IT Governance, Risk, and Compliance

May 19 2009   7:52PM GMT

Electronic Commerce – Part II



Posted by: Robert Davis
Tags:
B2B
B2C
B2E
B2G
Business-to-Business
Business-to-Consumer
Business-to-Employee
Business-to-Government
E-commerce
EDI
Electronic Commerce
Electronic Data Interchange
Internet

Delineated, B2B is E-commerce between discernibly distinct entities. B2B links enable the exchange of products, services, or information between entities. Cascading down, Electronic Data Interchange (EDI) methodologies are the precursors and pillars of Internet integrated B2B relationships. Depending on activity frequency and application, EDI control risk can become material. Where EDI is implemented, lack of direction, reliance on third parties, and system dependencies potentially expose an entity to additional legal, security, and operational risks.

“View Part I of the Electronic Commerce series here

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