eCommerce Overview
What is eCommerce?
eCommerce is the conducting of business transactions or communications over computer networks and the internet. This exchange of information, goods, services, and funds takes place electronically.
Benefits of eCommerce
The automation of business transactions or communications can help to enable savings, efficiencies, and accuracy across the revenue cycle. These benefits include:
Contracting
- Access to Contract Pricing
- Automatic Upload of Contract Pricing
- Reduced Price Discrepancies
- Reduced Item Master Maintenance
Purchasing
- Streamline Order management Process
- More Efficient Exception Management
- Reduced Purchasing Personnel Labor
- Enable More Accurate Purchase Orders
- Receive Advanced Ship Notices
Invoicing
- Faster Invoice Delivery
- Reduced Paper Invoices
- Increased Invoice Matching
- Increased Access to Early Pay Discounts
- Streamline Invoice Approval Process
Payment
- Reduction of Paper Checks
- Increased Access to Early Pay Discounts
