Ford and Intelisys Complete Their First Internet-based Transaction in UK
12 July 1999
Ford Motor Company and Intelisys Complete Their First Internet-based Procurement Transaction in United Kingdom
NEW YORK--July 12, 1999 --Intelisys Hires Andersen Consulting Veteran to Extend European Presence
Intelisys, a global leader of Internet procurement solutions, today announced its first-ever procurement transaction over the Internet in the United Kingdom. Using only the Internet and Intelisys' global i-Procurement solution, Ford Motor Company put aside traditional paper catalogs and purchased critical medical supplies for the company's occupational health department online from Philip Harris Medical, an Intelisys-enabled e-commerce supplier. From requisition to payment, the entire transaction took place over the Internet.
Using a procurement infrastructure compliant with OBI standards, Ford continues the global deployment of Intelisys' system that will connect 3,000 to 5,000 suppliers to the Company, helping to streamline its purchasing process, leverage global contracts, enhance supplier relationships and significantly reduce costs. Ford will next integrate its i-Procurement solution, Intelisys' IEC-Enterprise v3.0, in Australia.
Further demonstration of Intelisys' commitment to meeting the global i-Procurement needs of its clients is the appointment of industry veteran Jill Wyman as Managing Director for Europe. Formerly an Associate Partner at Andersen Consulting, Wyman has spent the last 13 years concentrating on the communications and high-tech industries. Based in London, Wyman will focus on demonstrating the value of i-Procurement and the Intelisys model to European business leaders.
"Evidenced by Ford's landmark transaction this week, Intelisys sees great opportunity for growth in Europe," said Lloyd O'Connor, CEO of Intelisys. "Adding Jill to our management team is a natural extension of our commitment to global development. Her deep industry knowledge and worldwide experience will ensure Intelisys remains a global leader in the development of business-to-business e-commerce systems."
ABOUT THE IEC-ENTERPRISE(TM) PROCUREMENT SOLUTION
IEC-Enterprise enables authorized employees within an organization to securely browse suppliers' catalog information, and select items for purchase. A purchase order is submitted via the company intranet, routed via a sophisticated workflow engine for approval and transmitted over the Internet using open industry standards for messaging and security. IEC-Enterprise also receives an electronic invoice back from the supplier, which can be used for settlement of the transaction. IEC-Enterprise includes controls for managing users, monitoring spending limits, accounting, payment information and more.
ABOUT INTELISYS ELECTRONIC COMMERCE, LLC
Headquartered in New York, Intelisys is a pioneer in providing complete Internet-based procurement applications that internetwork buyers with all of their suppliers. Intelisys has developed solutions to enable both large private and public entities to efficiently manage and dramatically reduce the high costs attributed to the procurement of non-production goods and services. Intelisys was formed in 1996 and is affiliated with The Chase Manhattan Bank. Intelisys' clients include among others, Ford Motor Company , Texas Instruments , Telstra (ASX: TLS), Western Geophysical, a division of Baker Hughes, The Chase Manhattan Bank , The Commonwealth of Massachusetts and the States of Idaho, New York, Texas, and Utah. Intelisys can be reached by calling 1.888.294.4PRO or via the Web site, www.intelisys.com.