UXB2B: Chinese Taipei
The case of UXB2B speaks of a rather new technological procedure and application to resolve e-commerce issues related to internet security and e-finance logistics for trading partners in the supply chain industry. However, I digress. UXB2B is an e-commerce company that specializes in the development of e-business applications designed to enable supply chain integration through a streamlined and secure software link. Leadership Information: The CEO of the company has a research background in national defense and an educational background in computer and information science
The software, UXB2B had e-everything as its selling point. For example the software enabled eSales, eProcurement, and eFinance; collectively called "SaaS (Software as a Service)"
SaaS met the requirement that UXB2B sought to bring to the market place. The software enabled e-communication amongst all stakeholders to exchange information to open and close transactions via an interconnected system. At first glance, success in the company's eyes seemed predicated on mastering the technical matters related to the overall security of the software. However, this was not the case. In actuality, the company did not seem to address critical security management and internal control issues of financial and client information. The banks each require a client-specific management information system to engage the financial service platform that is UXB2B. The resolution to this issue was negotiated by a client, actually, and enabled the banks to agree on using an SME client to handle the Credit Sales.
Additionally, another project was won with the UXB2B solution. However, the financial linkage only required a solution for one-to-one transactions whereas the UXB2B solution was designed to process many transaction from many companies and banks ascribed to the platform technology. UXB2B overall appeared rather successful. Since 2009, > 28 banks and 1,000 business clients, ranging from domestic clients to overseas financial institutions, contracted to use the UXB2B platform.
To better handle the obvious insufficiency of the UXB2B technology to provide secure...
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To prevent these kinds of situations, management needs to implement a policy that will limit the total amount of derivative based assets in: the clients' or the company's portfolio to an acceptable amount. At which point, they would have the compliance department monitor these activities, to ensure that everyone is following the different guidelines. This will reduce the possible risks facing the company and it would improve their internal
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