Modern business integration is an essential accelerator for organizations today that want to accelerate their growth, unlock new revenue streams, and improve the customer experience. It allows businesses to take advantage of existing technology, people, and processes to stay in front of their competitors.
Traditionally, many companies have a combination of legacy systems and on-premises software applications as well as cloud solutions. 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. B2B is a term that refers to the integration of business systems and applications. It can involve a wide range of protocols including www.businessintergation.com/2020/04/27/digitalization-and-business-integration-for-board-room/ AS2, SFTP HTTPs Web Services proprietary high speed file transfer methods.
Financial services, healthcare, logistics, and other industries are common use cases. These industries have a common need to securely link multiple trading partners, while maintaining robust security, audit trail, and governance 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 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 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. This data can then be sent into the target application to be processed. This can automate and streamline processes, improve collaboration, and reduce the likelihood of human errors and delays.