E-Commerce describes the process of buying and selling or exchanging of products, services and information via computer networks including the internet.
Electronic commerce is a modern business methodology that addresses the needs of organizations, merchants ad consumers to cut costs while improving the quality of goods and services and
increasing the speed of service delivery. E-Commerce refers to the paperless exchange of business information using Electronic Data Interchange, Electronic mail, Electronic Bulletin Boards, Electronic Funds Transfer and other network based technologies.
E-Commerce is often misunderstood to be limited to buying and selling of goods and services over the internet. Actually, commerce solutions are a lot more than just handling of business transactions and fund transfers over the internet. It defines new forms of doing business. In addition to providing selling and buying services, commerce solutions can provide a complete system of services built into an organisation’s digital nervous system so it supports the sales processes and provides total account management.
