B2B integration enables companies to digitize, integrate, automate and optimize information flows and key business processes that extend across internal and external business ecosystems.
What is B2B Integration?
The manual exchange and processing of information between companies is slow, inefficient and often prone to error. Electronic Data Interchange (EDI) has been providing the digital foundation for how companies can work together for more than fifty years and EDI is central to the DNA of today’s supply chain operations. Companies looking to establish an integrated, digital ecosystem to help exchange EDI based business transactions in a seamless and efficient manner need to digitize end-to-end information flows. Originally designed to electronically exchange business documents with suppliers and customers, B2B (Business-to-business) integration enables organizations to saves time and money as well as improve the level of service that can be delivered. Defined as ‘the digital integration, automation and optimization of key business processes that extend outside the four walls of your organization,’ B2B integration provides a technology architecture to improve every aspect of how organizations work with customers, suppliers and other partners.
Modern B2B integration solutions have evolved to provide the foundation for ecosystems of trading partners to work and collaborate effectively together. Companies have been able to accelerate B2B integration solutions adoption by working with outside trusted partners that offers B2B integration services, more commonly known as B2B Managed Services.
OpenText B2B integration
Organizations rely on supply chain and business partners to deliver products and services. OpenText™ operates the world’s most powerful B2B integration network, ensuring supply chain and B2B processes are handled by OpenText™ Business Network experts with deep experience and industry knowledge, including for growth markets, such as China.
OpenText™ B2B Integration incorporates expertise from the leaders of OpenText acquired companies, such as GXS, EasyLink, ANX, Covisint and Liaison Technologies, to offer the most comprehensive suite of B2B integration solutions available. Multinational enterprises to SMB suppliers use the OpenText B2B network around the globe every day. More than 600,000 businesses in 60 countries execute 24 billion transactions worldwide, facilitating the transfer of goods, money and information between customers, suppliers and service providers.
OpenText B2B integration solutions, including managed services, B2B integration software and SaaS applications for B2B transactions, are all hosted and built on a global enterprise network, OpenText™ Trading Grid, the world’s leading cloud based B2B integration platform. Trading Grid features services, such as message translation and data quality, which can be accessed by any of the product applications. With Trading Grid enterprises can:
Seamless integration
Connect to all trading partners and bridge technology gaps with the OpenText network, offering a full portfolio of direct integration options for SMBs and large enterprises.
Industry expertise
Achieve ROI more quickly with solutions and expertise in automotive, manufacturing, consumer products, financial services, high-tech manufacturing, pharmaceutical and retail industries.
Leading technology
Rely on industry-leading performance and reliability with best-in-class technology, a fully-redundant, highly-available infrastructure and 24×7 multi-lingual support.
B2B Integration Capabilities
Business Network supports a wide range of B2B integration capabilities, offering both cloud and on- premises solution offerings for large, medium and small sized companies around the world. Trading Grid™ underpins OpenText’s B2B integration capabilities and can support supply chain digitization projects in three key ways:
EDI and Value Added Network (VAN)
Upgrade existing platforms or start a new EDI program to mediate technology and process differences between business partners. Rely on OpenText™ Trading Grid Messaging Service to exchange transactions with business partners and monitor transaction documents with real-time visibility and alerting. Measure trading partner performance with a cloud-based analytics platform, while accelerating transactions with small suppliers and customers with low cost, easy-to-use web EDI.
B2B integration software
Deploy a new B2B gateway, translator or managed file transfer with integration software designed specifically for the unique needs of B2B. Incorporate and simplify industry standards with the OpenText™ BizManager family of B2B gateway software solutions, while quickly rolling out EDI programs, reducing manual entries and easily converting inbound transactions with OpenText™ TrustedLink™. Gain visibility across existing systems and remove the risk of unsecured document exchange with OpenText™ Managed File Transfer Service. Available in small and medium-sized business solutions to manage EDI documents easily, with upgrade options to integrate with accounting systems and build a trading community.
B2B Managed Services
A cost effective solution to manage day-to-day B2B supply chain needs, including onboarding, mapping, translation, monitoring and trading partner enablement processes. The OpenText mapping team has experience with more than 200 B2B standards, across industries and countries around the world, including China and Brazil. Onboard customers, distributors, suppliers, contract manufacturers, logistics providers and financial institutions quickly. Track and identify transactions easily with the document tracking service and smoothly integrate with SAP and Oracle systems via OpenText integration experts.
Benefits of B2B Integration
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Reduce manual processing and errors
Significantly reduce time and cost associated with manual processing as well as errors involved in processing business documents.
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Process automation
Improve business efficiency by automating key processes and leveraging EDI documents to support Order-to-Cash and Procure-to-Pay.
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Optimize business processes
Increase productivity and reduce inventory by leveraging EDI integration to help increase supply chain automation and optimize related business processes.
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Improve visibility and insights
Gain visibility of all activities and transactions within the supply chain.
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Improve trading partner activities
Enhance collaboration within trading partner communities and improve trading partner performance management . Encourage innovation through closer trading partner relationships.
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Better decision making
Get control and visibility into all B2B data to deliver actionable insights for improved decision-making.
B2B Integration Solutions
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OpenText™ B2B Managed Services
B2B Managed Services
OpenText™ B2B Managed Services offers a trusted, experienced partner that manages daily B2B operations to accelerate time to value. B2B Managed Services delivers the expertise, process support and technical infrastructure to meet current—and future–B2B integration needs.
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OpenText™ Trading Grid™
B2B messaging services
OpenText™ Trading Grid™, a cloud-based integration platform that serves as the foundation for OpenText B2B integration solutions, provides all the necessary integration technology to connect to business partners, without the risks and challenges typically associated with behind-the-firewall software.
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OpenText™ Active Applications
Procure to Pay and Order to Cash processes
A suite of cloud-based Software as a Service (SaaS) solutions that support Procure to Pay and Order to Cash business processes. Our suite of OpenText™ Active Applications support order management visibility, electronic invoice compliance, transaction quality monitoring and visibility of transactions as they are exchanged across the digital ecosystem.
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OpenText™ Biz Manager
B2B Gateway software
OpenText™ Biz Manager is a suite of on-premises software that offers a complete B2B communications gateway for messaging, mapping, transformation, tracking and auditing B2B transactions.
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OpenText™ Managed File Transfer Service
B2B Gateway software
OpenText™ Managed File Transfer Service allows companies to exchange large files securely and quickly across a trading partner community.
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OpenText™ STP Financial Hub
Straight Through Processing
OpenText™ STP Financial Hub is a complete product suite that provides end-to-end processing workflow support for equities, ETF, fixed income, funds and alternative investments, integrated payments (including FX), wealth management and other critical financial activities.
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OpenText™ Intelligent Web Forms
Web forms
OpenText™ Intelligent Web Forms enables small to medium sized companies to digitize paper-based documents, such as purchase orders, invoices and ship notices. Available in a variety of languages from French and German to Korean and Chinese, web forms do not require users to install or license any software. Only a browser and an internet connection are required to use the service.
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OpenText™ Email2EDI and OpenText™ Fax2EDI
Email and fax to EDI
OpenText™ Email2EDI and OpenText™ Fax2EDI provide cloud-based email and fax image capture services that transform supply chain documents into machine-readable information, ready for integration into back-end systems. These solutions allow small and medium-sized businesses to quickly, easily and cost-effectively participate in EDI programs by continuing to use their existing email and fax-based processes.
For inquiries, email us at info@agdinfotech.com
Source: https://www.opentext.com/products-and-solutions/products/business-network/b2b-integration-services
