The Business Network Platform (BNP) is a set of development tools for the integration of enterprise applications and business information. It is used in a wide variety of business domains from customer relationship management (CRM) to manufacturing automation systems and supply chain management. With a strong focus on collaboration and analytical capabilities, BNP has been used in hundreds of strategic and operational decision making areas across a multitude of industries. As a tool, it provides the integration of data silos and allows users access to their shared data resources across multiple enterprise software, business processes, and databases. In a nutshell, BNP is designed to help businesses extract value from their shared information resources and make that information available to the whole organization through the collective efforts of the application and storage silos.
The functionality of the Business Network Platform starts with data integration. In other words, BNP is designed to help companies build and maintain effective data integration policies and practices. One of the first things to note is that this integration does not have to be confined to supplier and business relationships. Instead, it can extend to customer relationships as well. For example, when the company sells a particular piece of hardware or service, it should be able to integrate the purchase order information and its details into its Supply Chain Management system (SCM). Click on this website to read more on the advantages of business portal integration.
BNP makes use of a cloud platform to provide the needed capabilities for data integration across an enterprise. This is done through a plug and play architecture. This means that the Business Network Platform enables the integration of various business applications into a single integrated platform. For example, it is quite common today to see companies leveraging BNP to automate trade execution and manage orders across multiple supply chains. To ensure that a business maintains maximum business security, BNP also implements measures to mitigate risk. For instance, the BNP's private cloud technology can be employed to ensure compliance with HIPAA, Sarbanes-Oxley, and PCI DSS regulations. Get a general overview of the topic here: ayafintech.network/blog/goldman-sachs-follows-the-timeless-business-principles-and-best-practices-in-financial-market-design-and-investment-management/.
Another popular application for BNP integration is its digital business integration platform. The platform helps in the automation of financial activities like billing, accounting, and collection activities. The processes are reduced to a few steps and thus increase productivity and profitability. BNP integrates with ERP systems and extends functionalities like lead management, CRM, and accounts receivable collection. A well designed and executed BNP Digital Business Integration platform can help save on investment costs and operational costs.
There are many companies who need help in transforming their business into a virtual platform. To achieve this, they need to deploy Enterprise Portal (E Pep). This is a web-based collaboration and document management tool that works as an interface to the Business Network Platform and BNP Cloud. To get started with the deployment process, one needs to sign up for a free account and download the required components. Once the components are installed, one can then test the functionality of the Business Network Platform. One can also try out the demo version to see how an integrated system works and what the various functionalities are.
The last use of the Business Network Platform is in providing reports. The system is very flexible and can be customized to provide comprehensive reports. The user can get a bird's eye view of the entire activity and analyze various relationships between the systems and departments within a business. The user can also see the figure of all user activity, average number of transactions per day, the average dollar value of each transaction, and the number of bounces or errors. Check out this blog to get enlightened on this topic: https://en.wikipedia.org/wiki/Business_network.