WHAT is 'Enterprise Application Integration'

Enterprise application integration is the translation of data and other commands from one application format into another.

BREAKING DOWN 'Enterprise Application Integration'

Enterprise application integration is an ongoing process between two incompatible systems, which can involve hardware components, software applications, or a combination of both. This integration can allow for differing financial applications to interface effectively and process data or transactions.

Also known as enterprise app integration, this refers to the process of syncing or aligning the various systems and databases used within a company, network or industry.

Typically, there are a variety of technologies, tools and services involved in this process. The difficulty of this process can vary depending on an assortment of factors, including the number of systems involved, their size and level of sophistication, and how compatible they are with each other. The systems involved may speak completely different computer languages or have vastly different architectural frameworks. Older, outdated systems or those that are highly customized will likely present more of a challenge.

Value of Enterprise Application Integration

Enterprise application integration is important because it allows the various departments or components of a company or network to share information, exchange date and coordinate resources. This allows for more efficient operations and collaboration, and save a lot of time and effort by all of the personnel involved. This also ensures that everyone is operating in a consistent and up-to-date manner, and that all parties have access to the same information, which ideally is current and frequently updated.

In the past, enterprise application integration used to be a much more tedious process that had to be performed manually by programmers. Today this is usually done with specialized programs or other interface products. This type of program now usually employs the internet as the avenue for interface, employing a cloud computing approach. Some newer systems are designed with compatibility in mind, so they can easily interface and sync with certain other systems.

However, many companies are using at least some older legacy systems, where the components may be outdated and may not even still be supported by the original manufacturer. This can add some complications to the process, and will likely make things more time-consuming as they will likely require more hands-on work by specialized professionals.

In a financial context, fast access to accurate and update information can be critical in allowing investors and analysts to make educated, well-informed decisions. This also allows investors and traders to research needed data and initiate transactions quickly.

  1. Regulation B

    Regulation B is a regulation intended to prevent applicants from ...
  2. Backward Integration

    Backward integration is a type of vertical integration that includes ...
  3. Credit Application

    A credit application is a request for an extension of credit. ...
  4. Loan Application Fee

    A loan application fee is a fee charged to a potential borrower ...
  5. Optimization

    Optimization, in the context of technical analysis, is the process ...
  6. Accounting Information System - ...

    An accounting information system is the collection, storage and ...
Related Articles
  1. Retirement

    10 Best Smartphone Apps For Seniors

    Whether it's for health, news or personal finance, these apps can be useful for seniors. Best of all, they are free.
  2. Investing

    3 Reasons Enterprise Products Stock Could Rise (EPD)

    So far, 2015 has not been kind to shares of Enterprise Products Partners (NYSE: EPD). While the midstream energy specialist has routinely beaten the S&P 500 on a total return basis, its negative ...
  3. Personal Finance

    Mortgage Applications Decline Amid Lack of Available Properties

    Mortage applications declined for the week ending July 13 amid a lack of affordable properties.
  4. Financial Advisor

    Asset Manager Ethics: Rules Governing Capital Markets

    The integrity of the capital markets needs to be kept at utmost importance for all investors. This article shows how to maintain the integrity while investing.
  5. Investing

    Enterprise Stock Dip No Cause for Alarm (EPD)

    Enterprise Products stock dipped 1.5% after it reported 3Q earnings of 32 cents a share. How should investors interpret that?
  6. Investing

    HP Enterprise Shares Hit Hard After Poor Quarter

    After HP Enterprise (NYSE: HPE) reported a 10% drop in sales in fiscal 2017's first quarter, and a year-over-year decline in revenue of more than $1.3 billion to just $11.4 billion, it appears ...
  7. Tech

    Introduction To Accounting Information Systems

    Learn what an accounting information system is and the six main parts of this indispensable business asset for managing a company's financial data.
  1. What is the difference between horizontal integration and vertical integration?

    Horizontal integration refers to acquiring a company in the same industry; vertical integration refers to a company acquisition ... Read Answer >>
  2. What is the difference between enterprise value and equity value?

    Valuating a business accurately depends heavily on the purpose of the valuation. Learn how enterprise value and equity value ... Read Answer >>
  3. Enterprise value versus market capitalization

    Learn the difference between market capitalization and enterprise value, and understand how these two common valuation tools ... Read Answer >>
  4. When is outsourcing preferable to vertical integration?

    Deciding between outsourcing and vertical integration can be challenging. Understand the benefits of each to make the most ... Read Answer >>
  5. When does vertical integration reduce transaction costs?

    Trading is not only based on supply and demand, but also negotiations between companies. Vertical integration can eliminate ... Read Answer >>
  6. Can Foreigners Open Savings Accounts in the US?

    Find out what it takes for a foreign individual to open a savings accounts in the US especially in the age of heightened ... Read Answer >>
Trading Center