e-Invoicing & EDI, Supply Chain

[News brief] The growing trend of multi-enterprise collaborative business tools

There’s a new bandwagon that nobody is going to want to miss out on, no matter the industry; that being the growing requirement for multi-enterprise collaborative business tools. These are not only limited to internal business use either, but developed to involve the entire eco-system of a company. The need to increase productivity and decrease downtime, while still maintaining a human touch at the heart of technology, has led to the development of collaborative platforms that are accessible to all those involved along the supply chain.

Published on 19 May 2017 3 min to read

Article

20170519_news_brief_the_growing_trend_of_multi-enterprise_collaborative_business_tools

Summary

What are the advantages?

We deal with so many means of communication at any given time (phone, email, and document, are just some examples) that it has become increasingly effective to consolidate these means into one system rather than relying on several different systems at the same time. Collaborative business tools are more flexible and agile, not to mention adaptable based on business and functionality needs. Today’s collaborative solution resembles a platform that is accessible to anyone via multiple channels, in addition to being easy to integrate, update, and configure. Basically, an all-in-one solution that can be used by businesses, suppliers, partners and even end clients!

And the challenges entailed?

An all-in-one SaaS multi-enterprise collaborative platform is an exciting prospect for many businesses, but there are a few challenges to keep in mind when researching the existing options. A strict security plan needs to be drawn up between client and provider in order to safeguard all areas of a business, especially when employees and vendors are given access to the system. Software providers will work with clients to ensure that access levels are created, and security is not affected in any way, even if the platform is used outside of secure client headquarters.