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” EDI is a mechanism that allows companies to exchange data electronically, to replace manual communication channels like fax or paper correspondence. However, it isn’t just the use case of buyer-supplier collaboration and communication in which electronic data is now a must. The technology first emerged in the 1970s.
J&J’s Nawaz stated that the new digital reality has forced companies (including his own) to focus on being responsive and agile to make supply chains resilient even while ticking off the mandatory compliance and governance aspects tied to supply chain management. Did you get what we sent you?’” Improving the B2B Customer Experience.
He told Webster that no matter the transaction — whether B2C, C2B or B2B — it is of critical importance for supply chain ecosystems to ascertain that the full value of payments will come, without delay, into accounts once transactions are complete. The Challenges of Cross-Border .
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From Bramasol's perspective as a leading SAP partner creating business management, finance, and compliance solutions for over 25 years, here are five major areas that we are watching closely and helping our clients prepare to deal with in the coming year - and beyond.
Variations on the XaaS theme include Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Storage as a Service (StaaS), Database as a Service (DBaaS), Disaster Recovery as a Service (DRaaS), Communications as a Service (CaaS), and Network as a Service (NaaS).
That’s especially true for corporate and B2C transactions, he said. Ferrabee noted that ISO 20022 helps satisfy compliance mandates tied to anti-money laundering (AML) and know your customer (KYC), and carries the same data as seen on checks (account info, banks and dates) that has been a mainstay of B2B.
We’ve watched the payments industry address changes in customer behavior, shifts in compliance rules (GDPR, UBO, CCPA, EMV), the introduction of cryptocurrencies and the race to move money faster. The great mass exodus to near-field communication (NFC) payments that the world expected five years ago this month never quite happened.
They were very interested in the company’s suite of primarily communications technologies, CC mail, Lotus Notes, because the sort of networking boom had already started up, and they saw a world where all of these PCs would be interconnected. ’cause it had been very much a kind of B2C phenomenon, right?
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