Traditionally, service provider organizations have relied on individual processes set up on adhoc basis to exchange data with external trading partners. However, this approach fails to support high volume transactions as organizational partner networks continue to grow and evolve rapidly. Due to the inability to support complex transformations, organizations lose valuable time and money while setting up data process flows between partners.
Prominent Partner Data Exchange Issues that Keep Enterprises Away from Profitability
- Partner Management & Monitoring Issues: Organizations lack basic controls to set up and manage partner level parameters which define how a document syncs with line of business rules. Due to this, existing systems fall flat in bringing data from external sources, monitoring partner interactions, and developing responses against errors.
- Compliance, Security and Governance Issues: Ensuring adherence to compliance, security, and governance becomes a daunting challenge for IT teams when high volume of data is in rapid motion. With conventional systems, IT teams battle to align their data with compliances and data security issues.
- Increased IT Expenditure: More people and resources are required to manually support independent partner networks & processes. Compounding that challenge is the lack of data layout or formats for billing, order management, and inventory management, because of which organizations end up investing large amount of time and money in manual data entry and error solving.
- Slow Onboarding: Data onboarding is a different kind of beast altogether and one of the biggest challenges that companies face during partner data exchange. It often takes several months time to onboard customers and exchange data with them.
For nearly two decades, Adeptia has disrupted traditional industry practices to help organizations in fixing such issues and integrating with their partners & processes globally. We have seen that the above issues plague most enterprises that depend on frequent partner data exchange. In our upcoming webinar, ‘Better by 10x – Accelerate Revenue by Simplifying Partner Data Exchange’, we will explore use cases where organizations are thriving successfully using a radical new approach to setup automated partner data exchanges.
We will discuss valuable lessons learned and results obtained while helping organizations overcome partner data exchange issues through self-service processes. We will talk about:
- Enabling business users to manage, setup and monitor B2B data exchanges.
- Improving compliance, security and control by allowing I.T. Staff to focus on governance.
- Reducing operational costs while enabling self-service for business users and partner users.
- Minimizing burden on customers by simplifying pre-process data requirements.
Register for our webinar and discover how you can simplify partner data exchange to experience less complexity and less cost while accelerating revenue by 10X.