Comsats Institute of Information

Technology
Management Information System
Role of E-banking in corporate sector
Submitted by: Tahir Abdul Rauf
Submitted to: Sir mer !ikas
"ue "ate: #st May $%#&
Class: ''A I!
E-'usiness and its role in corporate sector:
It is the application of Internet technologies to business processes. However it is more than
information technology tools or straight e-commerce. It also implies that the organization,
especially its managers, are willing and receptive to radical changes that such new business
techniques and tools bring. It implies organizational process and organizational culture re-
engineering, for a true transition into the new economy. Its benefits come not just from the
efficiencies and automation of a companys internal processes but from its ability to spread the
efficiency gains to the business systems of its suppliers and customers. n e-!nterprise
"participating in e-#usiness$ is defined as an enterprise prepared to conduct commerce in this
new economy. %his means it has created and embraced a business strategy informed by changing
economics, new opportunities, and new threats. It has laid down the necessary technology
infrastructure to support new business processes. It has used information technology to hone
internal processes such as human resources, wor& flow management, and training. %hus
prepared, the enterprise is able to conduct e-'ommerce( )the commercial e*change of value
"money, goods, services, or information$ between an enterprise and an e*ternal entity "an
upstream supplier, a partner, or a down-stream customer$ over a universal, ubiquitous electronic
medium.)
In order to appreciate the relevance of e-#usiness and its potential to impact on business and
development, it is important to understand that e-'ommerce and e-#usiness are more than just
electronics and commerce+business added together. %hey represent an entirely new way of doing
business "including that of government$ over a medium that changes the very rules of doing that
business. %hey are therefore far more about strategy and management than they are about
technology
In order to appreciate the importance of e-#usiness and its implications for developing countries
such as those of the ',I'-., it is important to see it from the perspective of the transactional
aspects of e-#usiness, those that represent the business between the different players, as well as
the framewor& aspects, those basic requirements that are needed in the ',I'-. member
states for it to develop. /or the purpose of this study therefore, !-#usiness is ta&en as the
e*tension of business on to the Internet0 the re-engineering of business processes for digitizing of
the transactions0 the restructuring of the framewor&s, both private and public to carry out the
transactions seamlessly0 and the development of the capacity in society and enterprises for this.
!-#usiness and the Internet if correctly utilized for development can be major instruments to
ensuring future sustainable economic growth. %he deep impact of electronic commerce on the
economies and societies improve economic efficiency, competitiveness and profitability "for
those engaging in it$ and therefore result in the development of the information society. 1ithin
such an environment countries "and enterprises$ can benefit by(
increasing internal organizational and management efficiency0
increasing transaction efficiency and reducing transaction costs for both suppliers and
buyers0
e*tending mar&et reach of suppliers and increasing choice for both suppliers and
consumers0
2roviding accurate information to improve service delivery such as in health and other
social service provisioning or the providing of information to consumers+citizens.