Value added network - Definition & Meaning
What is Value added network?
It is a private network used to exchange electronic data and network services. Prior to the inception of the internet companies used high value networks to transfer their data to other companies and paying monthly charges for them .
They were also given secure Id’s , encrypted data and EDI’ s. It is a type of mail where information is retrieved from the network by the receiver and replied through the network. However the text used is standardized or formatted which differentiates it from a email.
Example :
Easy link provides one of such value added networks supporting the following features .
- System Alerts – It has generated alerts confirming the receipt of delivery . It could be through mails ,messages or desired medium of communication and informs about the critical calls from your partners.
- Recording , transmitting and processing of important audit events and helping in their subsequent analysis and assessment.
- Reliability and data security through high speed data transmission and exclusive access cards at their data centers.
- Real time delivery of documents, mails etc
- On line support to establish communication and resolve queries.
- Boost productivity and reduce EDI costs .
Hence, this concludes the definition of Value added network along with its overview.
This article has been researched & authored by the Business Concepts Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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