Verizon Enters Supply-Chain Management Market - InformationWeek

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Verizon Enters Supply-Chain Management Market

In addition, Verizon is offering to provide an invoice automation service that integrates with GXS's electronic delivery service.

Verizon on Wednesday teamed up with supply-chain management provider GXS to offer services to large businesses, marking Verizon's debut in the supply chain market.

The partnership will enable Verizon to offer customers the option of outsourcing their e-commerce infrastructure, and let Verizon and GXS provide transactional business processing between the customer and its trading partners. The vendors are offering to build custom supply-chains services to meet individual customer requirements.

In addition, Verizon is offering to provide an invoice automation service that integrates with GXS's electronic delivery service. In automating the invoice process, customers can reduce the amount of work caused by errors, and cut costs through a more efficient payment process, Verizon said.

The new services build on a partnership the two companies formed in May. The telecommunications company agreed to provide specialized networking and professional services to support GXS's Trading Grid, an on-demand integration platform used by more than 35,000 customers worldwide, including 75% of the Fortune 500, according to GXS.

The GXS grid enables companies to build electronic trading communities in order to exchange documents via any business-to-business standard or protocol, including electronic data interchange, extensible markup language, AS2 and proprietary formats. In addition, GXS can give partners visibility into logistics operations and enables them to synchronize product data.

In 2005, GXS, which stands for Global Exchange Services, signed agreements with companies in the Middle East and the Mediterranean to develop and manage the first shared-information network for the region.

Other countries where companies have also adopted the platform include Australia, Canada, Hong Kong, New Zealand, South Korea, Taiwan, the United States, Britain and Russia.

In the Verizon deal, GXS gets access to Verizon's business sales force, while Verizon gets additional services offerings for its networks.

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