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	EC*MarketPlace

ECMarketPlace is a storefront web portal system, developed to provide an electronic solution for buyers and sellers. This being a market place, it functions as a virtual business centre for buyers and sellers to meet and trade as well as develop business relationship as joint venture partners. Business-to-Business model focuses on the business among corporate clients. Similarly, Business-to-Customer model emphasizes on the business to the public. The whole system functions as an 'electronic market place' where both suppliers as well as customers' demands and needs are addressed and fulfilled. The objective of this system is to leverage on the Internet infrastructure to streamline the current business processes. This solution places the whole business community under 'one roof' where one web-based market place controls the entire trading processes. ECMarketPlace provides e-store hosting services. E-store is an end-to-end electronic solution to enable sellers to sell their products and services through Internet. Our customers are able to create and manage their own online e-store with advance features. Our customers are able to create and manage their online catalogue. These assist 'clients' to thoroughly research products and services available by accessing all the information they need. ECMarketPlace is equipped with unique features of electronically making payment. E-Payment modules allow payment to be made through direct debit mode. This module makes the entire payment process go online, generating a higher return-on-investment. Flexible tools are provided to make necessary content changes to e-store. Latest news, updates on suppliers, new products or promotions may be included to facilitate the buyers. ECMarketPlace provides procurement facilities as well. Buying and selling transactions are web-enabled. Two major purchasing system modules are included in MarketPlace namely the buyer module and seller module. Benefits Web-based ECMarketPlace provides a platform to transfer business data such as (Purchase Order, Delivery Order and Invoice) in a structured, electronic format from one business to other. Point-to-point transactions can be performed effectively, thus reducing the transaction cost. ECMarketPlace provides a wide opportunity for business organizations to advertise and market their products and services. It opens channels to source for potential buyers and suppliers. MarketPlace is the best solution to exploit new sales and marketing channels. EC*MarketPlace facilitates business-to-business trade by eliminating traditional marketing channels. Implementation of MarketPlace extends market reach beyond physical borders, and positions the organization as a global player.