The integration definition has become popular in business and has become an essential standard for running and developing an organization. According to the study in 2020, they pointed out that over 80% of enterprise business leaders recognized data business integrations are vital to ongoing operations; 67% of businesses are counting on data integration for analytic assistance; and 65% of companies prioritized conducting data integration. Therefore, in this article, we will look at why integration is important for business success.
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What is business integration?
Business integration, also known as B2B integration, is the automation of business processes to allow connection between two or more applications or systems. It also allows organizations to take advantage of existing resources such as people, technology, processes, and data to stand out from the competition. As a result, thanks to applying the integration, they can meet the requirements of the global business ecosystem that can connect, communicate, and collaborate with others.
Benefits of integration for business
Without integrations, your business is only an independent organization, like a country that closes its borders, not connecting, communicating, and collaborating with other countries. It will cause a lot of difficulties and challenges for business growth, such as waste of time, disconnected data, low effective operation, data not updated in real-time, and so on. In this section, we will show the reasons why integration is important for businesses.
Save time and money
After using the integration, all processes will be automated, limiting human error. For example, your employees only need to enter the source data once, and then the systems will access and process it according to the predefined process correctly. Besides, integration also contributes to speeding up detection and improving mistakes. As a result, your business cuts unnecessary costs and focuses on improving efficiency.
As we mentioned above, business integration is like a country opening its borders to connect with others, improving communication, and resurrecting previous ineffective business processes. Reality has shown that effective business communication will boost employee morale because they will have good coordination in teamwork, increase customer satisfaction by correctly meeting their needs, and increase productivity and effectiveness.
Security is one of the aspects that everyone is always concerned about in an era where information is easily stolen. But, monitoring and controlling the particular security requirements for each system or software causes a lot of issues for business owners. Thus, business integration is an all-in-one solution for connecting multiple platforms into a unified platform to control data and ensure security.
Unified and automated operating procedures
When all subsystems are connected, all data is aggregated, processed, and transferred following the unified workflow. It will offer a centralized place for all relevant communications. Furthermore, staff can focus on other assignments to boost productivity, which helps to accelerate corporate growth.
Data transparency plays an important role in business operations. For example, companies would like to be open and communicate more about the data they need from consumers, or the consumers need to find information to trust that company more. After integration, all of the staff can access, monitor, manage, and share the necessary information more effectively and efficiently.
Finding ways to increase profitability, limit costs, and eliminate waste is a challenge for almost all organized leaders. So, optimizing the resources is an effective solution for these issues, and integration can do it. Business owners can forecast customer demand to estimate adequate resources for serving it. On the other hand, integration can contribute to the immediate detection and handling of resource conflicts by ensuring that no resources are double-booked to serve the same demand.
Preserve legacy systems.
When it comes to running a business, there are different elements that entrepreneurs need to look into, such as finance, marketing, and human resources. However, they need to consider carefully how to use the older legacy workloads that might not fit in current situations. Therefore, business integration facilitates connecting and interoperating between old and new legacy systems to continue working, developing, and resolving.
As the business scale has been expanded, the amount of data will become larger and larger, which causes a lot of difficulty in storing and controlling. However, integration makes it easy for cross-departmental employees to access and process data as needed in real-time. Transparency, reducing data loss, improving organic search, improving self-service data access, and so on are benefits of data accessibility whenever using business integration.
In summary, according to the above information, we can understand why integration is becoming more and more essential in business development. Depending on your budget and requirements, choose suitable systems for your business, such as POS, CRM, ERP, eCommerce platform, accounting, or marketplace. Besides, please don’t hesitate to contact us if you need an integration solution or have any questions about it. Beehexa is one of the top software solutions providers, providing the HexaSync integration platform to help companies connect their apps and systems. Finally, we hope that this article will be valuable to you.