With innumerable moving parts, even top-notch, successful business leaders sometimes get the feeling that things are going out of control. This holds especially true with supply chains, even when a robust EDI integration solution is present.
All EDI integration solutions are not equal, a fact some organizations realize it when it is too late. Also, many of those organizations fail to realize their B2B integrations are getting out of control due to a lack of available options.
Here are three reasons B2B integration is getting out of control. If you find that these reasons apply to your business and integrations, it may be time to reimagined your technological solutions.
1. Takes too much time: Integration is a vital aspect of every business and supply chain. And because of complexities, integration often takes time. Also, onboarding takes time, so customers often experience delays.
When traditional data integration solutions are used, IT teams need to implement custom codes and build data mappings to create data connections with customers. This takes weeks or months of calendar time.
The process can be made faster by using automated data integration tools. Business users are empowered to create data connections while IT is freed to focus on more high-value tasks.
2. Increases business costs: Data integration is a solution that enables companies to accelerate revenue. But if the total business overhead cost is too high, then the impact will lessen. The high cost stems from a variety of different factors, including errors, supply chain disruptions, system downtime, missed SLAs, maintenance and service fees, and more.
This problem can be resolved using reimagined data integration solutions with self-service and AI and ML capabilities. By turning digital onboarding processes 80 percent faster and automating the steps, organizations can reduce overhead costs to a large extent. Many modern data integration solutions help companies save $10-20K for every business partner they integrate.
3. Fuels errors in data exchange: In many business ecosystems, the data exchange processes are not up to par. Further, integration issues can trigger supply chain disruptions that can impact organizations, business partners, and customers. These disruptions lead to costly fines that can harm the business’ structure, vendor scorecards, and relationships with business partners. Therefore, it’s in the organization’s best interest to reduce the number of errors and improve the data exchange processes.
Modern data integration solutions use self-service and automation to secure B2B data exchange processes, improving accuracy and value generation. When business users can exchange data with partners in a secure way, they can meet their needs and requirements without delay. That helps companies delight customers and improve their lifetime value. Ultimately, companies can create new revenue streams in the business.
Adeptia’s self-service data integration solution enables non-technical business users to implement data connections while freeing IT to drive more high-value tasks. Business users can leverage pre-built connectors, shared templates, AI-data mapping, and more to build data connections and secure data exchange processes. At the same time, IT is freed to drive innovation-driven tasks. That helps companies reduce costs and also grow revenue. Watch a demo today!