B2B Networks: Still Trying to Solve the Paper Problem in Commercial Payments
Dec 07, 2012 (M2 PRESSWIRE via COMTEX) --
Research and Markets has announced the addition of the "B2B Networks: Still Trying to Solve the Paper Problem in Commercial Payments" report to their offering.
New Research From Mercator Advisory Group Examines Developments In Electronic B2B Payments Technology
Mercator Advisory Group's newest report examines the rapidly growing market for e-invoicing and e-payables applications. Companies around the globe are expressing interest in the ability to convert purchase orders, invoices, and payments to electronic formats and vendors are likewise responding on an equally global basis. This research reviews the companies behind a number of the largest B2B networks and the functionality of each vendor's solution.
Nearly all corporations are faced with the challenge of earning more with less and finance and treasury officers are finding that automating invoice capture, approval, and payment provide several opportunities for reducing costs. There are many B2B networks for a company to choose from, but there are also several barriers that vendors must overcome to make their solution work for both buyers and suppliers.
"The cloud is the new channel for B2B communications and payments. The architectural efficiencies of B2B networks is reducing the costs of financial supply chain automation and provides a compelling business case for implementing procure-to-pay and order-to-cash solutions," comments Michael Misasi, Research Analyst at Mercator Advisory Group and the author of the report.
Highlights of the report include:
- A 10-point feature functionality checklist for B2B networks.
- An overview of 30 of the largest B2B networks including, number of member suppliers, annual revenue, payment volume and ownership structure.
- An analysis of major e-payables vendors and the types of payment supported by each company's solution.
- Mercator Advisory Group's assessment of the progress B2B networks are making toward paperless B2B commerce and interoperability.
Key Topics Covered:
The Cloud Succeeds Where EDI Fails
The Complexities of B2B Transactions
Mercator Advisory Group 10-Point Checklist of B2B Network Attributes
Connecting P2P and O2C
Removing Barriers to Electronic Payments
A Long List of Characters
Payment Services Providers
Networks Are Evolving
Where Progress Is (and Isn't) Occurring
Paperless Business Processes: Yes
Network Interoperability: Not Yet
Figures and Tables
- Bottomline Technologies
- Direct Insite
- JPMorgan Chase
- Liaison Technologies OB10
- Wax Digital
For more information visit http://www.researchandmarkets.com/research/wh4xbq/b2b_networks
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