E-Commerce Management System - Finance (Disbursement, Budget Management, Collection, General Ledger, Accounts Payable / Accounts Receivable)

Vol.4, No.1

Abstract

eCommerce financing is a type of capital that gives eShops, like Amazon, lazada, shop, Zara,
etc., or online stores business loans. eCommerce financing aids online retailers in expanding,
paying for marketing costs, and boosting sales. There must be a shift in the way businesses
handle their finances to accommodate the demands of big data. For online stores to manage
their finances effectively, they need to take into account both monetary and nonmonetary
data. Thanks to the availability of big data, online retailers can fully investigate, analyze, and
process the information necessary for accounting. Starting with the argument that e-
commerce companies can't afford to stick to the same old methods of financial management,
this paper goes on to describe how big data is disrupting the industry as a whole and offers
suggestions for how companies can adapt.

It will thus fix or lessen the issues with Financial Management. In addition to streamlining
invoicing and bill collection and making it simpler to navigate through transaction data, this will
enhance daily, monthly, and yearly cash flow.

The functionality and operations of Financial Management will improve as a result. This will
oversee all monetary transactions inside an organization and maintain tabs on the flow of cash
in and out of the corporation. In order to optimize profits and ensure effective and long-lasting
operations, it will also carefully supervise and monitor the company's assets, costs, liabilities,
equity, and revenue.