Today, businesses understand that a strong business network is important to succeed in a highly competitive digital landscape. This becomes possible only if a business succeeds in establishing a relationship between different stakeholders including suppliers, partners, employees, and other stakeholders. This is where a B2B integration solution can help. Having said that, it is important to understand how these solutions serve. This post discusses various common features of b2b integration solutions and four business benefits offered by them.

A Few Common Features of B2B Integration Solutions

A business-to-business (B2B) integration facilitates efficient business communication between two or more different business organizations by automating and streamlining their information exchange. A B2B integration service solution is built on the architecture that helps process various information formats easily and route it through a single ecosystem. These business solutions differ in terms of their designs, still, they share a few common features discussed below.

• B2B Standard Support: As said before, businesses follow different document formats. For instance, you and your trading partner may be using different data formats. This disparity will slow down the onboarding and trading process owing to difficulties in data integration. A B2B integration solution is will help you ease the communication because it is capable of supporting these diverse B2B standards.
• Internet Communication Protocols Integration: The B2B solution is equipped with communication adapters that support diverse internet communication protocols such as HTTP, AS2, MQ, FTP, SFTP, Connect: Direct, and so on.
• Application Integration: B2B integration service platforms are equipped with adapters that support the integration of diverse enterprise applications, Saas applications, and so on.
• Translation and Mapping: Translation and mapping features enable easy conversion of documents to the required formats, such as X12 to RosettaNet XML or ANSI X.12EDI document to Microsoft Excel, and so on.

In addition to these features, B2B integration solutions also support message tracking and reporting, data validation, encryption, compression, and other related services while helping businesses strengthen their partner relationships. For example, use a phone number validation API for phone number data validation.

4 Ways a B2B Integration Solution Can Transform Your Business

#1 Automates Business Processes:

Availability of capable resources is one of the key problems faced by businesses around the world. A B2B integration helps businesses reduce dependencies on human resources, and improves the accuracy of transactions by automating business processes. This improved efficiency leads to a reduction in expenses.

#2 Improves Data Quality:

A study by Gartner suggests that on average businesses tend to lose $9.7 million every year due to poor data quality. Poor data not only leads to heavy financial loses but also impacts productivity, efficiency, and credibility of an organization. Thus, fixing data errors is becoming one of the challenges for business organizations.

A B2B integration service platform helps improve data quality by reducing human input, removing duplicates, and fixing errors before they enter your company’s trading system. In this way, you can easily reduce your efforts and investment to detect and correct poor data.

#3 Improves Business Performance:

Today, businesses are striving hard to acquire a faster time to market capabilities. It is difficult to achieve a faster time to market unless you have an in-depth understanding of your business operations and better control over various processes. A B2B integration solution features several integrated reporting tools that may provide you insights on different business processes across your organization or across your supplier organization.

These tools allow you to evaluate your business processes and make necessary changes to improve your business performance. Many of these solutions offer dashboards displaying all key performance indicators that allow business users to make the right decisions on performance optimization.

#4 Improves Business Connectivity:

Digitization has opened up global opportunities for businesses. Needless to say, these businesses are taking advantage of digital technologies to connect with suppliers and customers located in different parts of the globe. Although it may seem simple, still partner enablement is not an easy process owing to the disparity in technologies, systems, business processes, and time zones.

A B2B integration platform helps simplify these challenges by connecting various business entities over a single platform. It enables businesses to effectively communicate and share the information in a format that works best for both of them, thereby enabling a better business relationship.

Conclusion

If you are interested in utilizing the opportunities provided by digitization in a timely and efficient manner, it is important that you implement an effective B2B integration solution. However, to realize its benefits, ensure that you investing in a B2B integration solution that addresses a range of connectivity problems that your organization is facing, and offers the features that you are targeting.

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What is Codeless Integration?

Codeless integration or zero code integration is a paradigm shift.  Enterprises can automate data integrations without coding and build integrations faster. With this unique advantage, IT can focus on governance and business teams can build integration workflows.

Experts believe that enterprises succeeding in the digital age will be those which will create business data connectivity faster. And codeless integration addresses this need, it helps in integrating a universe of application in minutes and not months. It helps business users in building integrations and executing business transactions. This solution also helps organizations in allowing technologies to work in tandem and aligning them with business goals. Enterprises can respond faster to technology and business changes and minimize the impact of disruption.

