The technology integration was never so complex and it is expected to further degenerate for making things only difficult. Organizations are squandering their huge part of investment on new age technologies to drive innovation, agility, and scalability. During this process of haphazard adoption they are creating complex assemblage of IT network without understanding the integration requirements. Smart companies are climbing these challenges with a B2B integration framework. They are driving business ahead by combining disparate pieces of technologies and orchestrating them effectively. However, many companies are selecting wrong integration partners and losing valuable business opportunities.
System of Record for B2B Flows: B2B organizations are facing tough times from customer demands. And there is jostling competition from new disruptive entrants, and tech-driven behemoths. The future belongs to those organizations which are willing to restructure their B2B Process Integration model as per changing environment. Smarter organizations will focus on ‘system of innovation’ rather than ‘system of records.’ Out of the box 'B2B flows for System of Record' will help companies in achieving success with such endeavors and becoming more agile. It will provide a flexible and collaborative approach for planning, stock requirements, scheduling production, managing multiple warehouses & inventory, and managing goods. It can enable a central account which operates across all channels by all partners.
Rich Forms Will Allow further Customization by Hubs: Another rich capability will be dynamic and rich forms for supporting traditional and modern EDI standards. It will be one of the key factors to connect hubs (organizations) with their spokes (trading partners). This integration feature will help organizations in becoming cost prohibitive in the future. With this capability, organizations can connect faster with traditional (ANSI X12/ EDIFACT) and proprietary standards (NACHA/ BAI).
Any-to-any Integration: This functionality holds a special significance and it should be considered while selecting an integration technology. Any-to-any integration is not just a requirement, but it is a necessity. It helps users in getting data at the right time in the right hands. Organizations can greatly reduce the cost of building integration with this approach and helps companies in reducing the cost of ownership. Organizations can bring data faster from their partners, become easy to do business with, and reach revenue faster.
Secure Data Bridge: Data protection laws like General Data Protection Regulation (GDPR) are looming and they impose serious liabilities on organizations for breaking any provision. To overcome such problems, organizations need a secure bridge for end-to-end encryption. Which layers data with dense protocols and safeguards data from threat actors.
Prince delivers actionable intelligence to leading information seeker across the globe. He is a technology writer who likes writing on business technologies which fix critical technology integration challenges.