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The new solution, called Procurement Express, will provide a pre-packaged, low-cost solution that can provide a rapid return on investment and scale easily to meet an enterprise's growing e-commerce needs, said Commerce One.
"We're trying to take the functionality and the benefits of procurement that have been available to the Global 2000 companies and enable tens of thousands of companies around the world to benefit from the power of e-procurement," said Paul Sullivan, director of global alliances at Commerce One.
"It offers a behind the firewall implementation to these enterprises. There are a lot of hosted offerings out there for smaller organisations but you sometimes lose the control, the customisation ability and the integration to existing applications with hosted offerings," Sullivan said.
Procurement Express is designed for small and medium-sized businesses that cannot afford the expensive enterprise grade software to deploy private marketplaces, but still want to leverage the costs savings from online procurement, officials said.
The solution includes hardware, software, services, and content necessary for businesses to move their purchasing processes onto the Internet, and is available from Compaq Global Services and Commerce One e-marketplace partners.
Joan Jacobs, Compaq's director of the Commerce One alliance, said the deal should also help Commerce One marketplaces achieve rapid liquidity by serving as massive deployment onramp for the mid-market.
Once small and medium-sized businesses become established using the online procurement functionality, they may opt to become suppliers themselves to the marketplaces, she added.