SAP, Shanghai Telecom in Net deal

German software provider SAP has signed an agreement with Shanghai Stateline Telecom to give Chinese companies a digital, Net-based way to manage their businesses and trade online.

German software provider SAP has signed an agreement with Shanghai Stateline Telecom to give Chinese companies a digital, Net-based way to manage their businesses and trade online, China Central TV reported on Friday.

SHANGHAI (SCMP) - Sellers and buyers could use the custom-made digital platforms for tasks such as negotiating prices, signing contracts and making payments online. This type of management would cut costs and increase efficiency.

The system is to be set up by Shanghai Stateline Telecom, and SAP would integrate Internet applications, special online data centres and Net-based services to co-ordinate business resources and do consultations. According to SAP, an enterprise using this service could save almost 60 per cent on purchases, 30 to 70 per cent on other trade and 25 to 40 per cent on inventory.

Shanghai Stateline Telecom, which specialises in advanced Internet services, has begun an e-trade platform for Quzhou Juhua Group Corp, a major chemical industrial base in Zhejiang province. Its also doing a project for Hangzhou Jiebai, a listed commercial firm in the same province, CCTV reported.