ASX-listed software company Technology One has integrated its buy-side eProcurement software with the supplier enablement software of small Australian developer Strategic Ecommerce Limited (SEL).
The agreement enables Technology One customers to link directly from their financial software into their suppliers' catalogues. It gives Technology One a value-add many of its competitors lack, and provides a new royalty stream for Strategic Ecommerce.
Adrian Di Marco, chief executive officer of Technology One said where possible the company attempts to bundle their technology with locally owned developers to keep the software relevant to Australian customers.
Strategic Ecommerce chief executive officer Andrew Sendy believes the bundled package addresses three of the major failings of eProcurement to date - the difficulty of integration, excessive costs and a lack of supplier enablement.
"Traditionally, a client would buy expensive eProcurement software from a third party eProcurement vendor and then find integrating it with their systems a long and expensive process," he said. "Technology One has solved this by building the eProcurement module natively to its applications, fully integrating it to all its supply chain modules," he said.
According to Sendy, this integration out-of-the-box cuts out the exorbitant costs associated with electronic procurement, as his software will be marketed as another module rather than an entire new system when bundled with Technology One's software.