Modern business integration can be a powerful accelerator for modern organizations who want to increase their growth, unlock revenue streams and improve their customer experience. It allows companies to use their existing technology and processes, as well as their people, to stay ahead.
Many companies use both on-premises solutions and legacy software. These disparate systems and their data are not able to communicate by themselves, so businesses need an effective business integration strategy.
Modern integration, which allows these systems to communicate with each other and exchange vital data across and within business lines, makes these business relationships much easier in the digital age. 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 and healthcare are examples of common use cases. These industries require robust security, governance capabilities, and audit trails to securely connect with multiple trading partners.
A horizontal integration is also a common example, whereby two or more businesses in the exact same industry combine forces to offer a greater range of goods or 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 strategies enable companies to extract the correct data from front-end applications, and convert it into an appropriate format for their central organization device. This can then digitalization and modern business integration be sent to the target application for processing. This can automate and streamline processes, improve collaboration, and reduce the likelihood of human errors and delays.