Modern Business Integration – Accelerate Growth and Unlock New Revenue Streams
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 organizations to leverage their existing technology, processes and people to stay ahead of the competition.
Many companies use both on-premises solutions and legacy software. These disparate technology and their associated data are not inherently communicative, which is the reason why businesses need a robust business-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. This is known as B2B (business-to-business) integration and involves a number advanced protocols, including AS2, SFTP HTTPs Web Services, proprietary high-speed www.businessintergation.com/2021/07/12/generated-post file transfers, and Web Services.
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.
Horizontal integration is another common use case, where two or three companies in the same field combine to offer an expanded range of products and services. For 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 techniques enable these companies extract the right data and convert it to a form compatible with their partner’s central organisation device. This data can be sent to the application of choice for processing. This can automate and streamline processes, improve collaboration, and reduce the likelihood of human errors and delays.