Whether you’re an established financial industry business with ERP on premises, or you’re a new business that has adopted ERP cloud services, connectors help you establish business partnerships faster. Accelerating business interconnectivity in any cloud They can modernize in a way that makes sense, both technologically and financially, and you’re already in their chosen cloud and ready to connect your systems to theirs when it comes time for them to onboard. For companies that are moving to the cloud, your flexibility gives them more options. Offering easy connectivity to the environment that your prospective SMB partners are already using removes a sizeable barrier to partnership. The solution is secure data orchestration through an integration framework that offers out-of-the-box connectivity, especially to common SaaS applications. As I stated above, the challenge lies in standardized business orchestration. For larger enterprises, cloud integration delivers cost-effective new revenue streams without taking on lengthy development projects.īanks that offer services such as a payment gateway and ERP connectors in the cloud make it easier to bring new customers on board. For smaller customers, cloud connectivity with larger business partners can lift many barriers to entry, allowing them to emerge into new markets and accelerate feature delivery. One of the principle benefits of cloud is the ability to both offer and connect to new services. Give your customers more options with connectors

However, I’ve found that even these solutions can require complex integrations that slow the process. accelerate cloud readiness, even for smaller businesses that don’t have large IT staffs or budgets. SaaS applications like SugarCRM, NetSuite, Workday, etc. However, the more business ecosystems grow, the less feasible and practical it becomes to provide that level of individualized support.įortunately, modern businesses have largely adopted solutions that come with some level of cloud connectivity. The legacy approach to business interconnectivity was to work directly with each customer, agreeing on data flows, and building shared business processes. The challenge of cloud connectivity through all these changes lies in orchestrating data flows without limiting functionality, stifling progress or exposing security vulnerabilities. Constant data movement, system updates, changing access controls and evolving endpoints all play a part, too. One of the most significant challenges to integration is the diverse nature of information systems. In my experience, as banks become closer to their clients and partners, they’re looking for easier and faster ways to connect. The struggle to meet customer demands for agility From there, you can settle on a solution that provides rapid integration while keeping your architecture agile and adaptable. If you want to accelerate business connectivity in the cloud, it’s important to first gain a firm understanding of what’s expected by your customers, and what’s required on your side. As customer ecosystems grow, traditional approaches to integration result in overly complex and burdensome data and application networks. While business leaders and technical experts have a deep understanding and working knowledge of their in-house solutions, business integration in the cloud requires a modern approach. However, these integrations don’t just happen. For banks and financial institutions, providing cloud connectivity can also open up more opportunities for business partnerships and bring you closer to your customer. Cloud integration holds many promises, including better product and service offerings, reduced total cost of ownership, simplified IT management, and architectures that keep businesses running at the pace of innovation.

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