Barriers to B2B for Finance companies.

Getting value for money and ensuring open integration are the biggest barriers to adoption of B2B e-Commerce for companies in the Finance Sector, according to global market research commissioned by Izodia .The Finance sector is not as mature in terms of adoption compared to the Manufacturing sector, however, sixty two per cent of Finance companies interviewed have already implemented or are in the process of implementing a B2B e-Commerce solution. However, almost twenty per cent of Finance companies still say they have no immediate plans to move to e-Commerce--twice as much as the Manufacturing sector.

Finance users across all geographies cited getting value for money and integration with the rest of the organisation as the two biggest barriers in adopting e-Commerce. However, the Finance sector also has a more realistic expectation for return on investment, with thirty seven per cent expecting a return on investment within twelve months, and another thirty seven per cent expecting to see a return within two years. With regards to the most desired application features, Finance companies feel the strongest about open integration and support for multiple trading models and connecting to other market places as their top priorities. www.izodia