5 Ways Data Integration Provides Value
Updated: Jun 25, 2019
While hidden from sight, data integration is essential to facilitating valuable business activities in your organization. Automating and integrating processes helps businesses to interact quicker, improving efficiency within the company as well as with customers and suppliers.
Data integration plays a vital role in enabling your organization to align company goals fully by heightening managements visibility of data from critical operations. Integration of systems allows manipulation of data between unconnected software systems by automating processes and gives your business a valuable tool with several benefits.
Still sounds a bit vague? Read on to find 5 ways Data Integration provides value for businesses:
The integration and automation of processes offer increased accuracy, reducing the risk of mistakes. It allows employees to complete processes faster, reducing the need to remedy errors and leading to improved customer satisfaction by improving operational efficiency.
Real-time data ensures that decision makers have up to date, accurate information allowing them to reach decisions quicker, giving more control over stock levels, labor costs, project management, and other essential functions and creating a leaner organization.
2. Lower Costs
Transactions between your Enterprise Resource Planning system and that of customers, partners, suppliers, as well as your internal systems become automated, reducing administration time and staff overhead. The increased access lowers costs by bringing awareness to areas that are inefficient or wasteful.
3. Improved Flexibility
An integrated system means that your business will be able to handle repeat customer orders and projects more efficiently, presenting your organization as one which is flexible and responsive to customer and supplier needs.
Possessing complete information concerning all systems and resources improves versatility throughout the whole team, allowing them to easily adapt and take advantage of opportunities.
4. Reduction in Time to Market
The automation and integration of systems means that the manufacture, supply, and invoice processes take less time than with unconnected systems. Integration shortens the supply chain, strengthening relationships with customers and suppliers while increasing cash flow.
5. Improved Efficiency
Automation removes much of the human interaction with processes, saving time and reducing labor costs. Human error is inevitable, but an integrated system and an effective data translation between systems reduces the risk of costly mistakes, minimizing duplication of effort and limiting oversights, such as incorrect entries or lost data. Software integration increases an organizations efficiency by ensuring accurate and current information, reducing delays, improving performance and increasing profits.