 4.5 of its Distributed Commerce Management suite. The announcement was made at Yantra Day, the company's annual customer, partner and analyst event.
The new release features a new user interface framework that enables customers to more effectively extend business processes across multiple enterprises. Combined with Yantra's leading edge, standards-based technology platform, Version 4.5 gives users the ability to streamline the way they manage complex supply chain processes across multiple channels, divisions and companies. Best Buy Co., Inc. and School Specialty Inc. are among the first customers to take shipment of the new release.
With the economy showing signs of recovery, many companies today are trying to accelerate strategies for multi-channel selling, outsourcing and trading partner collaboration. The opportunity is compelling: Revenue increases of up to 5%; operational savings of up to 40%; and inventory reductions of up to 15%. But central to the success of these initiatives is the ability to extend, manage and monitor complex business processes across disparate channels, business units and trading partners.
Yantra's Distributed Commerce Management solutions enable companies to extend their business processes to realize these new revenue opportunities, operational efficiencies and service levels. Built on a real-time, service-oriented architecture, the solutions feature flexible business process modeling and best-in-class supply chain management application and event management functionality. Version 4.5 leverages this architecture and offers highly configurable, role-based user interfaces for managing critical supply chain information. This new "action-orientation" provides better control of order, inventory and logistics processes that extend across multiple participants and empowers users to operate more efficiently and effectively.
Highlights of the new release include:
- Enhanced role-based visibility - enables individual users to see only the information they need. This results in faster decisions involving order and inventory status, alerts and exceptions, regardless of where the order is in its lifecycle, or where an event might be occurring across the extended supply chain.
- Integrated views and control of supply and demand - provides users with a real-time view of the impact of sales orders and purchase orders on inventory levels and the ability to take immediate action from a single location within the application when problems occur.
- Flexible user interface framework - offers users maximum flexibility for modifying the user interface to meet their specific needs.
According to an October, 2001 report by AMR Research titled Managing Order Fulfillment Across the Supply Chain, "Many companies have a distributed order fulfillment network in place that relies on multiple corporate divisions or business partners to fulfill orders. However, for most of these companies, it is largely a manual process to manage the network, one that requires a small army of people to pull information from multiple systems and coordinate order fulfillment with suppliers and logistics providers using phone, fax, e-mail, and Electronic Data Interchange (EDI) messages. These manual systems are expensive to manage, error-prone, not scalable, and typically break down under the real-time demands and compressed business cycles of today's environment."
"Yantra understands what it takes to effectively manage complex, extended enterprise business processes, said Devdutt Yellurkar, President and CEO of Yantra. "Our technology platform was built specifically for that. Version 4.5 takes the power of our platform and puts it in the hands of every user across the extended supply chain. They get the information they need when they need it and they can act on it exactly the way they need to act on it."
Founded in 1995, Yantra is the leading provider of distributed commerce management solutions. The Company's applications extend existing enterprise systems to coordinate and monitor distributed orders and inventory across multiple business units, customers, suppliers and trading partners. Global 2000 companies use Yantra's solutions to leverage new revenue opportunities, drive new operational efficiencies and increase service levels.
Yantra has deep domain expertise in supply chain management and works with some of the world's leading businesses including Allogis (DHL), APL Direct, Argos, Best Buy, Eastman Chemical, Hallmark, Honeywell, Motorola, Rockport, ScanSource, School Specialty Inc. and Target Corporation. The Company is privately held and based outside Boston, Massachusetts. For more information, please visit yantra.com.