

FAQs
What
does Bizbots do?
We
build online double-sided exchange solutions. Our solutions offer real-time
dynamic pricing that until now was only available on sophisticated
financial exchanges. Our solutions supply net market hosts with the infrastructure
to build high-performance, reliable and highly scalable online exchanges.
And they also provide buyers and sellers greater price transparency, immediacy
and value-added services than either auctions or e-procurement systems.
I
understand the "Biz" in Bizbots. But what's the "Bots"?
Bots are electronic agents. Like robots, they automate tasks, save time
and cut costs. Our agent-enabled marketplace engine lets buyers and sellers
create agents that perform time-saving functions for them. For instance,
a buyer might create an agent to automatically search for orders of a
certain price, or to notify her when it makes a match. Bizbots has patent-pending
technologies that will permit even more sophisticated agent functions
to improve users' online transaction experiences.
What
exactly is a double-sided exchange, and how does it differ from an auction?
Auctions and double-sided exchanges are quite different.
To understand the difference, think about financial markets. They started
out using classified ads to sell securities and then evolved into Wall
Street auctions. In the mid 1800s, the New York Stock Exchange outgrew
the cumbersome auction techniques and developed the real-time trading
techniques that we now associate with the stock market. This technological
breakthrough was called the continuous double-sided exchange, because
it allowed bidders and sellers to dynamically float their price quotes.
Today, these exchanges offer far more price transparency than auctions.
Stock prices respond immediately to events in the industry or world. Market
buyers and sellers can obtain or sell their products in a shorter timeframe.
What
is the Bizbots agent-enabled marketplace?
The Bizbots agent-enabled marketplace is the Bizbots exchange engine that
powers our overall solution. Our technology is highly scalable, reliable
and fault-tolerant. It provides high-performance and mission-critical
availability to net market hosts and end-users.
What
benefits does Bizbots exchange engine deliver?
The Bizbots exchange engine offers buyers and sellers a trading
experience that mirrors their offline experience. For instance, it lets
them access historical and current market details to make more informed
trades. Plus, they can base their trades on variables specific to their
industry. When our exhange engine finds there is not a perfect match for
a trade, it allows the users to negotiate in real-time. They can even
check each other's reputation via our reputation server.
What
value-added services are integrated with Bizbots exchange solution?
Bizbots is partnering with industry-leading companies to integrate credit
check, payment, shipping and other services. These services enable one-stop
trading for net market buyers and sellers.
Is
Bizbots exchange marketplace easy to use?
Yes, that is one of Bizbots' strengths. Buyers and sellers learn to use
our exchange engine quickly and intuitively. With standard browsers like
Internet Explorer and Netscape Communicator, they access the exchange
application server via HTTP requests. Bizbots powered exchanges are easily
customizable.
What
industries use the Bizbots exchange solution?
The Bizbots agent-enabled marketplace is appropriate for any industry
where commodity or near-commodity products and services are bought and
sold. Trading rules and trading instrument characteristics can be easily
tailored to match an industry's vocabulary, practices and trading dimensions.
Our solutions are currently being developed for financial services, chemicals,
agriculture, pharmaceuticals, healthcare, high technology distribution,
telecommunications, small business and professional services.
How
can I integrate Bizbots' solutions with our existing business processes?
Bizbots' partnerships are an important aspect of its exchange solution.
Our strategic relationships with leading consulting and integration firms
let companies rapidly integrate Bizbots exchange solution into their business
processes and functions.
What
is the Universal Marketplace?
The Universal Marketplace is our vision for the evolution of B2B e-commerce.
It's an open exchange that allows buyers and sellers to seamlessly trade
across different net markets. The Universal Marketplace Architecture is
our proposed Internet standard for an XML, agent-based communications
library to help enable the Universal Marketplace. Bizbots, CommerceNet
and many other organizations are currently working to develop and promote
Universal Marketplace standards.
How
do I find out more about your products and services?
Call us at (415) 538-7872 or email us at sales@bizbots.com.
How
can I get more information for a media assignment?
Contact Joanna Schulman at (415) 538-7872 or joanna@bizbots.com.
Whom do I contact regarding job opportunities at Bizbots?
Please send us an electronic resume: jobs@bizbots.com.
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