Independent software developer Genie Systems has let another rollout of its OrderWare e-commerce procurement application out of the bottle, this time with Singapore-based power utility Keppel FELS Energy and Infrastructure.
Under the terms of the agreement, Keppel FELS will use OrderWare's e-procurement application to automate the process of purchase requisitions for its rig construction activities.
Huge quarterly growth
Commenting on the deal, Genie's CEO and founder Michael Hendry said, "The key thing is we are growing at 300 per cent a quarter and a deal like this is fairly significant to that growth."
Hendry is hoping the rise of procurement exchanges will continue, but is confident it is going to go one way.
"Private or corporate exchanges will be big, but public exchanges aren't going to take off," he said.
Peter Garden, chief technology officer for Genie, claims the project is exciting because it proves that OrderWare's workflow-driven procurement can handle the complex processes associated with production or direct procurement.
"Most Web-based procurement systems are designed around the relatively simple processes of requesting, approving and purchasing consumables, IT supplies and other simple products," he said. "At Keppel FELS, there are many buyers, engineers and approvers involved in the process, with a large number of drawings, specifications and plans attached to purchase requisitions. All of this has to be routed and managed according to complex business rules."
The announcement comes after Genie's recent sponsorship of the Australian Information Industry Association (AIIA) iAwards 2000 in Sydney.