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Industries > Corporate Enterprises
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Business Challenges
Over the past few years, corporate enterprises have shifted more and more of their corporate trade,
financial transactions, and other cross-border business activities online in order to leverage the
significant savings and efficiencies of the public Internet. On the other hand, transacting
business electronically allows the possibility of unauthorized or inadvertent information being
disclosed, creating potential risks associated with contracting online.
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The need to assure that companies and individuals involved are in fact who they say they are has never been greater due to:
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The lack of a consistent trust infrastructure to support cross-border transactions among multiple entities |
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An increase in the frequency and severity of online fraud, such as identity theft, spoofing and phishing. |
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The advent of numerous regulations governing international and inter-regional business and trade, including FFIEC and Graham-Leach-Bliley. |
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To address these issues, many companies have employed a hybrid "online and offline" approach
dealing with their suppliers, customers and partners around the world - for example, they
conduct business online for regular or scheduled transactions with a single known party,
but handle ad hoc, large-dollar transactions with multiple parties at least partially offline,
where doing business online would be too costly or risky. And even when enterprises conduct
business online, they must often rely on a patchwork of regional-specific and/or proprietary trading networks, each governed by a different legal and regulatory framework.
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Business Drivers
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In order to successfully conduct online business on a global scale, most of today's corporate enterprises are looking to achieve and constantly improve upon the following:
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Increased competitiveness through unencumbered, frictionless, global trade. |
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Greater productivity via streamlined, transparent online business processes. |
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Reduced risk by minimizing the likelihood of major identity theft or non-compliance with government regulations. |
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IdenTrust Meets the Need for Trust
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To make Internet-based business less risky and more cost effective, a growing number of the
world's leading corporations have selected IdenTrust as their global provider of Trust
Solutions. Based on the de facto standard policies and infrastructure of the IdenTrust PLOT,
these solutions enable companies to build online trust relationships more quickly, easily,
and cost effectively with subsidiaries, customers, suppliers and partners worldwide, without
having to deal with individual governments or negotiate with intermediaries. Companies can
deploy and rely upon a single, proven trust infrastructure, which supports and safeguards
multi-party, cross-border transactions while satisfying the myriad of ever-changing
regulations. By working with IdenTrust, companies are able to:
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Gain a competitive edge by accelerating global business processes and transactions, such as contract negotiations with foreign partners and cross-border procurements. |
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Reduce operating costs by automating and streamlining key business processes. |
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Effectively manage and minimize the risks of online fraud and identity theft. |
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Put IdenTrust to Work for Your Corporation
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