SIS and MTS to Provide B2B Solution

Monday, July 14, 2003
Star Information Systems (SIS) and Marine Transaction Services (MTS) of Oslo, Norway, announce the development of a global business-to-business (B2B) software and e-commerce solution for the shipping industry. . “MTS and SIS offer true B2B integration. MTS’s expertise in e-commerce for primary marine vendors was a major determining factor for SIS entering into this collaboration. The two companies have worked professionally together for the past two years” said Leif Tusvik, head of department SISCommerce. Under the new cooperation agreement, MTS will integrate marine vendors existing ERP/back office systems with ship owners and operators currently utilising SISCommerce software. According to SIS, the partnership with MTS is an essential one and opens new business opportunities for both companies. “Finding and teaming with other highly qualified suppliers of B2B technology with skills that complement our own, allows us to take on opportunities we may have otherwise passed by. We want to bring together some of the best technologies to address critical client business imperatives, “ said Tusvik. SIS and MTS will concentrate on further developing their B2B operational solutions. Several of the best-funded and highly profiled maritime B2B companies have flamed out and it seems that the most sophisticated technology and robust marketing can’t displace trust, maritime know-how and relationships. Market observers confirm that current maritime-based B2B solutions lack the true integration found in the SIS and MTS B2B package. SIS claims to be rectifying this problem with solid experience within ship management and software expertise. “The most important factor to succeed in the E-commerce business is to integrate the e-procurement solution with the in-house administrative systems in both the shipping company and the supplier,” said Tusvik.

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