Why Business Networks are Growing in Popularity

June 24, 2013

Hubwoo is one of the ‘dominant’ business network operators, per Financial Ops magazine

By Diane Sears – Financial Ops magazine

It’s hard to imagine what life was like without social networks.  Even if you don’t use them regularly, LinkedIn, Facebook, and Twitter have become part of the public consciousness, and some say business networks are following the same path. In five years, we’ll all wonder how we ever worked without them.

Business networks bring trading partners together to let them conduct business anytime from anywhere, giving them common structures and formats for their electronic transactions. Data is stored in “the cloud,” or online, where the partners can tap in
whenever they need it.

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