If you are a technology leader than you need to fix every IT problem your company faces to stand out. For enhanced performance and efficiency your organization needs to unify its technology systems, i.e., contact centers, services, transaction systems, products, mobility, gadgets, etc. into one unit. A business integration solution gives the versatility to combine all these technologies and seamlessly collect, reconcile, and clean data. Automation of B2B processes makes you easier to work with and drives the topline profitability.
Businesses face tricky integration challenges when they notice a voluminous growth in their IT systems. A poorly integrated IT exposes companies to business, IT and regulatory risks. To succeed with new technology acquisitions, businesses should have a well thought strategy in place. B2B integration helps businesses in addressing business problems and expanding business operations.
Siloed Business Systems and Technology Integration Challenges
Medium to large organizations face innumerable problems when their IT systems, i.e., accounting software, ERP systems, CRM, order management etc., gains a voluminous growth in the IT. These Enterprise IT systems & standalone management systems work independently of each other. Integration problems become bigger when these systems need to be integrated with other vendor or partner systems for data sharing.
Point-to-point coding to connect these systems results into suboptimal utilization of resources. The integration barriers restrain the geographic reach of organizations and disrupt business operations. As a result the IT fails to deliver the expected value and sloes hamper the company’s ability to grow.
Disparate and siloed systems increases run time errors and diverts employees from their core processes. Employees cannot leverage data effectively in the backend systems. Heaps of unstructured and structured data becomes difficult to reconcile.
Another part of the problem is getting real time visibility into the software systems consisting of overlapping databases, hybrid systems, etc. Teams need the real time ability to extract business reports from their IT consisting of different operations. Despite spending huge time, teams fail to get the desired view of their information.
Simultaneously, the maintenance cost spikes as an enormous cost is incurred in maintaining & updating new versions of these applications. Rigorous integration needs to be performed to align softwares as per line of business needs. Valuable IT time is lost in creating connections.
How B2B integration Tools Accelerate Revenue Acceleration Goals?
Optimizing Processes: A business integration software optimizes the processes of the organization. By automating processes teams can remove inefficiencies out of them and achieve targets faster.
Accelerated Growth: An integrated architecture delivers remarkable scalability to extend systems across different processes. Organizations can build marketable products and improve customer churn with better services.
Fostering Innovation: A B2B integration tool helps in developing tailored processes. Better data governance ensures that only quality data can be shared for fostering innovation.
Establishing a Single Source of Truth: A unified system sets up a single source of truth by eliminating multiple sources of truth. The users get access to quality data for big data purposes.
Enterprises are haphazardly implementing advanced softwares with a view to reap the benefits. However, they are creating a complex network of differentiated IT systems in the due process. These processes are difficult to integrate with a manual process and can be simplified with a business integration software.