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In their article Richard Wise and David Morrison stressed the upcoming importance of fast development of B2B-business-to-business commerce, especially in relation to the financial services industry
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In their article Richard Wise and David Morrison stressed the upcoming importance of fast development of B2B-business-to-business commerce, especially in relation to the financial services industry. Recently we can observe serious steps being made in the functioning of the financial markets, and the role they play in the business-to-business commerce cannot be overestimated. Basically, looking at the picture of contemporary business models it's easy to see that internet plays indispensable role in the commercial progress, which brings numerous and serious benefits to the companies. Business-to-business transactions were (and still are for some companies) based on a complex network of inter-connections, with every connection being different for each supplier or buyer. Errors of transactions, such as stock quantity and type, were commonplace. However, the Internet has provided a means, compared to EDI (Electronic Data Interchange), in making transactions flawless, easier and more profitable. The problem has arisen due to companies rushing to...
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