eTranzact B2B Service
The B2B services of eTranzact provides a comprehensive e-Business platform for B2B (Business-to-Business) operators. In recent times, most of the B2B operations include;
- Payment for goods (distributors)
- Suppliers' payment
- Credit facilities to distributors
- Stock management
- Corporate Payment (Salary and Pension Payment and Administration, etc)
The eTranzact B2B services harmonizes these operations in a fashion that enables you to offer satisfactory eBusiness services to your customers. It is made up of interfaces to integrate with existing backend and applications for process automation purposes. The eTranzact B2B services helps you achieve your goals of improving business-to-business (b2b) or business-to-consumer (b2c) capabilities by enabling you to implement and monitor an eBusiness model that takes your organization to the next level of efficient and profitable expansion. eTranzact B2B services can help you in the following ways:
Customer Categorization and Setup: Customer categorization and setup gives you the flexibility to categorize and setup your customers, distributors and partners. With categorization, customer's orders and purchase capabilities are within a defined set of parameters and this serves as a control measure to customer behaviour. Categorization can be based on any of the following parameters and these parameters define customers' orders and order limits.
- Type of goods – defines the type of goods to order
- Ordering/purchasing limit – defines the ordering/purchasing power of that category. Any attempt to go beyond this limit requires an authorization process.
- Credit level – defines the credit level/limit of customers if your organization offers credit facilities to his customers and/or distributors.
Automated Ordering and Purchasing: This function allows your customers, distributors and partners to make orders online and make payment for orders made. Orders and payment information are routed to store and accounts departments respectively. This routing process informs accounts department of payments made for orders and also instructs the store to release ordered goods to the customer, distributor or partner.
If you offer credit facilities to your customers and/or distributors, this service recognizes customers' credit level and limits them to their respective credit level. If a customer makes any order beyond his credit level, an authorization step is included to charge his eTranzact account with the excess order.
For customers and/or distributors who are given credit facilities, a payment period can also be setup, which instructs the eTranzact payment engine to debit each customer's eTranzact account and credit your company's eTranzact account with respective transaction values. An exception report is printed for customers, distributors or partners whose account are not properly funded to off set amount of indebtedness.
Suppliers' Payment: eTranzacts' B2B service removes the drudgery of the check writing and signing process involve in normal suppliers payment administration. Payment schedules can be prepared on the eTranzact B2B processor. A authorization process workflow is included that organizes and manages any payment process. This service uses the payment schedule to debit your eTranzact's account and credit each of the supplier's eTranzact account and this automatically updates the accounting system of your company. This saves the`time`and high cost involved in cheque writing and cheque printing. eTranzact B2B adheres to all your authorization control levels through the in-built workflow system.
Corporate Payment: This is usually used for staff salaries and it operates just like the Supplier Payment Module above.