Any company looking to promote and experience healthy growth should make business integration a high priority, according to a recent Dynamic Business report, as adding new functions is key to expanding a customer base and increasing profitability.
What's more, by utilizing a business integration solution the organization can link all its systems together to streamline processes that will lead to greater efficiency.
"You’ll streamline operations and gain a competitive edge by integrating your accounting, business intelligence, customer relationship management, supply chain and human resource management applications," the report stated.
These benefits are especially important for manufacturers that deal in large quantities of inventory. With a warehouse management B2B integration solution, the report said, these organizations can ensure that just the right amount of a product is in stock at all times. Such software will also allow the company to collaborate and communicate with suppliers more effectively.
Of course, to reap such benefits a company will need to focus on the most effective integration strategy possible. Otherwise, experts say, it runs the risks of deploying standalone systems and applications that only lead to more silos.