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Digital technologies have created a borderless, worldwide marketplace for even the smallest businesses. Global e-commerce – using the Internet to buy and sell goods and services on an international scale – is rapidly booming, as is the need for transporting those products from seller to buyer. Global e-commerce topped $1.3 trillion in 2014 – exceeding 2013 levels by 24 percent – and is expected to grow another 20 percent in 2015. This growth has a profound effect on small and medium-sized enterprises (SME), as it allows them to participate in and help drive international trade in ways similar to their larger counterparts. SMEs are gaining unprecedented access to international customers, helping the nation’s economy in the process.
Report on the Bureau of the Fiscal Service Administrative Resource Center's Description of its Financial Management Services and the Suitability of the Design and Operating Effectiveness of its Controls for the Period July 1, 2014 to June 30, 2015