Covisint
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Covisint aims to securely connect the global automotive industry through a shared portal and marketplace. It provides identity management, collaboration tools, and secure data exchange between organizations. Since 2000, it has expanded these services to healthcare and other industries. Covisint uses a cloud-based platform and fee model to help businesses securely connect, communicate, and collaborate with partners through shared applications and processes.
Covisint
- 3. Covisint Portal Covisint’s goal: to deliver a secure marketplace, portal and application sharing platform for the global automotive industry. Covisint enables information ecosystems by providing secure communication and collaboration between people and systems in remarkably simple ways. Since 2000, Covisint has offered industry-specific services for identity management, collaborative portals and data exchange, as well as a third-party application marketplace. Leveraging widespread success in enabling information ecosystems across the global automotive marketplace, Covisint has become a trusted partner to a global network of health systems, states, and physicians. Covisint is recognized as the only organization able to securely enable the healthcare industry to connect and collaborate across a vast network of applications, processes, and locations.
- 4. Covisint is a recognized as a cloud computing pioneer driving the on-demand evolution that helps organizations connect, communicate and collaborate with their partners—enabling anywhere, anytime information. The Covisint ExchangeLink™ Platform provides industry-specific services for identity management, collaborative portals and data exchange, as well as a third-party application marketplace. Covisint is a Compuware (NASDAQ:CPWR) company. Founded in 1973, Compuware provides software, experts and best practices to ensure applications work well and deliver business value. Compuware solutions optimize application performance across the Enterprise and the Internet for leading organizations around the world, including 46 of the top 50 Fortune 500 companies and 12 of the top 20 most visited U.S. web sites.
- 5. Reduce Complexity/Costs – transaction standards, networks, etc. Eliminate Information Latency – point to point vs. hub and spoke Increase Market Participation – single point of web access allows any company to participate Rapidly Address Emerging Industry Problems – new document standards can be rapidly deployed to solve problems such as technological obsolescence. Automotive Specific – the Covisint Exchange is designed and governed to specifically handle automotive issues for greater value
- 6. Covisint—e-market of automotive industry B2B integrated buy-side marketplace General Motors Ford DaimlerChrysler Entire industry gains Lower costs Easier business practices Increased efficiency
- 7. Covisint - Consortium By using the Covisint portal, automotive firms would be able to buy and sell car components and ancillary materials on a global scale through inter alia holding virtual auctions or displaying catalogs online Its Internet capabilities include product development software that will allow interactive product designing, testing, and modifications, which should considerably advance the quality and rate of new car makes and manufacturing process improvements. Covisint is used as a means of achieving productive and allocative efficiency in manufacturing automobiles.
- 8. Features Operates one of the largest Identity Management-as-a-Service (IdMaaS) network in the world Collaborative platform enables companies of any size, location or technical sophistication to share vital business information and applications across internal and external business partners. Major offerings include security, portal and messaging as a managed service. Provides any-to-any messaging that transforms data across communities and between disparate systems. Outsourced on-demand model, which means faster time-to-value and reduced operating costs. Streamlines and automates business processes, globally connecting business communities, organizations, and systems.
- 10. The Covisint Automotive Industry Operating System Change the way the industry does business Substantially eliminate costs and provide greater access to information Achieved by adopting communication and infrastructure standards Quickly deploy applications to enable our customers to focus their activities on process changes to take full advantage of the applications Connect people and computers across the Global Automotive Supply Chain through an Automotive Exchange Mission Vision
- 11. Automotive Industry Operating System Components Covisint Connect - Enable your computers to exchange data with the computers of your partners with a reliable and secure XML based data messaging service Collaborate Application Gateway Covisint Connect Data Messaging
- 12. Covisint Communicate portal services features Covisint Communicate Supplier Supplier Supplier OEM OEM Single password sign-on to multiple trading partners Security Personalization Portal application rendering Directory User administration Launched January 2001 Covisint Communicate Portal Services
- 13. Reduced Supplier Communication Costs Reduce the amount of faxes, phone calls, and e-mails to the supplier base. Cost Avoidance Leverage industry shared support services for supplier registration, help desk support, application integration, and security management. Use the common portal framework and shared support services to avoid duplication of effort and costs across an enterprise. Reduced Operating Costs Industry leveraged approach to infrastructure services can achieve a lower cost than any single enterprise can achieve. “ Leveraging the hosted Portal Services from COVISINT has allowed Delphi to focus IT Investment on applications which drive higher Business impact and ROI” - Delphi Improved Customer and Supplier Management Enables consistent policies and information to be provided to suppliers globally Common, flexible architecture enables IT organizations to be more responsive to internal clients.
- 14. Competition E-distributor grainger.com, FindMRO.com E-Procurement – Ariba.com, CommerceOne.com Exchanges – ExchangeSteel.com, GEPlymerland.com Industry Consortia – Covisint.com, Sciquest.com Established brick-and-mortar players
- 15. Strengths Weakness Opportunities Threats First-mover advantage Established relationships, resulting in high switching costs for buyers Network effects create a competitive dilemma Status quo (imbedded EDI systems) Rapid technology changes could make its products obsolete. Larger and more established companies with significantly greater resources to commit to R&D, marketing support, etc Technology as a product faces obsolescence in a short term Covisint might generate both individual and collective switching costs International instability and foreign exchange rate fluctuation may hinder growth and revenues Collaboration and diversified buyer portfolio Possible government regulations on B2B e-commerce Access to larger customer bases
- 16. Revenue Model Several different fee structures Initial Membership fees For auctions a per event fee with a maximum cap additional add-on services on a full-service model, hand holding, setting up the auctions, bringing in the supplier, qualifying them. supply chain management application is a hosted application, and a subscription fee is charged for it Transaction fees Fee for service Membership fees Advertisement fees
Editor's Notes
- #4: Identity management (or ID management , or simply IdM ) is a broad administrative area that deals with identifying individuals in a system (such as a country, a network, or an organization) and controlling access to the resources in that system by placing restrictions on the established identities of the individuals. Identity management is multidisciplinary and covers many dimensions, such as: Technical – Employs identity management systems (identification, implementation, administration and termination of identities with access to information systems, buildings and data within an organization). Legal – Deals with legislation for data protection . Police – Deals with identity theft . Social and humanity – Deals with issues such as privacy . Security – Manages elements such as access control. Organizations – Hierarchies and divisions of access.
- #7: A buy-side electronic market is focused on procurement, supply chain management, and development, while a sell-side market is focused on the demand chain, i.e. the processes by which the goods reach the customer [ARCHER and GEBAUER 2000].
- #15: E-procurement is the electronic integration and management of all procurement activities including purchase request, authorisation, ordering, delivery and payment between a purchaser and a supplier (Chaffey, 2002).