Covisint B2B Marketplace [EOL] vs OpenText Trading Grid comparison

The Covisint B2B Marketplace was built with the following three characteristics of an electronic market system.

• Reduced cost – The customer-reduced cost theoretically comes from a simpler search process, the reduced cost for the supplier comes from a simpler search process for potential customers.

• Network externalities – Benefits realized by individual participants in an electronic market increase as more organizations join the system.

• Economies of scale and scope – Electronic market systems typically require large capital investments and offer potential substantial economies of scale and scope.

At Covisint, we realize that sharing B2B information securely and reliably across increasingly complex technology systems and platforms can be difficult and expensive. Covisint’s B2B Marketplace connects disparate solutions and allows them to work with each other through seamless integration.

OpenText Trading Grid (formerly GXS) is a unique global integration platform that enables and streamlines cross enterprise business processes. With extreme flexibility and a service-oriented, business-to-business e-commerce platform, the Grid helps companies automate global trading communities by shielding complexity from rapidly changing standards, eliminating manual and duplicative efforts and enabling a new level of process integration and business intelligence.