The concept of Government-to-Business (G2B) has been explained in detail in the following article.
E-governance plays a significant role in helping businesses thrive within the framework laid by the laws of the country as well.
Businesses are often required to interact with government for diverse reasons – be it getting business proposals, urging government to take appropriate economic and finance policies, and so on. The interaction between businesses and governments is G2B services. In implementing G2Bservices, governments use electronic communication address the needs of businesses.
G2B makes business transactions transparent. There is no need of middle personnel, for which businesses otherwise have incurred a significant expense. With the adoption of e-governance, of late, the process has become simple, faster and transparent. Electronic data interchange (EDI) is used to online procurement of products – by businesses as well as government.
G2B model is also useful in helping businesses leverage opportunities across regions. This has forced governments to bring the necessary changes within the laws that are compatible within the new business framework. Implementing e-governance policies can speed up issues that occur in taxation by ensuring better interaction between business’ stake holders and governments. Further, issues such as delay in implementing the policies could be addressed by mutual talks, any apprehensions by business’ stake holders regarding polices could be cleaned up by transparent communication.