Your organization’s ability to efficiently handle standards-based data is critical to the overall performance of the value chain. However, according to a survey for IBM by the research consultancy Vanson Bourne, the typical organization has to manage up to 10 different data formats for B2B integration. Enterprises surveyed average five disparate B2B/EDI systems and extended networks of about 574 suppliers, partners and customers.
It’s ironic that industry standards were designed to make business easier, because for many organizations, they’re only adding to the complexity.
Here’s a look at some of the leading standards in healthcare, financial services and supply chain.
It’s an alphabet soup of standards, and it’s a situation made worse by customization, variations, the need to meet multiple standards at once, and the fact that standards change and evolve over time. What does it take to get industry standards under control?
Read this ebook to learn how to streamline the value chain with universal transformation of industry standards data. Find out how the right solutions can help you simplify, streamline and accelerate B2B integration throughout your entire business partner ecosystem.