Market Overview
While the online B2C markets of the 1990's may not have fulfilled their promise, the true opportunities offered by the Internet have only begun. Of these, perhaps none are greater in terms of potential cost- and labor-savings than those offered by the B2B procurement market.

From all indications, it is a market that is enormous, urgently needed and largely untapped. Indeed, it is estimated that more than 95% of Fortune 500 firms still use paper-based ordering systems. And while these firms realize the impact this could have on their operations, they balk at the expense associated with implementing or developing automated systems themselves. The question is where can businesses find a solution to such dilemmas?

The answer, for many, is FASTXchange. Our internet-based procurement automation system was specifically created to work with a firm's existing business relationships and rules, helping drive savings directly to their bottom line. In fact, according to a recent study by Killen and Associates a modest 5% improvement in supply chain procurement expenses can result in a 28% increase in corporate profits, with no required increase in top line sales. Alternately, a corporation would have to increase their sales by a factor of 10 to achieve the same level of savings.

Easy to implement and use, FASTXchange has established a proven track record for achieving substantial reductions in the cost and inefficiencies associated with procuring goods and services, as well as savings in the costs of goods procured.

Learn more about the flexible and reliable FASTXchange solution.