Epic Systems Inc., a member of the Open Buying on the Internet Consortium, has announced the release of Instant OBI, an on-line procurement system.

Epic said Instant OBI is the first low-cost, turnkey application of its kind for the business-to-business market, based on the Internet purchasing standard spearheaded by American Express Co.

"The market is hungry for a low-cost OBI buy-side application," said Jeff Leland, co-founder of Epic Systems.

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