E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. The terms e-commerce and e-business are often used interchangeably. The term e-tail is also sometimes used
Following the e-procurement trends over the past 20 years highlights some successes but some challenges too. There is no doubt that the Internet is drastically changing the way purchasing is done globally. It has grown and evolved into a complex marketplace with many players offering a variety of e-procurement and business-to-business services. E-procurement is a
E-procurement advantages are becoming more evident as the wider understanding of its many uses become apparent. The main reason companies have embraced e-procurement is to increase productivity, provide visibility into day-to-day transactions and make it easier for users to get the supplies that they need. It has not been an easy road for e-procurement as
Leading companies are realizing that there are many benefits to using P2P technologies to improve their procurement processes. And, if you’re considering it as an option you might be wondering how you can ensure successful implementation. A helpful strategy to achieve that is to understand what might stand in your path as you try to
Procurement software options constantly evolve. In this article I will focus on standalone solutions, not those that reside within Enterprise Resource Planning (ERP) systems, such as Oracle or SAP. 1.Spend Analysis. Spend analysis software allows you to uncover purchasing patterns and identify opportunities for cost savings, performance improvements and overall efficiencies. Using spend analysis software,
Four types of P2P integrations areas where eProcurement or other frontline buying systems are integrated in real-time: 1.The first (and most common) is integration into core ERP/MRP environments focused on core financials and inventory. We should note that rarely is any financials integration “vanilla,” even in the case of standard ERP/MRP integration, which often forms
The global fintech market attracted $5.4 billion in investments during the first quarter of 2016, which represents a 67% increase over the same period a year ago, according to Accenture. While start-ups have attracted the lion’s share of investment, many large commercial and investment banks are determined not to be left behind by investing in
The word Fintech comes from the union of two words Fin = Finance and Tech = technology. One of the main purposes of the Fintech is to reduce the infrastructure costs of financial institutions. It is not necessary to have a network of branches with offices or with the customer service personnel that have all
The constantly evolving face of the financial technology startups covers a wide variety of technologies, audiences, and services. How, then, do we sum up its contributions to business in one short article? If we had to sum up the core commonality across the spectrum, I think the common threads would be increased accessibility and speed.
With the modern business world depend on web application perform various automated and user activity, a hacked or web application security breach and the need for call out forensics investigation is obvious, at least learn how it is happen, what being compromised, and more important, how to learn from the lesson and secure the entire