Take a second to think about how many B2B integration processes are taking place within your company at this very second. Over time, companies tend to invest in a variety of technologies to operate more efficiently and effectively. The irony is that too many of these integration technologies create more hassles; someone needs to handle security, control, and governance.
That’s why IT consolidation is crucial. The consolidation of B2B integration technologies has a positive impact on business processes and revenue growth potential.
What Is IT Consolidation?
IT consolidation, as the name implies, refers to consolidating technologies so you’re still working efficiently, yet managing fewer security, control, and governance needs. There are many use cases for IT consolidation – if you do a search for the term, you’ll see it’s been used in call centers as well as within the federal government to improve operations.
What does IT consolidation look like when it comes to B2B integration? It means bringing together all of the systems and technologies that facilitate information integration. “Information integration” refers to collecting, tracking, transforming, aggregating, merging, or moving data to facilitate application-to-application, business-to-business, system-to-human, and other forms of interaction, analysis, reporting, decision making, transaction, and process execution.
How Can IT Consolidation Help Business Processes and Revenue?
There are a number of benefits that IT consolidation of B2B integration solutions brings to business processes as well as your organization’s bottom line.
For a start, you’ll gain greater visibility into your business processes. If you have multiple information integration systems, you can’t see everything in one place. You can’t tell, for example, that a shipment has made it to a customer, or that you’ll be receiving raw materials from your supplier in a week’s time. IT consolidation changes that.
“IT consolidation of B2B integration solutions gives you greater visibility into your business processes.”
Moreover, you’re able to meet customer SLAs. Some customers expect advance ship notices or other documents to be transmitted electronically. With IT consolidation of your B2B integration processes, you can do that from one place, enabling you to meet these requirements quickly and easily.
What does IT consolidation of B2B integration processes do for your revenue potential? First, it makes you more efficient. You’re no longer wasting time duplicating processes. Furthermore, you’re saving money by not having to pay chargebacks or other penalties because you’re meeting customer requirements.
“IT consolidation boosts revenue potential by making you more efficient.”
Second, it makes you a more attractive trading partner. Customers want to work with firms with whom it’s easy to do business. With IT consolidation of B2B integration processes, you’ll develop a reputation as a company that is able to satisfy customers’ needs quickly and properly. That will drive customers to you.
Your B2B integration no longer has to look like spaghetti (or worse, silos). IT consolidation brings information together from disparate sources to make your organization more efficient as well as more attractive as a trading partner. Are you ready to integrate?