Subscribers include self insured companies, brokers, insurers, and reinsurers. Using CITE's robust toolset, subscribers actually broker contracts online. This novel way of doing business over the Internet permits trading of comprehensive and intricate insurance contracts. This venture is designed to become a comprehensive resource for the environmental commerce community. It will have information, applications and trading capabilities for goods and services relating to environmental management.
Users are able to complete transactions in a less costly, more efficient and timely manner.
Based on the Internet vertical portal business model, GreenOnline uses SAIC's patented Dynamic Collaborative Network Environment technology to establish the online environmental commerce community from which enterprises can buy, sell, and trade their services, products, information, and materials in one cyberspace location. GreenOnline also employs CITE , SAIC's Complex Instrument Trading Engine, for processing complex exchange transactions. This service will be the first Internet full-service oil and gas lease trading market. The exchange will support multiple markets and transaction engines including auction, private placement, and state-owned abandoned lands. This approach will capture the full range of market activity and will help buyers, sellers and brokers lower their costs for disseminating, acquiring and evaluating information about energy properties, and consummating transactions.