For instance, retailers can use this approach to combine physical and virtual worlds and deliver a delightful customer experience to the organizations. Retail companies can enable an ecosystem where customer’s preference data is automatically recorded by systems. The preference data can be leveraged from the backend for reaching target audience faster and closing deals faster. Banks can reassess the loan portfolio, track frauds and bring data from different systems.   

Core Elements of Codeless Integration

Codeless Integration solves more than one problem apart from eliminating IT complexity. Enterprises get a single run-time engine or platform for combining cloud & on-premise systems in a hybrid environment. All people, processes, and technologies can be integrated in a seamless manner. It helps operational users on four fronts:

• Integrate: Build integration with enterprises or within the enterprise.
• Design: Map data flows without coding.
• Monitor: Audit all integrations.
• Govern: Enable end-to-end governance of all flows.

Codeless Integration makes IT future-ready and frictionless. It helps in accelerating business transformation initiatives. It packs unique drivers to address the needs of:

1. Constituents (Integrators): Constituents can be integrators or business users who need integration endpoints. The integrators can be CIOs, analysts, application leaders, etc.
2. Integration Use cases: An integration solution scales to address the needs of any Application to Application integration needs.
3. Endpoints: An endpoint is an entity which provides entry to any service, process, or destination.
4. Deployment Models: Allows applications, processes, data, services, etc. to be deployed on cloud networks. Users can move workloads between different deployment environments.

Why Enterprises Need Codeless Integration?

Conventional integrations have become outdated and obsolete. They don’t scale as per diverse integration needs of organizations. New world business requires more intelligent, simple, and flexible integration capability. They will require zero code integration approach.

Users can govern IT from a single interface and manage al integrations in a better way. Data can be managed in a cohesive and consistent way. Users get the ability to onboard customers faster, become easy to work with and accelerate time-to-revenue. An organization can reduce operational cost and improve productivity and achieve lasting success from their investment.

Conclusion
IT consumerization is increasing and one of its consequence is IT complexity. It is not feasible to solve IT complexity with a point-to-point connectivity or manual approach. Enterprises in the digital age will require end-to-end integration.

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To clear the colossal backlog of regulatory authorities and administrative institutions, information solution experts came up with automated integration solutions. As an information solution expert, I was at the forefront of a groundbreaking integration suite. I offered a fully integrated online platform embedded with dexterous features to get the companies out of backlog quicksand.

Use Case: Solution Which Can Help Regulatory Authorities in Getting Out of the Bubble?

A federal program provided tax credits to companies hiring employees from specific segments, i.e.,  veterans, youth, ex-felons, etc. As per the plan, businesses were supposed to send applications mentioning the details of hired employees to respective authorities for receiving the tax credits. After the great recession of 2008, there was a steep increase in application submissions. Apart from this, there were already pending documents which required renewals at the federal level on yearly basis.

As a result, there was a considerable amount of backlog of lacs of applications. With the roadblock ahead, authorities urgently needed an automation solution.

A fully-automated platform was envisioned for submitting and processing applications. The wizard helped in reducing the application processing time by just a few days and saved the cost of hiring further resources. The platform cleared the backlog and saved millions of dollars in tax credits for employers.

In an aggregate the following benefits were delivered to the authorities:

#1 Fully Automated Systems:

The integration platform helped in automating form submission process. The custom programming features reduced manual processing errors and monitored documents effectively.

#2 Integrated Processes:

Moreover, the online platform was synchronized with backend systems to ensure that data is moving freely. The Service Oriented Architecture (SOA) established ‘Bulk Application Submission’ and ‘Document Validation Processes’ with predefined business rules.

#3 Processed Data with 10X Agility:

The data arrived electronically and fed automatically into systems from where it was flagged, managed and classified instantly. The features helped authorities in processing 174,393 applications in few months saving approximately $256 million dollars and accelerating revenue.

#4 Zero Backlogs:

The developed solution helped in processing applications in just a flip and ensured timely federal renewals or rejections. The system updated users about the accumulated data after specific periods of time and ensured zero backlogs.

#5 Scalability:

The highly scalable solution addressed complete data & b2b integration needs of clients. Scalability features helped the organization in customizing the solution as per evolving and stringent business rules, i.e., tax records, property deeds, etc.

In this way, the groundbreaking features of an integration suite help authorities in setting up and automating their processes. The simplified automation solutions and capabilities have acquired the reputation for creating automated rich workflows and reducing errors. These solutions can further enable public sector organizations in calibrating their IT infra and generating more output.

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