YANTRA INTRODUCES MULTI-ENTERPRISE COMMERCE MANAGEMENT SOLUTIONS
Software Suite Features Multi-Enterprise Order and Inventory Management
Boston, Mass.-July 25, 2001-Yantra Corporation (www.yantra.com), the leading
provider of multi-enterprise commerce management solutions, will announce
today the immediate availability of a new set of solutions for Global
2000 enterprises conducting commerce across extended trading networks.
The applications provide businesses with complete order and inventory
management across their extended enterprises for the first time,
dramatically
streamlining the costs, time and errors associated with multi-enterprise
commerce. Yantra is making this announcement today at Yantra Day, its
customer / partner event at the Four Seasons Hotel in Boston.
Today, most companies have difficulty managing orders across different
business units, let alone multiple enterprises. Yantra`s new solutions
extend ERP and supply chain applications by seamlessly managing buy and
sell orders across multiple business units, regions, divisions, enterprises,
suppliers and marketplaces. As a result, companies can present a single
face to their customers and suppliers, significantly reduce inventories,
quickly add complementary products and services from different business
units, partners and new acquisitions, outsource non-core activities and
pilot new business opportunities with less risk.
Eastman Chemical and Yantra
Yantra is also announcing today that Eastman Chemical Company
(www.eastman.com/
NYSE:EMN) has licensed Yantra`s Demand solution to support Eastman
Chemical`s
B2B demand hub. With Yantra, Eastman will manage distributed orders across
multiple demand channels and business units for maximum efficiency and
customer satisfaction.
Yantra`s solution complements the ongoing efforts of Eastman`s internal
E-Business Team, which has established the Company as one of the leading
innovators in the use of e-commerce. The Company will use Yantra`s Demand
solution to web-enable its extended trading network to extend its market
reach and streamline its supply chain processes. Yantra`s multi-enterprise
order and inventory management applications will also support Eastman`s
chemical marketplace solution.
"Yantra is helping us accelerate our e-business efforts," said Fred Buehler,
vice-president, e-business at Eastman. "We`re doing a lot more here than
enabling a web channel. We`re creating a multi-enterprise demand hub that
integrates every participant in our extended value chain. This enables
us to better serve our B2B customers and achieve significant operating
efficiencies. Yantra`s solution is helping us do this more quickly and
easily."
Yantra and webMethods
Also being announced today is that Yantra and webMethods are partnering
to provide the next generation of commerce solutions. The Yantra and
webMethods alliance will enable Global 2000 companies to quickly extend
enterprise applications to manage orders and inventory across the extended
enterprise.
The alliance will help customers significantly reduce inventories; quickly
add complementary products and services from different business units,
partners and new acquisitions; outsource non-core activities; and pilot
new business opportunities with less risk.
Eastman Chemical Company is one of several companies already working with
both companies` products to deliver more rapid integration of customers,
suppliers and partners into their Internet based channels. Headquartered
in Kingsport, Tenn., Eastman Chemical Company (www.eastman.com) manufactures
and markets chemicals, fibers and plastics. An e-commerce leader within
the chemical industry, Eastman employs approximately 15,000 people in
more than 30 countries and had 2000 sales of $5.3 billion.
"With its extensible architecture, Yantra`s applications are very
well-suited
for managing orders and inventory across multiple business units and
extended
trading networks," said Tom Roberts, vice president of platform alliances
for webMethods, Inc. "By combining their business applications with the
webMethods integration platform, customers will be able to make Yantra`s
applications fit seamlessly into their technology infrastructure, providing
a significant business advantage."
"Existing ERP and supply chain management systems have driven efficiencies
inside the enterprise, but they were never built to manage activities
outside the four walls," said Devdutt Yellurkar, CEO of Yantra. "The next
real opportunity for Global 2000 companies to deliver shareholder value
is by managing operations more efficiently across their extended
enterprises.
Companies that act aggressively on these opportunities stand to gain
considerab
le market share and profits."
About Yantra
Yantra is the leading provider of multi-enterprise commerce management
software solutions. The Company`s solutions manage orders, inventory and
supply across multiple business units, regions, divisions, enterprises,
suppliers and marketplaces to improve the operational efficiency and speed
of multi-enterprise trading networks.
Yantra`s deep domain expertise in supply chain management enables the
company to provide comprehensive solutions to large enterprises and
exchanges.
Customers include leading businesses such as APL Direct Logistics, Eastman
Chemical Company, Honeywell, Motorola, Reality and VerticalNet. Founded
in 1995, Yantra Corporation is privately held and based outside Boston,
Massachusetts. For more information, visit www.yantra.com.
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