By Joseph Rajendran Japanese trading company Nissho Iwai Corp. and U.S. software developer Computer Associates International Inc. announced this week that they will set up a JV to create a cross-industry B2B worldwide trading exchange. The savings in transaction time and cost will be tremendous. Tokyo-based Cynomix will handle all the necessary B2B application services and paperwork for its clients as well as help them organize their financial, distribution, insurance, and account settlement operations through partnerships with specialist firms in local areas. Cynomix will also offer a range of screening services, such as research on firms, a history of online transactions, and a reference list of client e-commerce sites. Cynomix will utilize Computer Associates' Jasmine ii eBusiness platform for efficient client information exchange and process integration and its Neugents predictive management technology to optimally match buyers with sellers and streamline transaction physical logistics.
Plans call for offices to be set up around the world.
Cynomix's revenues will come from commissions based on the amount of trading customers undertake. Corp. All Rights Reserved.