29 Aug 2013 07:05
29 August 2013
RNS Reach
blur (Group) Plc
("blur Group" or the "Company")
s-commerce firm blur Group further augments 3.0 platform with automated billing
blur Group, the company that is reinventing commerce at blurgroup.com, is continuing to industrialise many of its platform features and improve its s-commerce proposition with a new advanced billing system and enhancements to the blurSense system.
Building on blur's 3.0 platform launch earlier this year, the new billing system will automate the statement of work and payment schedule within the Global Services Exchange. This move is specifically designed to help blur Group continue to scale to facilitate SME volumes as well as new corporate customers with project values of $5m+. The advanced billing system will in the future enable blur to consider self service solutions and multi-device operations as well as very high volume auto-payment mechanisms.
blur Group has enhanced blurSense, the automatic selection tool on the Exchange. This now includes a data centre to analyse the vast quantity of customer and expert data within the platform and further streamline the customer experience during the pitch shortlist and selection stages of the s-commerce process. blurSense also now adds machine intelligence based ratings to both service provider pitches as well as the service providers themselves. In the future, it will develop Big Data tools and perspectives on buyers, sellers and broad services industry intelligence.
blur Group CEO, Philip Letts commented, 'These process and platform enhancements are part of the stated roadmap made possible through the secondary fundraise completed earlier this year. We are committed to maintaining our lead at the forefront of the s-commerce industry through continually augmenting and expanding the capability and scope of the Global Service Exchange. Like blurSense, this new payment update will help us begin to industrialise features of the business, allowing customers - old and new - to speed through the procurement process at rates before unimaginable. They all use blur's new API which will be released for more public use in 2014.'
-ENDS-
For further information please contact:
blur (Group) plc | investors.blurgroup.com |
Ravi Pau - PR Manager | Tel: +44 20 3176 0548 |
N+1 Singer | |
Shaun Dobson / Matt Thomas | Tel: +44 20 7496 3000 |
Newgate Threadneedle | |
Caroline Evans-Jones/ Josh Royston/ Hilary Millar | Tel: +44 20 7653 9850 |
About blur (Group) plc at blurgroup.com
blur Group is a technology company reinventing how businesses do commerce at blurgroup.com. Its Global Services Exchange delivers services differently: a new way to buy, manage and pay for core services. Approaching 35,000 businesses in 141 countries have adopted this s-commerce platform and changed the way they work.
blur Group (BLUR) is a public company headquartered in the UK with offices in the US and Europe. It is listed on the London Stock Exchange's AIM market. blur was founded in January 2006 and launched in alpha in 2007 with the full, formal launch of the Global Services Exchange in January 2010. At that time, just over three projects per month were submitted. Now, nearly 150 projects start on the exchange each month. Customers include Danone, Broadridge, Coral, Exceed, HCA, Momentive, Red Commerce, the Financial Times, Berlitz, Butlins, GE Healthcare and Tyco. Over the same time, average project value has grown from approximately $1,500 in 2010 to $22,943 in Q2 2013.
Today, over 2,500 projects have been submitted with a combined value of above $42.0 million. These have come from the US, UK, Europe, Africa and Asia with over 30,000 expert service providers on eight exchanges responding to them.