Virtual Business in the Next 5 Years

Can you afford not to go Virtual?

An increasingly large number of American companies are considering taking their business completely virtual in five years. A survey of C-level executives at U.S. companies reveals that more than half of these executives (53.4 percent) said they want to shift to a completely virtual company in the next five years. Moreover, 80.8 percent of the executives said they were familiar with the advantages of e-commerce, and 30.1 percent said that if their business could afford the cost, they would be ready to go virtual right now. The survey was conducted between February 27th and March 18th, 2008 by TIE Commerce, Inc., a leading provider of Business-to-Business eCommerce software, and The Mishra Group, a Waltham, Mass.-based marketing and public relations firm. For more information please download our whitepaper on virtual business.

Keeping Your Business Virtual - Understanding Virtual Business

Since its foundation in 1987, TIE has been active in Business-to-Business Integration, not only in software development but the standardization process as well. When the Internet started to expand, TIE understood that it would trigger many new applications essentially aimed at doing business more efficiently. TIE believes that eCommerce is not revolutionary but evolutionary, and evolving as an eCommerce company requires an existing body of knowledge about doing business electronically. TIE has been building such a body of knowledge for more than 20 years.

Virtual Business-to-Business Integration

The Internet continues to offer opportunities to take Business-to-Business Integration and collaboration to new levels. Success does not depend solely on technology, however, but also on understanding the business processes and semantics involved. To make Business-to-Business Integration and eCommerce work, trading partners must agree on specific ways of doing business and restructure their business processes accordingly, to allow them to be automated. As a key contributor to the development and implementation of global eCommerce standards, TIE is positioned to play a leading role in this endeavor.

Virtual XML/EDI Based Software Solutions

TIE develops and delivers XML/EDI™-based software solutions, which enable trading partners in the supply chain to do business electronically. TIE specializes in Master Data Management solutions and Business-to-Business Integration for vertical trade communities, connecting applications in different companies and synchronizing their business processes. Our ‘inside out’ solutions are the core for a truly holistic end to-end integration solution. In combination with the Digital Channel Solution, bringing reliable product information to the eBusiness Point of Sale and allowing focused marketing and highly sophisticated marketing data analysis, the TIE product offering is a unique proposition.