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By weaving APIs into your B2B strategy, you are enabling new digital business and real-time patterns for document exchange. You are also taking steps to help drive an 'API First' design principle, and API-enable existing applications and systems with the following benefits:
According to Gartner, by 2023, over 50% of B2B transactions will be performed through real-time APIs versus traditional approaches.1 APIs are already being used for B2B/EDI integration. They are often the best approach to integrate partner ecosystems across company boundaries for supply chains, or financial services. Some example features and benefits include:
The enablement of real-time processing is the main reason why APIs are becoming so attractive for use in supply chain processes, especially when it involves integrating third-party logistics partners: business departments don’t want to wait overnight to receive updated shipping (or other) information.
When this company’s suppliers release an Advanced Shipping Notification (ASN), it’s immediately posted into the company’s business application, where an inbound delivery is automatically generated. If there are inconsistencies, the ASN is rejected and the sender receives a detailed notification, in real-time, directly in their related business application. All parties involved have full transparency on the process status.
Errors can be corrected immediately with minimal effort and manual work. Above all, the supply chain process is dramatically improved, which is important for time-critical processes.
Today, instead of forwarding business documents in a single batch process e.g. overnight, the company’s collaborative business processes are now executed faster, with all parties having accurate and up-to-date information.
Recognizing the power of APIs, business departments today are seeing the value of synchronous, real-time communication with business partners. API-based information exchange can be used to improve existing B2B integrations, expand collaboration, increase customer loyalty, attract new customers and reduce operational costs. Some examples of this include:
Learn how OSRAM connects multiple systems via API Management and API Integration to Salesforce with
Watch this webcast to discover how BIS, SEEBURGER’s single platform solution, can optimize your B2B/EDI and API processes in parallel.
Read this blog by Oliver Rupprecht, IT Business Integration, OSRAM, and discover how incorporating APIs into your integration.