Move Over B2B Exchanges, Business Networks Are Here!
- January 24th, 2013
- By: Navdeep Sidhu
Exchanges documents for business transactions between 2 companies has been the de-facto model for decades. The number of documents and the size just goes up every year increasing cost and complexity. Cloud adoption for B2B may change all of that.
In a November 2012 blog post entitled “Forrester Introduces The Business Network Concept,” Forrester Research, Inc., Principal Stefan Ried has defined a concept called ‘Business Networks’ which injects the missing component ‘Trust’ in these B2B exchanges. As companies move towards Cloud and move critical pieces of IT like CRM and ERPs into Cloud, conducting B2B in the cloud becomes the next step.