IDTrans - A Business Case
This project could have a far reaching positive effect on New Zealand business. It could enable a revolution in business communication similar to the effect email has had on personal communications. I have listed below some of the advantages this new technology will bring to companies.
Advantages for Business
Reduces Stationary and Postage costs, as documents can be sent via Internet.
Reduces cost of retyping data received in paper format from suppliers and customers.
Reduces Customer Support costs by increasing accuracy of data in the transfer process.
Reduces Customer Support costs by allowing customers to enquire into accounts electronically.
Improves customer relations due to increases efficiency and information to the customer.
Improves Debt Collection due to increased efficiency of document handling.
Advantages for Internet Service Providers
Increases the number of business users using the Internet in general.
Possibility of providing business services related to transfer of business documents.
Advantages for Accounting System Companies
Adds Additional Functionality without the cost of developing the solution inhouse.
Increases sales due to an increased use of accounting systems in general when standard business document transfers are common.
No ongoing maintenance costs for the additional functionality.
Increases the potential sale value of your product.
Potential to provide business services related to the transfer of business documents.
Advantages for Accountants
Reduces cost of retyping of paper documents.
Reduces cost of communication between you and your clients.
Reduces the number of different computer file formats required to support your clients.
Advantages for Banks
Potential to earn revenue from payments conducted by the software.
Reduces the number of cheque and cash transactions, and therefore the costs associated with them.
Provides incentive to customers with the software to use Bank Accounts with access via the Standard.
Advantages for Government Departments
Will make filing documents much easier.
Will reduce cost of typing data.
Will reduce the number of errors due to mistyping.
Will decrease the processing time for incoming documents.
Will reduce the number of enquiries and complaints due to typing errors.
Home Next