InfoBank has launched a free Web based directory of business suppliers in a bid to boost its profile in the emerging e-procurement space and boost sales of its Intrade system.
The directory service allows customers to connect electronically with suppliers, who can list their products, services and business terms free.
Graham Sadd, chief executive of Infobank, said 275 suppliers, including ICL and Banner Business Supplies, had signed up to the service but insisted that more would follow.
InfoBank had made a substantial investment in the service but expected a pay-off to come in the form of increased awareness of the benefits of e-procurement in the business community, Sadd said.
"There's no direct benefit but it's encouraging the use of ecommerce," Saddsaid. "There will be a payback through establishing our credentials in the UK and Europe."
Positioning itself as a leading supplier is paramount for InfoBank, as moredevelopers rush to cash in on a market which Forrester Research has predicted will be worth $1.3 trillion by 2003.
Would-be giants in this emerging space include US startup Ariba, which recently set up shop in the UK as part of a European-wide sales push, and Commerce One.
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