The first framework optimizes eCommerce processes, thus managing overall process execution efficiency. For users, the new paradigm of managed electronic commerce means faster fulfillment and increased assurance that the transaction processes are more reliable, visible, well defined, have a known state, are understandable, trusted, and believable. Individual service providers achieve higher volumes and guaranteed transactions when they become the optimal providers for the given transaction.
Financial institutions garner greater efficiencies and higher transactional throughput.
ICI's eCommerce environment provides an unrestricted retail presence to virtual storeowners, where company size no longer matters, nor is it readily apparent. Such a strategy leads to dynamically negotiated business deals, which could also be described as virtually instantaneous nodal network optimization, where the nodes represent each of the e-commerce players. The Managed Electronic Commerce architecture focuses on tying together distributed processing elements into workflows, where each workflow describes and implements both a business process and process management status for measuring and managing workflow progress, system security, system integrity, etc. The architecture encourages loose interconnections among processing elements, supports both dynamic and static creation of relationships among processing elements, and easy insertion or removal of processing elements. As mentioned previously, the system supports management of electronic commerce in two dimensions.