Modern business integration has become a key accelerator for organizations that are looking to improve customer experience, accelerate growth and unlock new revenue streams. It allows companies take advantage of their current technology, people and process to stay on top of competitors.
Many companies use a combination between legacy systems, on-premises applications and cloud solutions. These disparate technologies, and the data they contain, do not communicate inherently. This is why businesses must develop a robust strategy for business integration.
Modern integration, which allows these systems to communicate with each other and exchange vital data across and within business lines, makes these business relationships much easier in the digital age. B2B is a term that refers to the integration of business systems and applications. It can involve a wide range of protocols including AS2, SFTP HTTPs Web Services proprietary high speed file transfer methods.
Finance, healthcare, and logistical services are all examples of common use-cases. These industries need to securely connect multiple trading parties with robust security, governance and audit trail capabilities.
A horizontal integration is also a common example, whereby two or more businesses in www.businessintergation.com/2021/07/14/generated-post-2 the exact same industry combine forces to offer a greater range of goods or services. A women’s clothing brand might integrate with a young adult and teen fashion brand to reach new markets.
Modern integration strategies enable these companies to extract the right data from their front-end applications and convert it into a form that is compatible with their business partner’s central organization device. This data can be sent to the application of choice for processing. This can help automate processes, improve business communication, and decrease the risk of human errors or delays.
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