The service, announced last week, requires a company to answer 25 e-business-related questions. An online report is then produced indicating the areas where a business is strong on its e-business activity and where it can improve.
The report benchmarks companies against annually refreshed data in areas covering adoption of IT, sophistication of sales systems, use of technology with suppliers and internally, as well as a firm's strategic approach to IT.
Liz Grant, director of e-policy and delivery at the Department of Trade & Industry, said, "This tool gives companies the chance to find out exactly where they stand in terms of e-business.
"Not only does it offer vital information looking at how your business is faring against other companies from a sector or region, but it also provides links to appropriate areas of the UK Online website to help you improve areas of IT use identified through the tool."