Modern Business Integration – Accelerate Growth and Unlock New Revenue Streams
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 take advantage of their existing technology, people and processes to stay ahead of competitors.
Many companies try this out use both on-premises solutions and legacy software. 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 the exact same industry combine forces to offer a greater range of goods or services. For example a women’s fashion company could integrate with a brand that serves teens and young adult to introduce it to new market segments.
Modern integration methods allow these companies’ front-end software to be extracted and converted into a format that is compatible with the central organizational device of their partners. 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.