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XML Resources - Business Benefits of XML

 

"XML is the Internet standard for business integration"

XML is easy to understand and both people and business applications can interpret the XML information unlike any other data description standard. XML is a human readable data representation language, and unlike HTML, maintains the meaning of information.

XML defines an open and flexible standard for storing, publishing and exchanging any kind of information. This eliminates the requirement for a proprietary data format and extends the usefulness and lifetime of the original information.

View a sample XML document.

 

"Trading roll-outs can be readily achieved"

Traditional roll-outs that are based upon proprietary protocols have proved to be difficult to achieve simply because the real business benefits have only been enjoyed by the hub company, rather than as an overall community business benefit. In addition, the technology requirements have been difficult for a community of partners to comply with.

Because of XML's inherent support of application integration and the open nature of the Internet, the participation of all trading partners, regardless of size, is ensured, offering increased cost savings to the entire community.

XML-based roll-outs are easier for all parties concerned. They offer a multi-tiered approach that can be rapidly rolled out with minimum cost and infrastructure requirements to suit the level of technology expertise of the particular trading partner.

These advantages provide real business benefits for trading partners who choose to participate in an XML roll-out.

View a trading community model based on XML, that reaches across an entire community.

 

"Trading partners of all sizes can have the technology to process electronic transactions"

Electronic trading has historically been exclusive to larger organisations because of the costs and complexity of implementing a solution. XML is different as it can span the whole of the technology spectrum and meet the requirements of small, medium and large enterprises. XML can enable full B2B application-to-application integration between larger enterprises, but equally the same file can be processed by a small specialist trading partner via the use of a web browser.

Partners that were formerly locked together by complex proprietary systems now face open environments with the ability to extend the community to many potential members. As a result, entire trading communities can enjoy the benefits of XML.

View a trading community model based on XML, that reaches across an entire community.

 

"Electronic trading is not necessarily expensive to run"

Streamlining business processes increases efficiency leading to cost savings and increased profits.

Significant savings can be made if an enterprise is able to automate the exchange of business transactions with their entire trading community due to the scaleable nature of the technology. It is recognised that an infrastructure based upon Internet technologies is the most cost effective approach for the implementation of an integrated trading community.

The Internet opens your markets and is a direct sales channel to the world. The implementation of an XML infrastructure improves both efficiency, security and integrity of data.

View a trading community model based on XML, that reaches across an entire community.

 

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