90% of Companies Report Losing Business due to Integration Issues
We recommend checking out this Digital Commerce 360 B2B article reporting on a survey of 200 manufacturing companies regarding digital transformation initiatives and challenges.
Here are a few highlights:
90% of manufacturing companies report losing business due to integration issues, with 42% saying they are losing $500,000 or more in revenue per year, 18% over $1 million.
Business partner onboarding, a revenue-critical activity which nearly two-thirds (62%) felt should take seven days or less.
Numerous challenges during onboarding were reported by more than 9 out of 10 companies, including handling unstructured data types, poor application programming interfaces (APIs), lack of common EDI standards, and more.
Another challenge is a huge range of applications that need integrating on the back-end to support the supply chain, with over 70% of participants indicating they have at least ten important integration initiatives.
If your organization is looking to overcome some or all of these challenges, we should connect further and our team will put together an opportunity assessment of how an iPaaS solution that offers a scalable extensive catalog of commerce connectivity and third-party integrations can have an immediate impact on your organization.
Request a Free Opportunity Assesment
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