PricewaterhouseCoopers Launches Its Business-To-Business Marketplace



PricewaterhouseCoopers yesterday unveiled e.conomy (www.pwc-economy.com), a Web-based business-to-business marketplace designed to deliver price discounts and help member companies exploit the potential of E-commerce.

E.conomy is a purchasing consortium with PricewaterhouseCoopers serving as the anchor member. It allows member companies to purchase goods and services such as office supplies, temporary staffing services, software, and company travel at reduced prices. So far, more than 20 initial member companies have joined.

"E-business is a top strategy priority for PricewaterhouseCoopers," says Richard Beaumont, global E-business leader for the assurance and business advisory services practice for PricewaterhouseCoopers. "And this new site demonstrates how we approach business as an E-business."

While other marketplaces exist, e.conomy is the first initiative launched by one of the major consulting firms. Beaumont anticipates that others aren't too far behind. "Once we get up and moving, I'd expect to see more of our competitors in this arena. We're willing and ready to take on the competition."

Beyond the benefits of leveraging buying power within a consortium, e.conomy offers other features as well. These include access to a best practices section with tools, tips and how-to guides covering procurement strategy, contract negotiation, and commodity sourcing tips. E.conomy also provides streamlined procurement control and compliance reports to help members better monitor and manage costs. Companies using the service also get individual e.conomy Web site home pages that can be customized to create a one-stop shop for members' complete procurement needs. Suppliers that contract with e.conomy buyers benefit by reducing their selling costs and gain access to new markets, according to PricewaterhouseCoopers.

E.conomy was launched this month in all regions of the United States, and will expand into Canada, Europe, and Asia Pacific early next year.

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