Modern business integration can be a powerful accelerator for modern organizations who want to increase their growth, unlock revenue streams and improve their customer experience. It allows companies to use their existing technology and processes, as well as their people, to stay ahead.
Many companies combine legacy systems with on-premises and cloud software solutions. These disparate technologies and their associated data do not inherently communicate, which is why businesses need to build a robust business integration strategy.
In the digital era, modern integration allows systems and software to communicate and seamlessly share vital data between and within lines of businesses. 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 all need to securely connect multiple trading partners with robust security, governance, and audit trail capabilities.
Another common application is horizontal integration. This is where two or more companies from the same industry combine their efforts to offer a broader range of services or products. For www.businessintergation.com/2022/04/27/the-goal-of-virtual-data-room-software-is-usability/ example, a women’s clothing company might integrate with a fashion brand serving teens and young adults to introduce them to new market segments.
Modern integration strategies enable companies to extract the correct data from front-end applications, and convert it into an appropriate format for their central organization device. The data can then go to the target app for processing. This can be used to automate a process and streamline it, improve business collaboration, reduce the chance of human error and delays and ensure rapid growth for a business.