What is an electronic trading set?
SUITE Electronic Trading is a package of services and software that allows companies to sell its products online. Exactly what is included may vary from package to package. Common features of a set of electronic trading include handling of shares, collecting orders, processing and accounting of cards.
The most basic element of an electronic trading set is the ability to process orders. This is most often done through a virtual shopping cart. It is a system that allows the visitor to search the product catalog and select those they want to buy. The truck system means that the customer can add a product to the "trolley", continue to look at other products, and then "look" when he finishes. Using a truck will mean that when it logs off, everything they wanted to buy is already in order. This avoids the risk that customers are looking at the web and forgetting some of the items they have previously found and have decided to buy.
Card processing is another key part of an electronic trading set. In an ideal setting, the retailer will not have access to the customer card data at any stage. This can reduce their possible responsibility if the card data is abused. The card processing service will usually have two elements: in a secure manner, it collects details of the card on the web and the payment process itself. The electronic trading package can only collect details and let payments processing a financial institution, although many packages include both services.
Collection of songs is another useful advantage of a comprehensive package of electronic store. By tracking orders and stock levels, the system can alert the retailer when it needs to turn stocks. Where a retailer also has a physical trade, it may be possible to integrate the electronic trading system with its own automated stock, which means that onim can track a track regardless of whether the item is sold online orpersonally. It is even possible to set automated overwork from the supplier with some systems.
Fully Automated Electronic Trading sets can also be able to perform some accounting functions. The more common setting is that the set simply creates detailed data, such as the sums for the total sale and individual product lines, or the turnover tax, which may vary depending on the customer's location. The high-end electronic trading package will usually be able to produce this data in format, which means that the data can be easily converted to the company's accounting software and merged with details from sales in physical stores.