NEW YORK, NEW YORK, U.S.A. - Savvion, Inc., a provider of e-business management solutions, today announced the release of Savvion BusinessManagerTM 3.0, a powerful business process management platform for streamlining operations across extended enterprises. Through advanced XML messaging, Version 3.0 can help companies raise productivity, lower costs, and increase revenues by quickly building Web-based systems that automate business processes across disparate corporate systems used by their employees, customers, partners and suppliers.
The Westaim Corporation holds a 22 per cent equity interest in Savvion.
Leading companies, including Cisco, Fujitsu, and Qualcomm, currently use Savvion technology to streamline their business operations. Start-ups are also taking advantage of BusinessManager to beat the competition to market; for example, PurchaseNet used Savvion BusinessManager to help build its trading exchange for educational institutions in less than two months.
BusinessManager 3.0 increases e-business efficiencies by automating and managing business processes across enterprises. With BusinessManager 3.0, customers can:
Connect extended enterprises to gain productivity increases and new business opportunities, such as automating the flow of work across an integrated network of independent hospitals, pharmacies, and insurance companies. Managers then gain visibility to their entire process chain across the extended enterprise.
Build tightly integrated supply-chain networks to speed order processing and eliminate stock-outs and improve management’s ability to respond.
Automate e-commerce operations by linking back-end inventory and fulfillment systems to front end e-commerce Web sites and then providing overall management of the process, avoiding holiday backlog fiascos
Unite departmental systems to eliminate redundancies and streamline operations, promoting any number of internal improvements such as building automated systems for managing cross department activities in a product development lifecycle.
"For years, the Internet has promised to integrate business communities, but a lack of solutions which would automate and integrate their business processes stood in the way," said Richard Ptak, VP Systems & Applications Management, Hurwitz Group. "Implementers of e-business solutions searching for paths to the next level of performance should look to do so by leveraging Business Process Management to connect extended enterprises. Leveraging Business Process Management benefits e-business players by finally allowing business partners to automate joint operations providing many new opportunities for increased collaboration."
At the heart of BusinessManager’s new capabilities is advanced XML messaging that lets business processes on one system directly interact with business processes on another system to streamline operational execution across enterprises. For example, a company can route an order directly from an inventory management business process to its supplier’s order management system and then initiating a new order process in the supplier’s order processing system without requiring manual intervention. Complementing this automated process with enhanced management monitoring and control capabilities, a procurement manager would be able to view the entire process from the initial order to the fulfillment process by the supplier guaranteeing the status of the order through the entire process.
BusinessManager 3.0 also speeds person-based tasks by automatically routing assignments to personnel based on defined work steps. A system developer could forward a requirements list to a client, which would automatically be routed to three different departmental heads for approval based on the defined business process.
Other BusinessManager 3.0 benefits include:
Enhanced management capabilities provided by new reporting tools that support “balanced scorecard” methodologies drive by real time information directly generated by the executive of business processes.
Rapid execution of individual tasks, including completing RFQs, purchase orders, and expense forms from BusinessManager’s user portal or custom web sites.
Real-time monitoring of automated operations and the power to modify their execution dynamically as business conditions change
System access from any browser-based device, including wireless phones and PDAs
Advanced reporting and analysis tools, including partner performance measurements and enterprise health metrics to enhance strategic planning
New features to further simplify application design, including drag-and-drop objects for integrating external systems such as ERP and web applications.
“We believe that BusinessManager 3.0 truly ushers in new levels of competitive advantage for our customers,” said Dr. Ketabchi, Savvion, Inc. founder and CEO. “With BusinessManager 3.0, companies have one of the fastest ways to move their business to the Web, the one of the most powerful methods of integrating extended enterprises, and one of the strongest management tools to proactively respond to business needs as conditions change throughout the day.”
About Savvion, Inc.
Savvion, Inc., provides comprehensive e-business process management software used to build and manage operations internally and across enterprises. Savvion BusinessManagerTM enables companies to move their business to the Web quickly, allowing the easy automation of business processes across disparate corporate systems, and uniting enterprises to gain operational and strategic efficiencies. Using the software’s drag-and-drop design tools, customers quickly turn any business process into a Web application – from project management to order processing to supply chain management. Providing an additional competitive edge, BusinessManager gives management a comprehensive view of e-business operations and the power to modify process execution in real time. Industry leaders use BusinessManager, including Cisco Systems, Fujitsu, and Qualcomm. Founded in 1994, Savvion is a privately held company headquartered in Santa Clara, Calif., with more than 280 employees worldwide. For more information, visit www.savvion.com or call 1-888-544-5511.
About The Westaim Corporation
The Westaim Corporation is a technology accelerator that launches exceptional technologies into the marketplace. In addition to its investment in Savvion, Westaim’s technology investments include Westaim Biomedical Corp., which has developed an infection control technology for use in the treatment of wounds, and iFire Technology Inc., which has developed a revolutionary low-cost flat panel display. Westaim’s common shares are listed on Nasdaq under the symbol WEDX and on the Toronto Stock Exchange under the trading symbol WED.
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The Savvion logo, Savvion, and Savvion BusinessManager are trademarks or registered trademarks of Savvion, Inc. All other trademarks mentioned herein are the property of their respective owners.
For more information:
Tony Johnston
Senior Vice President, Corporate Affairs
The Westaim Corporation
(403) 234-3103
info@westaim.com
www.westaim.com
Don Nanneman
Savvion
408-330-3496
nanneman@savvion.com
Steve Kleine
Spiralgroup for Savvion
760-325-3007
stevek@spiralgroup.com
This news release may contain forward-looking statements. These statements are based on current expectations that are subject to risks and uncertainties, and the Company can give no assurance that these expectations are correct. Various factors could cause actual results to differ materially from those projected in such statements, including financial considerations and those predicting the timing and market acceptance of future products. The Company disclaims any intention or obligations to revise forward-looking statements whether as a result of new information, future developments or otherwise. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement.
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