E-business 2nd module B.com E-business short notes university of Kerala

1. Capsule notes on E-business
B.com Semester -3
Module -2 E-business systems
1. E business system
An e-business system, short for electronic business system, refers to the use of
information and communication technologies (ICT) to support various aspects of
business operations and processes. E-business encompasses a wide range of activities,
including buying and selling goods and services, managing supply chains, conducting
financial transactions, and interacting with customers and business partners over
electronic networks, such as the internet.
Key components and features of an e-business system may include:
• E-commerce Platforms: These enable online buying and selling of goods and
services. Examples include online marketplaces, online stores, and electronic
payment systems.
• Supply Chain Management (SCM): E-business systems often incorporate
SCM solutions to optimize the flow of products, information, and finances
across the supply chain.
• Customer Relationship Management (CRM): CRM systems help businesses
manage and analyze customer interactions, improve customer service, and
enhance customer satisfaction.
• Enterprise Resource Planning (ERP): ERP systems integrate various business
processes and functions, such as finance, human resources, and inventory
management, into a unified platform.
• Online Marketing and Advertising: E-business systems utilize digital
marketing strategies, including social media marketing, search engine
optimization (SEO), and online advertising, to reach a wider audience.
• Electronic Data Interchange (EDI): EDI facilitates the electronic exchange of
business documents, such as invoices and purchase orders, between different
organizations, streamlining communication and reducing manual processes.
• Mobile Commerce (m-commerce): With the increasing use of smartphones
and mobile devices, e-business systems often include features and applications
to support mobile commerce activities.
• Data Analytics and Business Intelligence: E-business systems leverage data
analytics tools to extract valuable insights from large datasets, helping
businesses make informed decisions and optimize their operations.

2. Capsule notes on E-business
B.com Semester -3
Module -2 E-business systems
• Cybersecurity: As e-business involves the exchange of sensitive information,
robust cybersecurity measures are essential to protect against data breaches,
unauthorized access, and other security threats.
• Cloud Computing: Many e-business systems use cloud-based services to store
and access data, run applications, and scale their infrastructure based on
demand.
2. E-Business Suite
is a suite of integrated applications that help organizations manage various aspects of
their business processes.
Uses-
• Financial Management: Modules for financials include General Ledger,
Accounts Payable, Accounts Receivable, Cash Management, and Fixed
Assets, helping organizations manage their financial transactions and
reporting.
• Supply Chain Management: Modules in this category cover areas such as
Order Management, Inventory, Purchasing, and Manufacturing, facilitating the
planning and execution of supply chain activities.
• Human Capital Management (HCM): This includes modules for managing
human resources, payroll, benefits, and talent management.
• Customer Relationship Management (CRM): EBS offers modules for sales,
service, and marketing, allowing organizations to manage their interactions
with customers and prospects.
• Project Portfolio Management (PPM): E-Business Suite provides tools for
project planning, resource management, and project accounting.
• Procurement:
• Technology Stack:
• Integration:
• Business Intelligence and Reporting:
• Security:
3. E-payments
Electronic payments, often referred to as e-payments, are financial transactions
conducted electronically, using various digital channels and technologies to transfer
money between parties
Here are some common forms of e-payment:
• Credit and Debit Cards: Electronic transactions using credit or debit cards are
among the most prevalent forms of e-payments. These transactions involve the use of
plastic cards with embedded chips or magnetic stripes, enabling users to make
purchases or withdraw cash electronically.
• Mobile Payments: With the widespread use of smartphones, mobile payment
solutions have gained popularity. These include various methods such as mobile

3. Capsule notes on E-business
B.com Semester -3
Module -2 E-business systems
wallets (e.g., Apple Pay, Google Pay, Samsung Pay), where users link their payment
information to their mobile devices for contactless transactions.
• Online Banking: Many individuals and businesses use online banking platforms to
conduct electronic fund transfers, pay bills, and manage their accounts over the
internet.
• Digital Wallets: Digital wallets, also known as e-wallets, are electronic devices or
online platforms that allow users to store and manage their payment information
securely. Users can make purchases by accessing their digital wallet through a
computer or mobile device.
• Cryptocurrencies: Cryptocurrencies like Bitcoin, Ethereum, and others enable peer-
to-peer electronic transactions through blockchain technology. While not as widely
accepted as traditional forms of payment, cryptocurrencies provide an alternative for
those seeking decentralized and borderless transactions.
• Electronic Funds Transfer (EFT): EFT involves the electronic transfer of money
from one bank account to another. This can include transactions such as wire
transfers, direct deposits, and automated clearinghouse (ACH) payments.
• Contactless Payments: Contactless payment methods, often using Near Field
Communication (NFC) technology, allow users to make transactions by tapping their
cards or mobile devices near a point-of-sale terminal without the need for physical
contact.
• Peer-to-Peer (P2P) Payments: P2P payment platforms enable individuals to transfer
money directly to one another through online or mobile applications. Examples
include Venmo, PayPal, and Cash App.
• Smart Cards: Smart cards, equipped with embedded microprocessors or chips, can
store and process information. They are used for various applications, including
making electronic payments in public transportation, access control, and secure
transactions.
4. Digital cash
Digital cash, also known as electronic cash or e-cash, refers to a form of currency that
exists only in electronic or digital form.
5. E cheque
An e-cheque, or electronic cheque, is a digital version of a traditional paper cheque.
Like a physical cheque, an e-cheque serves as a payment instrument that authorizes
the transfer of funds from one bank account to another.
Key characteristics of e-cheques include:
• Digital Format:
• Digital Signatures:
• Transaction Information:
• Banking System Integration:.
• Payment Platforms
• Authorization and Clearance:
• Regulatory Compliance:
• Reduced Processing Time: