Opportunities are being created for Service Providers to offer new high value, revenue-producing services involving multi-enterprise transactions. Automating the exchange of transactions provides benefits for all parties involved.
- The time to complete a business transaction is reduced, speeding the pace of business
- The rate of errors from manual processes is reduced or eliminated
- Risk is reduced
- The per transaction processing costs are dramatically reduced
Along with a growing acceptance of outsourcing has come a growing interest in outsourcing processes in the form of external business services. There is a growing recognition that some services—particularly those dealing with multi-enterprise processes—are best handled externally and business is more accepting of such shared processes. This shift from proprietary processes performed within the Enterprise to shared processes provided by third parties will bring a significant new wave of business opportunity for Service Providers. The ability to cost-effectively create and deploy new shared services will be critical.
Service Providers must also enhance existing services to meet the growing and increasingly complex requirements of customer industries. Often, the technology currently in use is limited in its ability to meet these new requirements, cost-effectively.
Creating a Multi-Enterprise Application that can easily adapt and accommodate these new requirements and market demands enables Service Providers to pursue new markets, increase business with existing customers, and win new customers.
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