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 a combination between legacy systems, on-premises applications and cloud solutions. These disparate systems and their data are not able to communicate by themselves, so businesses need an effective business integration strategy.

In the digital era, modern integration allows systems and software to communicate and seamlessly share vital data between and within lines of businesses. This is known as B2B (business-to-business) integration and involves a number advanced protocols, including AS2, SFTP HTTPs Web Services, proprietary high-speed file transfers, and Web Services.

Financial services, healthcare, logistics, and other industries are common use cases. These industries need to securely connect multiple trading parties with robust security, governance and audit trail capabilities.

A horizontal integration is also a common example, whereby two or more businesses in the exact same industry combine forces to offer https://businessintergation.com/2022/06/27/what-are-the-best-virtual-data-rooms-to-assist-with-deal-due-diligence 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. 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.