Monday February 14, 9:15 am Eastern Time
Company Press ReleaseSOURCE:
XMLSolutions Corporation Introduces the Only Global Solution for Bi-Directional XML-EDI Transactions
XEDI Translator Transmits All EDI Documents Electronically to All Trading Partners
MCLEAN, Va., Feb. 14 /PRNewswire/ -- XMLSolutions Corporation, the premier
provider of XML-based EDI solutions and XML Schema Management products and
services, today announced the general availability of XEDI Translator 1.0.
This breakthrough technology enables companies using EDI (Electronic Data
Interchange) to automatically translate documents to XML, the language of
XEDI's component based pricing starts
between $5,000 to $25,000 and is based on number of trading partners.
``XML is emerging as an important technology enabler for business-to-business
electronic trade,'' stated Philip Russom, an industry analyst at Hurwitz Group,
``Even so, many companies have significant investments in
mature and robust EDI-based solutions that should not be displaced. There's a
need for tools that can translate between XML and EDI standards, since
electronic supply chains in the near future will bring together partners who
must transact trades through a variety of XML-based and EDI-based solutions.''
Unique Global Technology
XEDI Translator (pronounced zee-dee), is the only EDI to XML translation
product on the market to provide the ability to translate every ANSI X12
transaction and EDIFACT message into XML.
This technology delivers an e-
commerce solution to paper-centric trading partners.
According to Dr. Charles Goldfarb, the father of markup languages and
inventor of XML's parent, SGML, ``XMLSolutions' XEDI Translator makes ingenious
use of XML's ability to represent any semantics in a single universal syntax.
Instead of treating each EDI message as a unique document type, the software
cleverly handles all messages consistently. It is therefore ''future-proofed``
for any new or revised messages the standards committees might create.''
Sizeable Return on Investment
As a result of using XEDI Translator, companies that perform electronic
trade transactions with their non-EDI trading partners can achieve significant
``XEDI Translator unlocks data tied up in EDI systems, thus enabling the
enterprise to leverage its business-critical information for partners,
customers and the entire supply chain at Internet speed,'' said Kate Fessenden,
Research Director, Enterprise XML, Aberdeen Group, Boston, MA.
``In fact, XEDI
Translator processes an invoice in a streamlined and automated way that pushes
the cost down by a significant factor - cost savings of up to 90% can be
realized according to some estimates.''
Ethyl Corporation, (NYSE: EY - news) Richmond, VA, is using this new technology
to greatly expand its trading community.
``We are confident that XMLSolutions'
XEDI Translator will play a key role in handling existing EDI files in our
ongoing e-business strategies,'' said Mike Giesler, CIO, Ethyl Corporation.
XEDI Translator is the comprehensive solution for major companies in all
industries, including healthcare.
``XEDI Translator is one of the most robust
XML-based applications that I have seen,'' said George Wright, Manager of
Metadata/Information Services, Kaiser Permanente, Pasadena, CA. ``Due to the
unique nature of this technology, it has the potential to enable a company to
increase its digital trading community upward of 500%. Its use in healthcare
will have a profound and immediate impact on the healthcare industry.''
XMLSolutions is committed to expanding the reach of existing EDI systems
to new and existing paper-centric trading partners.
In keeping with this
commitment, XEDI Translator 1.0 delivers solutions that provide:
-- The Broadest Support for EDI
The XEDI Translator provides the ability to translate EVERY X12 and
EDIFACT document to XML. The resulting XML can then be mapped to
emerging XML standards such as Commerce XML (cXML), Financial
Products Markup Language (FpML), and Electronic Business XML
-- Expanded Trading Communities
By delivering EDI to the Internet through the use of XML, the Global
2000 are now capable of adding new partners to their supply chain
that previously were not accessible through electronic means.
-- Cost Reduction in Trade Transaction Processing and Fulfillment
The ability of the XEDI Translator to leverage existing EDI systems
means that the millions of dollars spent years ago to connect
backend systems to EDI systems are not thrown away, but simply
expanded to include a greater realm of trading partners.
-- New Trading Partner Opportunities for the Global 2000
With the ability to reach smaller companies electronically through a
simple web interface that requires only a web browser and a
connection to the Internet, Global 2000 companies are now capable of
seeking out new trading partners that previously were not
electronically enabled due to the steep costs of implementing EDI
``Today most organizations seek innovative cost reduction methods and are
interested in expanding their electronic trading community to their entire
supply chain,'' said Kevin Kail, CEO of XMLSolutions Corporation. ``XMLSolutions
continues to deliver innovative solutions that allow companies to reduce the
costs associated with traditional trade transactions.''
About XMLSolutions Corporation
XMLSolutions is a provider of B2B e-commerce products and services that
customers to electronically communicate with all of their customers
and suppliers without human intervention.
Leveraging products and consulting
services, XMLSolutions also allows customers to:
-- Manage XML application development and deployment through DTD/Schema
management and programming utilities.
-- Enable legacy systems and data to participate in the e-commerce
revolution with the potential to save companies months of labor and
millions of dollars.
-- Rapidly implement XML Application Integration (XAI) initiatives
through custom application development using leading-edge products.
XMLSolutions is headquartered in Northern Virginia, with offices in
Atlanta, Charlotte, Chicago, New York, San Francisco, Bangalore, India and The
XMLSolutions and XEDI Translator are trademarks of XMLSolutions
Corporation, McLean, VA.
All other product names and trademarks mentioned
herein are trademarks of their respective owners.