A proactive approach to data compliance helps organizations alleviate risks, additional costs, and form strong relationships with stakeholders, thereby accelerating revenue and growth.
Understanding the essence of data compliance in today’s digital world is highly essential, as companies that fail to comply with the essential data protocols or formats could impose serious costs on business. These costs, however, are not solely financial; organizations can witness downfalls such as loss of reputation, poor decision-making capabilities, missed opportunities, and a sharp plummet in growth.
Adopting ad hoc approaches to deal with customer data compliance issues leave data vulnerable and create inconsistencies in data flow or processes. Further, companies employing outdated technologies or tools to meet customer data requirements demonstrate a low level of compliance, which can lead to slow transaction delivery times, data loss or discrepancies, incorrect file formats, and expensive SLA violations.
Investing in modern technologies such as an integration platform offers a proactive solution to ensure data compliance in a business ecosystem. Here are some of the benefits of using an ecosystem integration platform.
1. Processes in enterprises mainly occur in silos and in a fragmented manner. Employing a solution that is a combination of enterprise application integration and EDI allows businesses to enhance the quality of their end to end processes for data transformation, orchestration, and movement. To add, this helps in streamlining the end-to-end data lifecycles, and as a result, enterprises can accelerate their any-to-any integration processes.
2. Ecosystem integration platform with a centralized console offers enterprises a comprehensive view of their B2B interactions. This promotes real-time visibility of all the data exchanges and allows organizations to create a strong digital data footprint that creates new opportunities and critical business insights. With the help of such integration solution, business users can view and monitor the complete customer journey, from the ordering process to fulfillment; their ability to offer superior-quality customer service at any step in the process remains intact.
3. Modernized integration solution holds the capacity to centralize the data movement processes in a precise and simple manner. It eliminates the need for integrating a multitude of clients as well as trading partners with individual custom integrations, thereby not forming a mesh. Hence, companies can easily consolidate their systems and manage crucial B2B integrations across the business ecosystem.
4. Manual workflows increase the risks of errors. Automating core integration processes allow companies to reduce the errors, which in turn, helps in alleviating the overhead costs. Automation of customer and partner onboarding process within an ecosystem helps in diminishing the time for building and maintaining data mapping or file transfers, thereby speeding time to value.
Using event and non-event alerts allow companies to combat costly SLA violations. These data governance alerts essentially mitigate errors, thus pre-empting risks of SLA penalties and promoting data compliance with customers. This also addresses the "preventative" policies needed by companies to handle delayed arrival of parts information, missed shipment dates, or incorrect enrolment plans from the third-party.
Data compliance is an important facet of any business today. An enterprise with strong and flexible data compliance system is easier to do business with new and existing customers and savor benefits such as speeding revenues and rapid time to value.
Adeptia's data compliance solution supports all manner of data format and protocol to support customers’ evolving needs and solves compliance issues encountered while integrating data, like file encryption, user authentication, and end-to-end flows monitoring.
With features such as compliance dashboard, centralized governance system and more, Adeptia’s flexible data compliance mechanism not only helps enterprises govern end-to-end data security integration process flow, application integration, data exceptions, data volume, partner data exchange, SLA exceptions, etc., but also simplifies the data movement.
Further, with the ability to take inputs from various sources, Adeptia compliance system reduces production flows, from months to a few hours or days. It creates a policy guideline for these flows, enables aggregation and normalization of events, and offers an end-to-end process execution, meta-data for reports along with audit analysis.
Hence, whether an enterprise seeks support for various data formats, connectors, protocols, or SLAs in order to promote customer data compliance, Adeptia compliance mechanism is indeed a befitting solution.