Selects GXS Trading Grid as Platform to Deliver B2B Integration Services
BASKING RIDGE, N.J. and GAITHERSBURG, Md., June 5 -- Verizon Business is teaming with GXS, a leading provider of business-to- business (B2B) e-commerce solutions, to provide integrated supply chain management services to help large businesses control costs and improve efficiencies. These new offerings, Custom Supply Chain Managed Services and Invoice Automation Service, will enable companies to increase control over their supply chain networks, streamline inter-business transactions and improve collaboration between global trading partners.
By joining forces with GXS, Verizon Business is entering the supply chain management market, the latest expansion of its managed information technology solutions portfolio.
"With our new GXS-powered capabilities, Verizon Business customers will now have world-class options for supply chain management and a one-stop resource for meeting strategic B2B integration and network management goals," said Nancy Gofus, senior vice president and chief marketing officer of Verizon Business. "The joining of two leaders within our respective industries will enable our customers to do more with less, offering multinational companies a potential competitive advantage in today's global marketplace."
Verizon Business will offer its customers the ability to outsource their e-commerce infrastructure, providing end-to-end transactional business processing between the company and its trading partners. Verizon Business will deliver Custom Supply Chain Managed Services -- solutions to automate supply chain processes with or between enterprises, including creating solutions specifically tailored to meet individual customer requirements.
In addition, Verizon Business will provide Invoice Automation Service by leveraging GXS Invoice Delivery Service to help customers automate the invoice process end-to-end, controlling costs through streamlined operations and less rework caused by errors, as well as helping to improve operating margins by enabling more efficient payment processes.
"This agreement is a significant step forward for GXS in that it enables us to leverage the reach of the Verizon Business sales force, in addition to the joining together of world-class technologies," said Gary Greenfield, chief executive officer of GXS. "A key goal for GXS is to ensure our customers have the essential tools required for seamless B2B integration. Verizon Business has long provided companies with a vast array of networking tools to interconnect companies and bring them closer together. This partnership takes this concept to the next logical step: providing customers with on-demand solutions to automate their supply chains."
GXS also enables Verizon Business to support nearly any B2B e-commerce standard or protocol, including electronic data interchange (EDI), extensible markup language (XML), AS2 and proprietary formats. By combining GXS' services within Verizon Business' Managed Network Services, customers benefit from the ease of dealing with one provider with world-class managed offerings and professional services capabilities.
The combined solutions from Verizon Business and GXS build on an existing relationship formed between the companies. In May, Verizon Business announced that it is providing highly specialized networking and professional services to support GXS Trading Grid, the company's on-demand, global integration- services platform that serves more than 35,000 business customers worldwide including 75 percent of the Fortune 500. As part of the agreement, Verizon Business will supply GXS with managed services for its core business network infrastructure.
As the world's largest B2B integration service platform, GXS Trading Grid is used to exchange goods and services, gain visibility into global logistics operations and to synchronize product data. GXS Trading Grid helps customers automate global trading communities by shielding complexity from rapidly changing standards, eliminating manual and duplicative processes and enabling high levels of B2B integration and collaboration.
Verizon Business solutions leverage the power of Verizon's advanced data network, providing secure and reliable access to leading-edge technologies via a portfolio that includes Verizon Business IT Infrastructure Services, Verizon Business Managed IT Services and Verizon Managed Applications. From local area networks (LANs) to wide area networks (WANs), from IP-PBX telephone systems to voice over IP (VoIP), and from premises-based to network-based security services, Verizon Business managed services now reach more than 3,600 customer networks worldwide.
GXS is a leading global provider of B2B e-commerce solutions that simplify and enhance business process integration, synchronization and collaboration among trading partners. Organizations worldwide, including 75 percent of the Fortune 500, leverage the GXS Trading Grid® to extend supply networks, optimize product launches, automate warehouse receiving, manage electronic payments and gain supply chain visibility. With an unmatched global presence, proven trading partner management and B2B outsourcing services, GXS's on- demand solutions maximize the benefits of integration for businesses.
Based in Gaithersburg, Md., GXS's extensive global network serves customers throughout the Americas, Europe and Asia-Pacific regions. GXS can be found on the Web at www.gxs.com.
About Verizon Business
Verizon Business, a unit of Verizon Communications (NYSE:VZ), is a leading provider of advanced communications and information technology (IT) solutions to large business and government customers worldwide. Combining unsurpassed global network reach with advanced technology and professional service capabilities, Verizon Business delivers innovative and seamless business solutions to customers around the world. For more information, visit www.verizonbusiness.com.
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Source: Verizon Business
CONTACT: Janet Brumfield of Verizon Business, +1-614-723-1060, Janet.Brumfield@verizon.com; or Allison Tobin of GXS, +1-301-340-4988, Allison.Tobin@gxs.com