Netscape Communications Corporation (NASDAQ: NSCP) today announced a marketing relationship with Extensity to provide a travel and expense report management system to be used in connection with Netscape BuyerXpert 2.0, Netscape’s major new release of its Internet procurement system also announced today. Available as a full-featured software application for use with Netscape BuyerXpert 2.0, Extensity Expense Reports 2.0 is that company’s Web-based enterprise application for reporting, auditing, managing and reimbursing travel and entertainment-related costs.
The Netscape and Extensity software applications are best-of-breed products for Internet-based procurement and expense reporting respectively. Extensity greatly simplifies and improves companies’ ability to prepare and process highly reliable expense reports and trim operational costs. Netscape BuyerXpert enables organizations to streamline the internal purchasing process, automate external supplier processes, leverage existing systems and better manage broad supplier relationships. As part of a strategic agreement, Netscape will promote Extensity as a preferred provider of travel and expense reporting.
“We are excited about this partnership with Netscape,” said Sharam Sasson, founder, president and CEO of Extensity. “By combining our solutions, customers now have immediate access to the best solutions for better processing and reduced costs in both procurement and business travel. In addition, our collaboration with Netscape is pivotal by giving us access to the industry’s most impressive roster of Internet procurement customers.”
“Our relationship with Extensity is a key component of our strategy to provide enterprise customers with a complete, end-to-end Internet operational cost management solution,” said Daphne Carmeli, vice president of marketing for application products at Netscape. “By creating opportunities for customers to obtain the Extensity application as a complement to the Netscape BuyerXpert Internet procurement solution, Netscape delivers bottom-line benefits to enterprise customers by providing a best of breed solution to help them improve corporate cost structures.”
Netscape BuyerXpert 2.0 and Extensity Expense Reports 2.0 each provide customization tools, flexible business rules and full-featured workflow automation to support varying business processes and needs of a buying organization. By using the Expense Reports application, corporate travelers can prepare highly reliable expense reports through a single Web-based client that works in both connected and disconnected traveler mode, all with the ability to get corporate card data import and spending analysis reports. Auditors benefit from automated classification, auditing, and reporting functions that provide efficient processing with a high level of control and accuracy.
Netscape BuyerXpert is a flexible, Internet-based corporate procurement application that increases corporate control over purchasing, allows enterprises to streamline internal procurement processes, automate supplier interactions and manage broad aspects of supplier relationships. As part of the CommerceXpert product family, BuyerXpert improves companies’ cost structures, while improving employee satisfaction and cycle times.
Netscape BuyerXpert 2.0 is available immediately from Netscape for the Sun Solaris® platform. Extensity Expense Reports 2.0 is available from Extensity for all Windows® platforms in addition to UNIX® and Macintosh.