How to Implement E-com in your business?
How to Implement E-com in your business?
eCommerce is here to stay, and it's time to take advantage. As the global market becomes more connected, we are more likely to see an increased demand for convenient, mobile-friendly shopping solutions. Provided yours is a business model suited to this kind of addition, it is definitely the time to get ahead of your competitors and make sure your customers can get what they want when they want. In closing, think of it like this – are you willing to make your customers find your nearest branch in the real world, or would you rather your products are a click away?
If your answer is yes, read the article below and understand what things you should consider before and while implementing E-com in your business.
Just so you know, we have already discussed about E-com in earlier articles viz. Introduction, Benefits, Risks and Classes of E-com. You can use these link to those articles for further reference.
A few years ago, eCommerce portals were the sign of a mega brand testing the waters, but now it’s essential, particularly for a smaller business trying to stay competitive. Sure, there are risks involved, but the rewards of E-com make it worth it for all businesses of all sizes and status to opt for this wonderful innovation.
Factors to be Considered While Implementing E-com Applications in Business Processes.
Successful implementation of e-Commerce requires involvement of key stakeholders and should ideally include representatives from: accounting/ finance, internal audit, IT security, telecommunications, end users, system analysts, and legal.
Further, key trading partners, external auditors, and representatives from other institutions such as banks, trading houses, brokers, and other third-party services should also be involved to obtain valuable insight into the design and deployment of the e-Commerce solution.
To list a few, these are the factors to be considered:
- Implementing appropriate policies, standards and guidelines
- Performing cost benefit analysis and risk assessment to ensure value delivery
- Implementing the right level of security across all layers and processes
- Establishing and implementing the right level of baseline (best practice) controls
- Integration of e-Commerce with the business process and the physical delivery channels
- Providing adequate user training
- Performing post implementation review to ensure controls are working as envisaged.
Well, with this we end our discussion of E-com. We shall discuss M-com in our next article, stay tuned for that.
If you have any queries, doubts or suggestions let me know. Just click on ask questions from the left panel of your screen.
Thank You.
