Three Months Before the B2B Mandate in Germany: Questions Arise About Reform Preparation
The B2B mandate in Germany, set to take effect on January 1, 2025, marks a crucial step in the European…
Generix & Open Sky Group Advance Their Joint Mission to Accelerate Supply Chain Digitization in North America View the press release
Complexity has become the name of the game for globally-integrated companies. Day-to-day life entails the management of multiple players, products, supply chains, and channels in order to remain not only competitive, but also to merely stay in business. However, while complexity is something to be expected, it doesn’t have to go hand in hand with complication. Complication in business usually stems from issues such as poor management, inefficient processes and organization, and the way data is extracted and managed. These complications can usually be traced back to the use of complicated and clunky IT systems that were never set up for global integration. Our recent IDC survey shows that the key IT challenges that companies face today are namely the high costs of IT implementation and the complexity of information network integration. Companies find themselves faced with the inability to deal with different data formats in a competitive manner, which then negatively impacts their ability to meet customer demands as effectively as their competition. B2B integration goes hand in hand with fulfilling the customer promise, and without certain levels of collaboration and an IT structure that promotes collaboration, businesses are falling behind.
Nearly 60% of the companies evaluated state they also face complications due to the use of multiple B2B applications, creating an even more complex ecosystem to manage. Businesses are now required to reinvent their use of IT in order to create a more flexible system that will be able to handle all types of ecosystem complexities from the get-go. Adopting a SaaS-based platform will allow companies to allocate money, time, and effort to a system that embraces complexity and uses it to grow.
However, business integration is not an easy undertaking. The IDC survey highlights five obstacles ostensibly standing in the way of effective integration. These are the obstacles that businesses need to confront head on if they want to achieve success:
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