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 URLwire for Tuesday, May 11, 1999

works.com Moves Business Purchasing Online

New service offers access to wholesalers of more than 20,000 office products, bringing benefits of automated purchase management to wider audience, and delivers a user experience more like online shopping than enterprise computing

works.com (http://www.works.com) this week moves business purchasing online by providing direct access to wholesalers of office products and managing company purchases online. With works.com, wholesale direct prices on more than 20,000 office products and automated purchase management are available to companies of all sizes. Because works.com is an Internet service with no software to buy or manage, companies can realize the benefits of automated procurement in minutes, rather than months-without up-front costs, installation fees, or training.
 
http://www.works.comBy moving business purchasing online, works.com enables companies to dramatically reduce the time and expense of manual purchasing.  A company's manual purchasing process can have a cycle time of 1 to 2 weeks and cost from $10 to $125 per order.  works.com's easy-to-use management features-including online purchase requesting and ordering, streamlined and automated purchase approval, and order tracking-reduce the average purchasing cycle time from weeks to days.  And the cost per order is reduced to a $1.50 fee for works.com's online purchase processing and management.
 
http://www.works.comMore Like Online Shopping Than Enterprise Computing
 
works.com's ease-of-use and pay-as-you-go model delivers an accessible, intuitive user experience similar to today's online consumer shopping.  Its powerful, automated purchasing management features support this experience, rather than introducing the complexities of enterprise computing. "works.com is more like Amazon.com than SAP. It's a simple matter of bringing companies and business supply wholesalers together through an efficient and easy-to-use Internet service," said Bill Gurley, general partner of Benchmark Capital.

Internet Service-Offers Automated Business Purchasing Management with No Software Headaches
 
works.com is at the forefront of the growing trend toward offering software functionality as an Internet service. With no deployment costs, training, or IT management required, Internet service companies offer enterprise functionality to a wider business audience. The pay-as-you-go model enables companies of any size to benefit from automated management systems.
"As consumers, we have fallen in love with the instant gratification of online purchasing. But at work, most of us have to deal with time-consuming manual processes to obtain the tools we need to do our jobs," said Bo Holland, president and CEO of works.com. "Our goal is to move business purchasing online by marrying the speed and convenience of online purchasing with the management controls companies require to approve and monitor spending."

"We wanted to simplify our purchasing and improve spending controls," said Paul Ruiz, vice president of finance and administration at living.com.  "The suppliers we were using created the appearance of value by discounting a few low cost items, while at the same time, allowing employees to buy unnecessary products at premium prices.  works.com provides our employees with a simple way to purchase the tools they need, and allows the company to easily implement controls over spending. works.com is saving us money by ensuring that we only buy the items we need-and at great prices."
 
In addition to wholesale direct pricing, online purchase requesting and ordering, and automated purchase approval, works.com features include:
 

 
About works.com
 
works.com is a business Internet service that provides direct access to wholesalers and manufacturers of office products and manages company purchasing online. As an Internet service with a pay-as-you-go pricing model, works.com offers companies of all sizes the ease and convenience of online shopping, and the power of an automated procurement solution.  Headquartered in Austin, Texas, works.com is funded by Hummer Winblad and Trellis Partners. Bill Gurley of Benchmark Partners is a member of
the works.com board of directors.
 
 


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