Business-to-business e-commerce, also known as B2B e-commerce, is a swiftly expanding sector that enables companies to conduct online transactions and engage in commerce with other enterprises. It encompasses the exchange of products, services, or information between businesses through digital platforms, websites, or electronic data interchange (EDI) systems.
B2B e-commerce offers numerous benefits, including heightened effectiveness, cost savings, enhanced supply chain management, improved customer experience, and the capacity to access a broader market. With the continuous evolution of technology and the increasing demand for digital solutions, B2B e-commerce is poised to keep transforming the way businesses partake in trade and collaborate with one another.
CardConnect has produced a concise infographic that outlines the shifts in the B2B payment arena that you can incorporate into your business to expedite transactions. Please refer to the provided informational material for more details.
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