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. www.businessintergation.com/2020/05/17/digital-integration-is-essential-for-modern-business
Many companies have traditionally used a combination of on-premises software and legacy systems, as well as cloud-based solutions. These disparate technologies do not automatically communicate with each other, which is why companies need to develop a robust 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. 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.
Financial services, healthcare and logistics are all common use cases. These industries all require robust security capabilities to connect multiple trading partners securely, with audit trail, governance, and robust security.
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 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 can then be sent to the target application for processing. This can help automate and streamline a process, improve business collaboration and decrease the chances of human errors and delays, all while ensuring speedy growth for the business.
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