Limiting expenses is a priority for every business, no matter what their size. Watching the bottom line always involves looking for the (figurative) hidden dollar here or an unnecessary cost there. But every leader knows that you can’t cut your way to success. The best way to approach financial efficiency is through the lens of optimization. And that means always searching data for opportunities.
The benefits of data integration on the bottom line are numerous and far-reaching. But none are more important than making trusted data readily available and structured for analysis. If you can identify trends and areas to make the business more efficient, it leads to a healthier business.
Today, integration platform as a service (iPaaS) is the tool that best unlocks these cost savings. It’s why so many of the world’s most innovative companies use platforms like Boomi AtomSphere to create a fabric of connectivity for all of their systems, applications, and people.
According to a Boomi-commissioned total economic impact study conducted by Forrester Research, customers have realized $4.8 million in net present value payback through the Boomi AtomSphere Platform. Other findings included: $1.1 million in legacy software savings, $1.5 million in infrastructure savings, $390,000 in IT productivity savings, and perhaps most important, $3.4 million in new revenue generated through data-driven decision-making.
The firm determined that data integration benefits add up to a return on investment of 307 percent for Boomi customers. Here’s a look at how it happens.
It’s no secret that legacy software is expensive. Historically, these systems have provided critical operational needs for organizations. But the world has changed. Legacy software has trouble keeping up with the pace of modern business, and often leads to data silos. Custom integrations to connect systems are costly, time-consuming, and put a strain on IT resources. Companies often need to cobble together cumbersome workarounds to integrate with legacy products – adding expense and wasting time.
Simply put: Legacy products work – until they don’t.
Universidad Minuto de Dios (UNIMINUTO) used Boomi’s iPaaS to decouple itself from an expensive, antiquated enterprise service bus (ESB) and de-silo data across 68 connected campuses in Colombia serving more than 100,000 students. Replacing legacy software with 47 points of Boomi integration across 12 cloud and on-premises applications, UNIMINUTO cut the cost of integration by 66 percent.
A lower total cost of ownership isn’t the only contributing factor to legacy savings. UNIMINUTO also doubled the efficiency of university data operations, saving untold costs in labor when aggregating and processing data. Transaction processing times were 50 percent faster with Boomi. That resulted in more bottom-line savings through business agility – all by moving away from ineffective legacy software.
UNIMINUTO is only one example of how iPaaS is displacing legacy systems. As data integration benefits become more tangible to organizations, inflexible legacy systems begin to generate costs that lessen their ROI – or eliminate it. Developing in a flexible iPaaS environment returns these cost savings and unlocks even greater efficiencies through data integrations.
A reliable digital infrastructure is paramount for realizing the benefits of data integration. Companies need data collection and storage points and the means to aggregate it all for analysis. Everything needs to work together to deliver the structured data that results in actionable insights. That’s only possible with a strong digital infrastructure.
Kelly-Moore Paints offers a prime example of how an iPaaS can generate maximum cost savings thanks to a smarter, more connected infrastructure strategy. The company sought to integrate nearly 40 business processes with core applications and replace 15 legacy integrations with more robust alternatives. Using the Boomi AtomSphere Platform, Kelly-Moore optimized its data aggregation and connected digital processes into a cohesive infrastructure. Boomi simplified integration with third-party logistics, supply chain, and customer payment applications, while extending and automated business processes.
The result was tremendous bottom-line cost-savings for Kelly-Moore Paints. The Boomi AtomSphere Platform reduced the need for outside consulting and integration resources – without increasing the burden on the internal IT team. The business reported increased capabilities from a leaner IT department, and even expanded the range of internal high-value integration projects.
Smarter infrastructure, thanks to data integration, makes work simpler. Through streamlined workflows and more concise data sharing, companies can work better and faster, more affordably.
IT is one of the largest cost centers for enterprise companies. So, maximizing IT talent is paramount. The bottom-line focus is always on improving productivity within the department.
IT productivity entails reducing staff workload in ways that don’t incur additional costs. For many enterprises, this starts with the elimination and re-tooling of cumbersome processes and antiquated workflows. Few examples illustrate this better than ENGIE’s experience with Boomi’s iPaaS.
ENGIE, one of the world’s three largest energy groups, used the Boomi AtomSphere Platform to completely rethink its systems and processes. The company’s goal was to improve the speed and efficiency of integration projects and improve data visibility across the organization without dramatically increasing IT burden. The Boomi iPaaS reduced costs by 90 percent. How? By unburdening IT staff, replacing point-to-point integrations, and expanding data availability across the business.
Instead of dedicating IT resources to fixing and circumventing antiquated point-to-point integrations, ENGIE was able to integrate more than 250 processes into a Boomi iPaaS environment – which today handles 75,000 data transactions and more than 2 million documents daily. The manual effort? Nominal. The cost savings? Phenomenal.
The flexibility, agility, and automation of an iPaaS lessens the demand for IT oversight, improving productivity among IT staff, and freeing up the team for more meaningful projects. It all flows back to the bottom line for ENGIE and other organizations capitalizing on iPaaS to lighten the load on internal IT teams.
The benefits of data integration aren’t lost when it comes to new revenue opportunities. Actionable insights are the key to driving sales, increasing revenues, and exploring new earning opportunities. While iPaaS offers broad bottom-line growth opportunities, it’s worth mentioning how quality data integration through Boomi similarly impacts top-line growth.
Consider Sprinklr, the leading social media management software vendor. Valued at $1.8 billion, Sprinklr is among the world’s top private cloud companies. It relies on Boomi’s low-code solutions to make data more visible and available to drive growth.
Using the Boomi AtomSphere Platform, the company connected NetSuite and Salesforce for order-to-cash automation and doubled the speed of integration developments. Sprinklr also connected more than 25 social media tools to streamline client campaign management with minimal effort on the part of its employees. Instead, they can focus on higher-value tasks supporting business growth. The entire ecosystem now supports a results-driven approach, feeding into sales-centric solutions.
The days of chopping away bottom-line costs and expenses are coming to an end. Companies today run leaner than ever, which means classic bottom-line cutting strategies don’t achieve what they once did. Today, optimization is the key to cost savings. And that’s made possible by the tremendous bottom-line benefits of data integration.
Boomi’s iPaaS solves long-standing challenges around data sharing to make critical information more readily accessible to business users searching for needed insights. The cost savings are evident in the case studies we referenced, plus dozens more.
To see how your business and its bottom line can benefit from data integration with the Boomi AtomSphere Platform, watch this Boomi demo.