B U S I N E S S S O L U T I O N S

Every financial transaction at some point turns into an electronic process, the sooner (or earlier) it becomes an electronic transaction for a business, the more cost effective the transaction is. Businesses can gain more control, flexibility, automation and be able save time when manual transactions are turned electronic. Time saved for businesses gives them an allowance to perform more transactions and not be limited by their human factors.
E-Commerce (EC) Business Solutions are more than just being able to setup an online web store (which is a common myopia). With EC implemented in businesses, companies can automate their entire processes, that otherwise are costly, error-prone and heavily time-dependent. Today EC is being used in everyday life, and yet many of us fail to recognize it; a credit card authorization, travel reservation over a network, wire funds across the globe, retail Point of Sale terminals, electronic banking, centralized payroll processing for a geographically spread organization are all examples of EC.
Businesses today are looking at a cost-efficient manner to port their data from various sources and points of presence, perform a financial calculation on it and be able to execute the transaction....all electronically. This involves using public networks, or private leased lines, using EDI (Electronic Data Interchange), it can also evolve to mobile users and offices having the facility to access their corporate databases, in a secure manner. For banks and other financial institutions EC can translate to Internet banking, credit card backend / front-end, ACH integration, wire and Fed wire options, integration to their SNA network, being able to communication with external networks like SWIFT and Visa's ePay, to have transactional banking facilities for their corporate clients, inclusive of EDI and dial-up PC banking etc.
All this is not hype or a futuristic scenario, all this is being implemented today, worldwide and many corporations, and banks are racing to get themselves strapped in the seat with EC.