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 organizations to leverage their existing technology, processes and people to stay ahead of the competition.
Many companies combine legacy systems with on-premises and cloud software solutions. These disparate systems and their data are not able to communicate by themselves, so businesses need an effective 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 as B2B Integration and can involve a range of advanced protocols – AS2, SFTP HTTPs, Web Services and proprietary fast file transfer methods.
Finance, healthcare, and logistical services are all examples of common use-cases. These industries require robust security, governance capabilities, and audit trails to securely connect with multiple trading partners.
Another common use case is horizontal integration, where two or more companies in the same industry combine to offer a wider range of products 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 these companies to extract the right data from their front-end applications and convert it into a form that is compatible with their business partner’s central organization device. The data can be sent directly to the target application. 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.