Modern business integration has become a key accelerator for organizations that are looking to improve customer experience, accelerate growth and unlock new www.businessintergation.com/2020/04/27/digitalization-and-business-integration-for-board-room revenue streams. It allows companies to take advantage of their existing technology, people and processes to stay ahead of competitors.

Many companies have traditionally used a combination of on-premises software and legacy systems, as well as cloud-based solutions. These disparate systems and their data are not able to communicate by themselves, so businesses need an effective business integration strategy.

Modern integration makes it easier for these business relationships to flourish in the digital world. This allows systems and applications within and outside of lines of business to seamlessly exchange vital information. 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.

Common use cases include financial services, healthcare, and logistics. These industries have a common need to securely link multiple trading partners, while maintaining robust security, audit trail, and governance capabilities.

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 techniques enable these companies extract the right data and convert it to a form compatible with their partner’s central organisation device. This can then be sent to the target application for processing. This can help automate processes, improve business communication, and decrease the risk of human errors or delays.