It's no secret COVID-19 thrust digital
transformation onto enterprises across all industries. The pressure to adapt
and transform not only ushered in new realities for business leaders but also
created a digital divide. Organizations that embraced technology, evolved
processes and optimized operations proved success and growth were still
possible, despite the pandemic. The enterprise businesses that maintained the
status quo and clung to the past, hoping for a return to normalcy, found
themselves not just trailing their competition but completely left behind.
The enterprises
that are thriving today share a number of strategic commonalities. First, they
recognize business and technology strategies must be coupled in this new
environment - the organizations understand there's no going back. The 2021 Deloitte Digital Transformation Executive Survey
found more digitally mature companies were about twice as likely as
lower-maturity ones to report net profit margins and annual revenue growth
significantly above their industry averages.
The leaders of
these enterprises are also focused on fostering agility and unleashing innovation
throughout their entire organizations. The same Deloittte survey found
digitally mature companies were over three times more likely than
lower-maturity ones to say new digital initiatives spun up during the pandemic
were already having a positive impact.
And, most
importantly, these successful companies have adopted automation-first
approaches to their businesses. In its 2020 global automation survey, Deloitte
found 73% of organizations worldwide were using
automation technologies, up from 58% the year prior.
Integration Platform as a Service
Automation is
undoubtedly the future of business but, to automate effectively, an integration
strategy is required. Without an integration strategy, data silos form and
disparate tech stacks become unwieldy, which results in business processes
breaking down. This is why thriving organizations have embraced integration as
part of their digital transformation over the past year and a half.
Known as
integration platform as a service (iPaaS), an iPaaS makes it easier to automate
business processes, and synchronize and share data across software as a service
(SaaS) applications. While individual SaaS apps can help automate manual
business processes, the overall accumulation of them - dubbed "the SaaS sprawl"
- can easily and quickly overwhelm any organization's digital architecture. In its
2020 SaaS Trends report, Blissfully found the
overall spend per company on SaaS products was up 50% compared to 2018.
Understandably, information technology (IT) professionals and individual
departments have been left trying to figure out how to manage their tech
stacks.
The technology
around iPaaS isn't new but COVID has underscored the benefits of one platform to modernize and scale business.
iPaaS offers enterprise businesses today three distinct competitive advantages:
1. Automate business
processes: iPaaS is a mandatory tool for
enterprise businesses because it standardizes the way integrations can be
built and managed. Organizations that use iPaaS to connect their apps and
automate the business processes across those apps, can remove mundane,
error-prone tasks and free up their teams to focus on what they do best.
What's more, the process is intuitive, approachable and easy. Anybody can
automate a business process - IT programming skills aren't needed.
Using
an iPaaS to automate business processes results in a myriad of benefits across
any enterprise. For instance, in finance and accounting, iPaaS presents an
opportunity to optimize cash flow by accelerating order-to-cash, and
streamlining accounts payable, accounts receivable and reconciliation. Within
human resources, iPaaS offers organizations the opportunity to tie all of the
pieces together from hiring to offboarding. Support and services teams can also
get everyone aligned with the same information - whether it's financials,
history, tickets or marketing campaigns.
2. Uphold data integrity: As departments adopt an increasing number of SaaS apps to manage
their day-to-day tasks, they also create data
silos, where the information they collect is only available to
them. In turn, employees have to re-enter data several times, switch
between apps to perform a single task and can't uncover all of the data
they need to perform their jobs effectively. Without an iPaaS to help
automate these tasks, the process of manually transferring data between
apps wastes time, leaves employees vulnerable to mistakes and blocks
automation for organizations.
By
moving away from manual processes, enterprise businesses reduce the likelihood
of redundancy and errors, while ensuring data safely reaches its destination.
Data moves freely between systems with an iPaaS, eliminating the data silos
that previously existed.
To
stay competitive in this new business environment, enterprises must stay agile.
But the ability to make quick, informed decisions hinges on data integrity.
Organizations can no longer have their data siloed in disparate apps.
3. Leverage pre-built
integrations: Savvy enterprise leaders recognize
integration today doesn't have to be a complex or tedious process. In
fact, the iPaaS market includes providers with
marketplaces of pre-built integration apps
that can not only automate common business processes from end-to-end but
optimize them as well - without coding.
The
trick is to find an integration platform that embeds business logic into
managed, pre-built integrations. That business logic is important because it
enables both IT and non-IT users to use preconfigured settings to influence
downstream flows and achieve the optimal automation of business processes. Best
practice learnings from previous deployments and artificial intelligence from
implemented processes should comprise the business logic. When the integrations
are managed, new capabilities and application programming interface (API)
updates are automatic, ensuring business continuity and added value over time.
Since
many integration use cases have already been performed and documented, there's
no sense in reinventing the wheel and coding everything again. The bottom line
is developers don't have to build workflows from scratch anymore. It's possible
for anyone in an enterprise to deploy integrations today.
Businesses of all
sizes need every advantage they can get in this new environment. Enterprises,
in particular, can no longer afford data silos or broken-down business
processes. The path to success isn't as complicated as it sounds. With the
right strategy and iPaaS tool, organizations can connect their apps, eliminate
manual processes and move their businesses forward. The choice is theirs: Adapt
and grow or be left behind.
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ABOUT THE AUTHOR
Scott
Henderson is the chief technology officer at Celigo,
where he oversees product engineering operations and product technology
strategy. Scott has worked in the enterprise software space since 2003,
focusing largely on emerging technologies and applying them to business
software integration problems. He holds a B.S. in electrical engineering and
computer science from the University of California, Berkeley.