7i Systems provides electronic commerce or e-commerce refers to a wide range of online business activities for products and services. We also consists of the exchange of data to facilitate the financing and payment aspects of business transactions. This is an effective and efficient way of communicating within an organization and one of the most effective and useful ways of conducting business. We provide some applications related to electronic commerce are:

 

  •   Document automation in supply chain and logistics.
  •   Domestic and international payment systems.
  •   Enterprise content management.
  •   Group buying.
  •   Automated online assistants.
  •   Instant messaging.
  •   Newsgroups.
  •   Online shopping and order tracking.
  •   Online banking.
  •   Online office suites.
  •   Shopping cart software.
  •   Teleconferencing.
  •   Electronic tickets.
  •   Social networking.

 

Our products for E-commerce Development
e-commerce platform of 7i systems

iCart Ecommerce Platform

iCart is an online shopping cart for selling product & services online. iCart is ideal for small stores and manufacturers, providing extensive branding online. Easy to manage and customized workflow based on your requirements. iCart can integrate with your existing payment gateways & support for large number of renowned gateways like PayPal etc.

Applications
  •   Store extension to online.
  •   Manufacturers branding and direct retail sales.
  •   B2B commerce site.
  •   Distribution channel expansion.
 

 

The impact of B2B markets on the economy of developing countries is evident in the following:

Transaction costs
There are three cost areas that are significantly reduced through the conduct of B2B e-commerce. First is the reduction of search costs, as buyers need not go through multiple intermediaries to search for information about suppliers, products and prices as in a traditional supply chain. In terms of effort, time and money spent, the Internet is a more efficient information channel than its traditional counterpart. In B2B markets, buyers and sellers are gathered together into a single online trading community, reducing search costs even further. Second is the reduction in the costs of processing transactions (e.g. invoices, purchase orders and payment schemes), as B2B allows for the automation of transaction processes and therefore, the quick implementation of the same compared to other channels (such as the telephone and fax). Efficiency in trading processes and transactions is also enhanced through the B2B e-market’s ability to process sales through online auctions. Third, online processing improves inventory management and logistics.

 

Disintermediation
Through B2B e-markets, suppliers are able to interact and transact directly with buyers, thereby eliminating intermediaries and distributors. However, new forms of intermediaries are emerging. For instance, e-markets themselves can be considered as intermediaries because they come between suppliers and customers in the supply chain.

 

Transparency in pricing
Among the more evident benefits of e-markets is the increase in price transparency. The gathering of a large number of buyers and sellers in a single e-market reveals market price information and transaction processing to participants. The Internet allows for the publication of information on a single purchase or transaction, making the information readily accessible and available to all members of the e-market. Increased price transparency has the effect of pulling down price differentials in the market. In this context, buyers are provided much more time to compare prices and make better buying decisions. Moreover, B2B e-markets expand borders for dynamic and negotiated pricing wherein multiple buyers and sellers collectively participate in price-setting and two-way auctions. In such environments, prices can be set through automatic matching of bids and offers. In the e-marketplace, the requirements of both buyers and sellers are thus aggregated to reach competitive prices, which are lower than those resulting from individual actions.

 

Economies of scale and network effects
The rapid growth of B2B e-markets creates traditional supply-side cost-based economies of scale. Furthermore, the bringing together of a significant number of buyers and sellers provides the demand-side economies of scale or network effects. Each additional incremental participant in the e-market creates value for all participants in the demand side. More participants form a critical mass, which is key in attracting more users to an e-market.