Modern business fusion is a critical accelerator for companies that want their growth to accelerate, unlocking new revenue streams and improving customer experiences. It allows companies take advantage of their current technology, people and process to stay on top of competitors.
Many companies have traditionally used a combination of on-premises software and legacy systems, as well as cloud-based solutions. These disparate technologies and their associated data do not inherently communicate, which is why businesses need to build a robust business integration strategy.
In the digital era, modern integration allows systems and software to communicate and seamlessly share vital data between and within lines of businesses. This is often referred to as B2B integration and can involve a number of advanced www.businessintergation.com/2021/07/12/generated-post protocols – from AS2, SFTP, HTTPs, Web Services, and proprietary high-speed file transfer methods.
Financial services, healthcare, logistics, and other industries are common use cases. These industries all need to securely connect multiple trading partners 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, women’s apparel companies might integrate with fashion brands that cater to teens and young adults in order to introduce them into 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 help automate processes, improve business communication, and decrease the risk of human errors or delays.