Challenges of Managing Data across Multiple Enterprises
Collaboration across the enterprise with business partners and customers is critical to expanding a business. The diverse requirements of partners and customers, however, present challenges. And the complexity and diversity of their requirements are growing.
As businesses move to extended, multinational supply chains and into emerging markets, global business processes become increasingly complex: data from differing regions, businesses, currencies, and business cultures now needs to be integrated. Today’s businesses need to communicate with customers, suppliers, and partners through many avenues to support all sorts of business processes. Data containing multiple types of information — such as payments, orders, inventory, product availability — travels back and forth many times from the enterprise into partners’ and customers’ enterprises to enable business transactions. The information crossing enterprise boundaries ranges from simple document transfers to full applications service calls while market forces are greatly increasing data transaction volumes.
Businesses must do more than simply support these transactions. Businesses must have absolute confidence that all information is acquired and transmitted in a timely, accurate, and complete manner: if the assembly of a product is missing a part, the product cannot be shipped; if a product is not introduced to the market in a timely manner, competitors may capitalize on this delay; if an order is incorrectly shipped, the business cannot fully collect revenues; if a payment is not processed correctly, interest charges occur.
Conducting multi-enterprise, global businesses involves three key challenges:
- Wide diversity in standards and business partner requirements
- Regulatory compliance and customer mandates
- Business initiatives to gain advantage
To address these challenges, businesses must effectively enable a centralized hub that provides visibility, integration, management, and orchestration of all the data transactions that cross multiple enterprises.
With capabilities surpassing the usual B2B solutions, Informatica B2B Data Exchange allows you to support the expanding diversity of customers and partners and their data:
- Comprehensive data transformation, including unstructured and structured data
- Pre-emptive data quality to prevent poor data from entering the system
- A robust, scalable infrastructure that ensures multi-enterprise visibility
Informatica enables you to support the expanding diversity of customers, partners, and their data with structured and unstructured data transformation, multi-enterprise visibility, and pre-emptive data quality. As a result, you increase and protect revenue streams with easy on-boarding of new customers, improve operational efficiency, and enhance the integrity of your data for decision-making.