By Matthew Southwell
EOS Technologies is looking to provide Middle East enterprises with enhanced business-to-business (B2B) e-commerce capabilities as it brings its online exchange technology to the local market.
EOS Technologies is looking to provide Middle East enterprises with enhanced business-to-business (B2B) e-commerce capabilities as it brings its online exchange technology to the local market. Based in Dubai Internet City (DIC), the company will boast between five and ten employees, all of who will be set on convincing the region’s businesses connecting to their suppliers digitally can accelerate the flow of documents, speed transaction times and cut costs.“EOS is rapidly expanding around the world… and it now has operations starting up here in the Middle East, from which it will offer local hubs the ability to connect to their suppliers via the internet,” says Alan Livingston, CEO of EOS Technologies, MENA operations.The EOS solutions include facilities for online tendering, auctioning, logistics and government applications. While these offerings can be tailored specifically for companies, the vendor will be offering three generic models in the Middle East. The first of these is a national type exchange that will serve smaller trading communities, such as those in Qatar or Oman, while the second is a corporate one that allows companies to utilise an EOS exchange to connect to their trading partners. The final model is based on vertical exchanges.“For example, within the UAE we have identified a number of markets, such as hotels, that all use the same suppliers and would benefit from taking their processes online together,” says Livingston.Anyone signing up to an EOS exchange can expect a number of benefits, according to Livingston. These include cost savings, greater data integrity and accelerated transaction times. “[EOS] provides one means of connecting to every single trading partner. It provides transparency so there are no lost documents or false accusations regarding the decision processes. Also, there are significant cost savings as it makes the procurement process faster and cheaper in terms of administration,” Livingston adds.