Insurance & Technology News
More than 550,000 Businesses Now Connected to GXS's World Leading Cloud-Based Integration Platform
Gaithersburg, MD, Dec 12, 2012 (PRWeb.com via COMTEX) --
GXS, a leading provider of B2B integration services, today announced that more than 550,000 businesses now connect through the company's cloud-based integration platform. GXS Trading Grid, the world's largest integration cloud manages more than 14 billion transactions a year.
Companies of all sizes, including more than 50% of the Global 1000 and small businesses, use Trading Grid to exchange information with their business partners. Through GXS Trading Grid, customers in the retail, automotive manufacturing, high tech and consumer products industries exchange numerous business documents such as product catalogs, sales forecasts, purchase orders, shipment notices and electronic invoices. In the financial markets, commercial banks, broker/dealers and insurance companies use Trading Grid to exchange financial documents such as payment instructions, account statements and employee benefits data electronically.
As a cloud-based platform, Trading Grid enables users to avoid many of the complications of the traditional licensed software model. Instead of installing complex software, companies can access a library of pre-built B2B integration services in the cloud. Moreover, there are no upfront capital expenditures for server hardware, storage devices or software licenses. Companies pay a monthly fee that is closely aligned with their actual usage of the Grid. Through the cloud environment, GXS protects your investment by automatically updating Trading Grid to ensure it is kept current with the latest technologies and standards, eliminating worries of obsolete technology.
"In today's global economy, companies are exchanging more data with more partners than ever. In turn, we are seeing businesses seek a cloud-based solution to their B2B integration needs," said Bob Segert, president and chief executive officer of GXS. "Cloud integration platforms offer companies a simple solution to a complicated issue. It not only solves the challenges of connectivity but it does it with a no hassle approach that guarantees the system will be automatically enhanced by innovation with no up-front costs for hardware or software."
Trading Grid users can exchange supply chain and financial transactions electronically using a variety of standards. The platform supports all the major networking protocols such as AS2, FTP, and MQ and numerous messaging standards including EDI, XML, SWIFT, RosettaNet, and OAG. Users can select from a menu of value-added services for each message transmitted. Messages can be encrypted for security, compressed for performance, validated for accuracy or archived to support regulations. Trading Grid also offers a portfolio of SaaS applications for exchanging product catalogs, tracking orders, following shipments and digitizing invoices.
GXS is a leading B2B integration services provider and operates the world's largest integration cloud, GXS Trading Grid(R). Our software and services help more than 550,000 businesses, including 22 of the top 25 supply chains, extend their partner networks, automate receiving processes, manage electronic payments, and improve supply chain visibility. GXS Managed Services, our unique approach to improving B2B integration operations, combines GXS Trading Grid(R) with our process orchestration services and global team to manage a company's multi-enterprise processes. Based in Gaithersburg, Maryland, GXS has direct operations in 20 countries, employing more than 2,400 professionals. To learn more, see http://www.gxs.com, read our blog at http://www.gxsblogs.com, follow us on Twitter at http://twitter.com/gxs and join us on LinkedIn at http://www.linkedin.com/company/gxs. You can also access our public filings with the Securities and Exchange Commission at http://www.sec.gov/edgar.shtml.
This press release may contain "forward-looking statements." All statements, other than statements of historical facts that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are affected by risks, uncertainties and assumptions, including but not limited to those set forth in the company's public filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Accordingly, actual results or outcomes may differ materially from those expressed in the forward-looking statements. You should not place undue reliance on these statements and the company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances that may arise.
All products and services mentioned are trademarks of their respective companies.
Read the full story at http://www.prweb.com/releases/2012/12/prweb10228596.htm
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UPDATED 4:20 AM EST - Mar 11, 2014
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