Business Networks Come of Age: How Technology is Delivering Strategic Benefits Across the Procure-to-Pay and Order-to-Cash Worlds

More global trade and commerce is conducted electronically than ever before. At the center of an increasing number of these transactions lies a business network that facilitates commerce between buyers and suppliers.

Business networks are “many-to-one-to-many” networks that make it easy for lots of trading partners to connect with one another. Over the past several years, business networks have evolved from simply exchanging documents to facilitating the seamless execution of critical Procure-to-Pay and Order-to-Cash tasks jointly in the cloud, rather than separately in each trading partner’s systems.

This white paper describes the expanded capabilities of business networks, and shows how the technology delivers strategic benefits to Procure-to-Pay and Order-to-Cash departments and details some of the functions provided by business networks including:

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Business Networks Come of Age: How Technology is Delivering Strategic Benefits Across the Procure-to-Pay and Order-to-Cash Worlds

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