1Point Commerce, Ltd. develops global commerce model

Call Center Solutions, Nov 1999

1Point Commerce, Ltd. has developed a "Global Commerce Model" with online negotiations. The new model was designed to narrow the gap between face-to-face negotiations and e-commerce, provide companies with a Web presence without a home page and level the field for smaller companies to compete with large corporations in world markets. Companies can negotiate trade deals online accurately and in near-real time. To negotiate online trade deals, member companies enter the quantity they need and the price they are willing to pay. Parties to a trade deal can counter offers until both parties accept and confirm acceptance of all terms and conditions. The negotiation history page of each party is saved on a secure server and can be viewed only by the parties involved. Once a deal is successful, payments are made according to the agreed payment terms, usually through letters of credit or other types of payment.

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