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B2B transaction processing: doing business with your partners over the Internet

Engaging your partners to conduct e-business – what Xenos refers to as “B2B over IP” – requires one to overcome three problems:

The transport problem:
Each transaction needs to be securely and reliably transported, from source to destination. Security prevents unwanted parties from viewing your data. Reliability means that delivery is guaranteed.

The translation problem:
Expect that each transaction will likely have to be translated, or transformed to ensure that it is in the formats that your trading partners expect. In addition, their needs change on a daily basis, and rarely conform to published standards. Changes to translations need to be performed quickly, or you risk losing business. Expect the unexpected.

The routing problem:
Lastly, transactions will need to be routed to the appropriate people and systems that can process them. Just as the transaction format can change, your business processes are likely to change, as well.

B2B over IP solutions that address these problems are fast becoming the ideal “capture, transform and transport” transaction management solution for a host of industries, including transportation, healthcare, finance, insurance, manufacturing, and wholesale and distribution. B2B over IP enables companies to streamline their transaction brokering, M & A, claims, supply chain management and logistics management.

For smaller companies, business-to-business transactions over the Internet are fast replacing value-added networks (VANs), which have historically carried Electronic Data Interchange (EDI) transactions. VAN-based EDI can deliver considerable cost benefits for high-volume users—those whose transaction volumes are in excess of $10 million a year. For an estimated 85 percent of businesses VANs, however, are simply too costly.

With the ubiquity of the Internet, smaller companies can now rely on B2B/IP solutions to deliver the secure connectivity they need to send EDI transmissions over a public IP network. Text files, spreadsheets, and other sensitive information can be processed in real-time over the Internet.

B2B/IP has become so user friendly that businesses can add new trading partners to their networks easily and without the need for highly trained technical staff. What’s more, B2B over IP solutions enable businesses to leverage their legacy investments—they can add new trading partners using the software and at the same time continue VAN-based trading practices with specific partners.

Learn about Xenos terminalONE, our product that delivers B2B over IP for companies large and small.

Capture, transform and transport your business transactions with Xenos terminalONE.