Meanwhile, the effective use of technology has become critical to businesses' growth, sustainability and success. Indeed, organizations have been deploying strategic software applications to streamline complex business processes. ERP, CRM, email and other applications are enabling organizations to reduce costs, improve productivity and enhance customer service - even improve the flow and quality of their products to the marketplace, increase market share and, ultimately, stimulate earnings. In short, technology has enabled organizations to grow faster, yet more productively - enabling significant economic growth with nominal inflation. ASPs ASPs, in many respects, are the culmination and convergence of technology, outsourcing, specialization and the resulting increases in both growth and productivity.
ASPs act as the single point of contact for aggregating a myriad of technology and service vendors.
As the new millennium proceeds, organizations are beginning to link their disparate systems internally, and even more importantly, link them with their external business partners' systems. For instance, manufacturers are integrating their procurement software systems with their suppliers' systems to automate and streamline procurement tasks. As these organizations become more integrated and more closely linked, they will inherently be able to interact more frequently and with greater efficiency. Interestingly, by implication, they may be able to complete more transactions, as well as deliver and trade more products and services to customers and partners. As this phenomenon manifests, the amount of money exchanging hands within a given period should rise -increasing the velocity of money and helping drive the economy forward.