For Immediate Release
New Integration Features Improve Small Business Efficiencies
SAN MATEO, CA., May 29, 2002 - NetLedger, Inc., which powers the Oracle( Small Business Suite, today announced the enhanced integration of Yahoo!(r) Store (http://store.yahoo.com) with the Oracle Small Business Suite. Yahoo! Store is a leading online store hosting service that has enabled more than 19,000 merchants and small business owners to establish an online presence and sell their products and services on the Web. The Oracle Small Business Suite integration allows small businesses to simplify their business processes through Yahoo! Store by streamlining order fulfillment, credit card processing, inventory management, and reporting.
New Integration Features Improve Small Business Efficiencies Using the Oracle Small Business Suite in conjunction with Yahoo! Store, businesses can save time and money by eliminating redundant data-entry, streamlining their business processes, and having access to up-to-date information.
The new phase of integration goes beyond automatically transferring orders placed through a Yahoo! Store to the Oracle Small Business Suite. Now, merchants can move between applications without signing on and off, utilize bi-directional data exchange, and have the option of automating the credit card payment upon completion of order fulfillment within the Oracle Small Business Suite.
"This enhanced integration delivers increased functionality and greater usability," said Evan Goldberg, CEO of NetLedger. "More importantly, the team effort between Yahoo! Store and NetLedger is a testament to our commitment to give small businesses what they need to run a profitable and efficient business."
"Yahoo! is committed to providing our small business customers with essential business solutions and easy-to-use technology to help their online operations be successful," said Bud Rosenthal, vice president and general manager, Yahoo! Small Business. "This relationship supports our strategy to provide small business customers with the tools and applications necessary for them to meet their online businesses` changing demands."
The new integration features unveiled include: Return Signon: Users will be able to return to their Yahoo! Store Manager order and advanced item edit screens via the links provided within the Oracle Small Business Suite.
Bi-Directional Data Exchange: The existing integration allows the import of Yahoo! Store items into the Oracle Small Business Suite. Now with Bi-Directional Data Exchange feature, users can also import their Oracle Small Business Suite items into the Yahoo! Store. Additionally, this feature provides Yahoo! Store users with more accurate and timely item availability updates, greatly improving shoppers` online shopping experience.
Credit Card Capture Payment Transaction: Upon completion of order fulfillment within the Oracle Small Business Suite, merchants will have the option of automating the credit card payment. This will transmit an order reference and final amount to a Yahoo! Store merchant in order to capture the payment and return a confirmation number to the Oracle Small Business Suite. Netledger Enhances Yahoo! Store Functionality/Page 3
About the Oracle Small Business Suite The Oracle Small Business Suite, which is powered by NetLedger is an integrated online application that helps small businesses manage all of their business processes more efficiently and effectively, including accounting and finance, sales and service, and employee management. Companies can save time and money and receive improved visibility into their operations through a centralized and up-to-date database, ending the headache of using multiple incompatible applications. The award-winning Oracle Small Business Suite is the first and only multi-user, multi-location complete small business management solution. For more information visit www.oraclesmallbusiness.com.
About Yahoo! Small Business
Yahoo! Small Business (http://smallbusiness.yahoo.com), integrates essential business solutions and best-of-breed technology with access to Yahoo!`s powerful distribution network to give small businesses the tools and resources they need to build a successful online business. Yahoo! addresses the small business customer`s lifecycle, including fundamental needs such as business email, and domain registration, to more sophisticated commerce applications, such as self-service placement of ads across the Yahoo! network, store hosting and distribution on Yahoo! Shopping.
Oracle is a registered trademark of Oracle Corporation. Yahoo! and the Yahoo! logo are trademarks and/or registered trademarks of Yahoo! Inc. Other names may be trademarks of their respective owners.