TM
Multimedia introduces Netmyne Business-to-Business (B2B)
eMarketplace for Telekom malaysia 1s vendors
Dear
valued customers,
Kuala
Lumpur, July 17th, 2001 - TM Multimedia today introduced
its Netmyne B2B (Business to Business) suite of marketplace
solutions at a seminar conducted for Telekom Malaysia1s
vendors as a part of Telekom Malaysia1s contribution in
catalysing e-commerce in Malaysia.
Netmyne's
B2B eMarketplace comprise a total suite of solutions for
online transactions, which integrates eprocurement, epayment
and efulfillment.
Netmyne B2B eMarketplace is initially for Telekom Malaysia1s
200 vendors.
With
these online solutions, Telekom Malaysia1s Procurement
Division as the Anchor Buyer will be able to manage and
monitor its procurement online while the vendors will
be able to transact and receive their payments online.
Netmyne
B2B eMarketplace is a one-stop and comprehensive suite
of eMarketplace solutions that incorporates value added
services and working processes. With Netmyne B2B eProcurement
functionality, Telekom Malaysia will be able to lower
its procurement costs, activate faster cycle time, improve
control over buying and provide better reporting information.
It will also help Telekom Malaysia to further improve
its supply chain management and quality
of purchasing decisions.
The
Netmyne B2B eMarketplace will also be integrated to Telekom
Malaysia1s key back office systems to improve efficiency.
The Netmyne B2B eMarketplace payment solution is also
integrated with several major local banks1 eBanking facility.
With this integration, Telekom Malaysia will be able to
improve its relationship with the vendors. The banking
links ensures trustworthiness between the buyers and suppliers.
Vendors
will also be able to use Netmyne B2B eFulfillment solution
to manage their logistics and warehouse requirements.
The Netmyne B2B eFulfillment solution will be able to
track and trace their delivery and at the same time manage
product returns. Unlike many other eFulfillment solution,
Netmyne B2B eFulfillment solution will be supported by
logistic companies, fowarders, courier service providers
and warehouses. Effectively this assists the vendors in
improving efficiency.
The
integration of solutions serving 3 key components (buyer,
banking & vendor) based on their intrinsic need allows
Netmyne B2B to handle comprehensive offerings to the market.Ê
Although initially for Telekom Malaysia1s vendors, it
will later be offered to all business that intends to
improve the business efficiency.
Speaking
at the opening of seminar, Baharum Salleh, Chief Operating
Officer of TM Multimedia said: 3Netmyne B2B eMarketplace
plugs buyers and suppliers into a feature rich, sophisticated
e-marketplace with reliable and efficient automated trading
process. Buyers and suppliers not only gain additional
sales and promotion channel; they achieve significant
time and cost savings and real time transaction information
for better management decisions.
With
this introduction, TM Multimedia is the first entity in
Malaysia that provides a total end-to-end solution that
integrates transactions, fulfillment and payment components
in an eMarketplace.This effort is anticipated to further
catalyse the growth of e-commerce in Malaysia.
With
this alternative new offerings TM Multimedia will extend
into private and public eMarketplaces leveraging on its
large pool of customers. Enhanced by its telecommunication
connectivity and high bandwidth ISP, Netmyne will position
itself as the leader in the eMarketplace in Malaysia,
which in turn complements Telekom Malaysia1s contribution
towards the building of the K-economy.
Thank
you
Netmyne
Information Centre
