Sausage Banks On St George

St George Bank has agreed to
market business to business (B2B) technology company Sausage Software’s tendering
technology to its 80,000 business clients.

Under the agreement, St George will introduce and market the Open Trade
Network (OTN) technology to its business clients and new customers through
relationship managers and commercial branches.

The OTN system will facilitate B2B exchange by matching buyers and
sellers online in local, national and global transactions in over 3,000
supplier categories.

When a buyer initiates the sale process, relevant sellers automatically
receive new buying inquiries without having to search. Seller may then
respond to the buyer, sending messages or quotes, establishing a line of
communication and negotiation via OTN.

Sausage chief operating officer Alan Studley said that OTN “enables
businesses to buy and sell in expanded market networks with less effort,
greater efficiency and better results”.

Studley said the deal positions OTN to achieve a “critical mass” of
users across a range of industry sectors.

“Just like the B2B market itself, once the key players have signed up,
everyone who buys and sells to them are drawn into the network – it becomes
difficult to compete from the outside,” said Studley.

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