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Modern Business Integration – Accelerate Growth and Unlock New Revenue Streams

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 take advantage of their current technology, people and process to stay on top of competitors.

Many companies use both on-premises solutions and legacy software. 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 as B2B Integration and can involve a range of advanced protocols – AS2, SFTP HTTPs, Web Services and proprietary fast file transfer methods.

Financial services, healthcare, logistics, and other industries are common use cases. These industries have a common need to securely link multiple trading partners, while maintaining robust security, audit trail, and governance 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 a women’s fashion company could integrate with a brand that serves teens and young adult to introduce it 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 data can be sent to the application of choice for processing. This can automate and streamline processes, improve collaboration, and reduce the likelihood of human errors and delays.

https://businessintergation.com/2022/11/09/what-is-integrated-business-planning/

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