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 to take advantage of their existing technology, people and processes to stay ahead of competitors.
Many companies use both on-premises solutions and legacy software. These disparate technologies do not automatically communicate with each other, which is why companies need to develop a robust integration strategy.
In the digital world, these business relationships are made much easier with modern integration enabling these systems and applications to communicate and seamlessly exchange vital data within and across lines of business. 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.
Financial services, healthcare and logistics are all common use cases. These industries need to securely connect multiple trading parties with robust security, governance and audit trail capabilities.
Another common application is horizontal integration. This is where two or more companies www.businessintergation.com from the same industry combine their efforts to offer a broader range of services or products. 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 techniques enable these companies extract the right data and convert it to a form compatible with their partner’s central organisation 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.