Security in Web-Based Finance: The Internet as a Strategic Tool for Finance Departments. (Business Credit Selected Topic).

Business Credit, November, 2001 by Gundavelli, Veena

As e-business infrastructures extend into finance departments, a new paradigm is emerging-- one of sharing financial information digitally across traditional boundaries. In modem finance, buyers, suppliers, financial institutions, logistics providers, regulatory agencies and other service providers can all be connected in a web-based environment. While e-business offers tremendous competitive advantages with increased process efficiency and decreased costs, there is one question e-commerce proponents must answer: How do you ensure the security of these operations against possible fraud, theft or Internet vandalism?

As companies realize the benefits of e-business infrastructure in almost every aspect of supply-chain management, the adoption of e-business as...