Vendor Business Rationale
Value proposition for vendors:
- Industry standard means greater assurance of system inter-operability, more leverage of development investment, faster software development, and reduced time for professional services implementation of new solutions
Business benefits & Compelling reasons to adopt:
- Less time to implement new solutions, lower integration costs
- Standards means that we do things for the greater good
- Ultimately will push competitors out of their proprietary, closed ways
- I de-risk connecting to third party applications that I have to connect to anyway e.g. financials, inventory, etc.
- Technology proof of concept at NRF 2003
- E.g. Triversity’s FraudWatch Loss Prevention can be fed by Triversity or 360Commerce POS.
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“Access increases value. Simplicity drives access. Standards drive simplicity.” John McGee, CTO Oracle