Modern business integration is a crucial accelerator for contemporary organizations that want to accelerate growth, unlock new revenue streams and improve customer experiences. It allows companies www.businessintergation.com/2021/12/29/generated-post-3 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 and their associated data do not inherently communicate, which is why businesses need to build a robust business integration strategy.
Modern integration allows these systems and apps to communicate and exchange vital data seamlessly within and across business lines. This is often referred to as B2B integration and can involve a number of advanced protocols – from AS2, SFTP, HTTPs, Web Services, and proprietary high-speed file transfer methods.
Common use cases include financial services, healthcare, and logistics. These industries require robust security, governance capabilities, and audit trails to securely connect with multiple trading partners.
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 clothing company for women might integrate into a fashion brand that serves teens or young adults to introduce the company to new markets.
Modern integration strategies allow these companies to extract data from their front end applications and convert it in a format compatible with the central organization device of their business partners. This data can then be sent into the target application to be processed. This can help automate, streamline, and improve a process. It can also improve business collaboration.