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Why E-COMMERCE …? And how does it effect in E-finance?

e-business structure
Now this is time to implement your business skills through E-commerce. I know that some amount of marketers who have already designed their business structure with E-commerce business solutions. Now what is e-commerce? And how does its effecting in this business world.

Let see a flash back about E-commerce. Since 1970 electronic commerce was established with a good technology. People used to do some electronic transactions like EFT, (electronic fund transfer), EDI(electronic data interchange) etc . . . . After 1980 maximum person started using Credit cards, Automated teller machine in E-commerce. From 1990 E-commerce has been additionally included in ERP (enterprise resource planning), Data mining, Data warehousing. And you can see that in ERP there is special program call SAP has come with more E-commerce related module like CRM (customer relationship management).The concept has been implemented with more & high technology. Today E-commerce means buying or selling goods/services on the net. You will see that all big retailers are doing their business in the World Wide Web. Because they can find out more & more customer on the net. Today each & every industries are coming with their website to get the popularity. It’s a technology calls information and communication technology. By this, people are doing E-Business. (What is e-business? I will discuss later on)

It will be heavy subject to discuss. And the inventory management, online transaction processing, internet marketing, SEO (Search engine optimization), electronic data interchange, supply chain management and automated data collection systems the entire subject will be coming to discuss about E-commerce.

Let see how finance is related to E-commerce:

Today Finance is more depending on E-commerce. From the internet you will get each & every finance services. Starting from the banking to real state, any kind of insurance to mortgage, loan, investing, and any financial consultancy. You don't have to go any where to get all those things. Yes I am talking about e- finance.

In my next post I will discuss more about it…………………….

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