There is far more to achieving great online business reports than just setting up a site to sell products. Our digital agency knows how to set you up with an e-commerce and e-procurement system that will give you full control over all parts of your business’s online operation.
E-commerce systems allow you to accept electronic payments for online transactions. There are a number of different payment systems to choose from, including traditional credit and debit card processing. New technologies like e-cash., digital wallets, and e-checks are developing too. Some systems allow third parties to complete the online transaction. PayPal is an example of this system.
Electronic bill presentment and payment, or EBPP is a newer technique that allows consumers to look at their bills online and pay them electronically. These systems are commonly used with utility, web, and phone service bills. Many companies allow use of major credit cards in the bill payment sections of their websites as well.
E-procurement, or electronic procurement is sometimes called supplier exchange. It is the business-to-consumer, business-to-government, or business-to-business sale and purchase of supplies and services over the web. Normally, e-procurement websites let registers users look for buyers or sellers of goods and services. Depending on the type of site, the buyers or sellers may invite bids. Transactions can be initiated and completed online. E-procurement software can even automate certain buying and selling processes. Companies that use e-procurement services can control their parts inventories better, reduce overhead, and make their manufacturing cycles more efficient. The latest generation of e-procurement software is done with an application that incorporates features for supply management and complex auction procedures.
When companies integrate e-procurement into their business model, operational efficiencies multiply through cost savings, cost comparisons, ease of access, quicker turnaround times, and ease of use of the system. Organizations that use e-procurement can automate the procurement work steps. They can control inventories, cut down on purchasing costs, improve delivery schedules, and generally become more efficiency.
E-commerce and e-procurement are gaining widespread use as businesses realize the greater efficiency of these systems. Inefficiencies due to paper processing, and internal inconsistencies in procurement procedures are diminished or cut out altogether. Digitalbroadcasters is there to help you put these efficient processes to work for your company so you can start realizing gains from improved efficiency.