Basic HTML version of Foils prepared 5 May 97

Foil 7 Lower Transaction Costs

From Implications of Internet Technologies for Business CPS616 -- Information Track of CPS -- Spring Semester 97. by John Gallaugher
Notes for this Slide
Reduced processing costs & cycle time
  • Sundance reported 2/3 cost savings
  • IBM study reports 25% cost savings & 60% cycle time savings
Reduced transaction errors
  • PC Gifts & Flowers: .02% vs. almost 5%
Allows firms to reduce prices and attract customers
  • 1-800 Flowers passes on savings
  • Financial firms offer more competitive rates

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