"E-Marketplaces with BitWay ECOS E-Market"

BitWay E-Market It lets buyers and suppliers efficiently communicate and collaborate in order to speed up and lower the cost of procuring direct products and services. This exceptional e-marketplace platform only requires a browser from buyers and suppliers to participate.

By eliminating tedious any time consuming tasks from the procurement process, BitWay E-Market© enables the buying part to focus on the strategic aspects of procurement. Create and send Requests for Quotes (RFQs), compile and analyze supplier responses, generate Purchase Orders (POs), make queries about products, services and materials and track supplier performance quickly and easily. (Bitway ECOS).

For suppliers, BitWay E-Market© permits the administration of their own products, images and prices, making them automatically searchable when a buyer requests for a specific product. As a supplier, you can introduce, modify or delete your current product offering structure, making these changes automatically visible to the buyer side.

Reducing Procurement Time and Costs

Due to a fine and granular access control mechanism, the supplier can design a group of administrators and operators to create, respond and approve actions such as respond a RFQ, add a new product, respond to a buyer's query. This powerful feature, among others, simplifies the administration and operation of the e-procurement process.

Quick Selection of the Best Supplier

BitWay E-Market© reduce analysis time and helps in the decision process for the buyer by making the most complex and though tasks such as analyze and order hundreds of responses to RFQs or queries. A simple interface enables the quick ordering by key fields, such as price, time delivery, logisitic, order management, customer and supplier profile.

RFQs, POs and querys management

All of these documents are generated, compiled and automatically managed by BitWay E-Market©, making easy to buyers and suppliers fill the corresponding data to obtain a price-quote, product availability, delivery conditions. No need of faxes or phone calls: these documents are automatically available for the supplier when the buyer completes and send it.

Market Maker Benefits

The ASP or market maker have a powerful platform to offer a variety of value added services, such as:

• online notification when a new RFQ, PO or query arrives (email, fax, pager)
• Analysis reports about traded products.
• Competition analysis.
• Consulting services associated to the related vertical market.

The XML-based nature of BitWay E-Market© enables to the market maker to easily integrate with 3^rd party systems by making use of BitWay XML API and document definitions, standard technology adopted by all BtoB providers.