| What is E-Commerce', 'Electronic Commerce (EC) is the paperless exchange of business information using Electronic Data Interchange (EDI) and related technologies. The cutting edge for business today is E-Commerce (electronic commerce). As you launch your electronic business on the Internet, it is necessary to analyze your company and business process.
- Identification - Identify the type of business you are in
- Evaluation - Evaluate the Internet as your sales and distribution channel
- Goals - Set realistic goals on your online venture
- Reduction - Use the Internet to cut costs
- Sales - Use the Internet to increase sales
- Shopping - Design the appropriate shopping experience for your customers
- Profiling - Get to know the needs of your customers
- Public Relations - Advertise and promote your site
If you are familiar with Electronic Mail (E-Mail), computer bulletin boards, facsimile machines (faxes), Electronic Funds Transfer (EFT) You can very well understand what is e-commerce. These are all forms of EC. All EC systems replace all or key parts of paper-based work flow with faster, cheaper, more efficient, and more reliable communications between machines. In today's Defense Department procurement arena, however the most important EC technology to know about is Electronic Data Interchange, or EDI.
Creating Customized Shopping Cart :-
Shopping Cart is like a store front where you can display your products, catalogue, price etc. The customer comes to your store through website and selects the item which he requires, after selection gets completed he will be shown with the total amount to be paid for the items he has selected. He would be given an option for paying through Credit Card and complete the transaction.
Approaching Payment Gateway Service Provider :-
Now the Payment Gateway Service Provider comes into picture that are authorized to accept credit card on behalf of merchant. It may be a Bank or Authorized Company who can accept and process credit card online. They Provide us with the payment gateway software that needs to be integrated with the website to enable secure transaction.
Integrating Payment Gateway with your Website :-
This is very important part and the last stage of completing you e-presence. Our Team at Recent Technologies will integrate the Payment Gateway software with your website to carry online transaction safely and securely.
Advantages of E-business
- Expanding market reach
- Greater Visibility and Brand awareness
- Closer Relationships
- Reduce marketing and communication costs
- Customer Loyalty and Database
- Time to Market
- Planning and forecasting
- Information Collection and dissemination
- Integration with existing systems
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