Data exchange is the procedure of transforming data from one app to another in order that it can be used in the new program. The aim is to ensure that this is of information is still the same.
Traditionally, firms have had to go through the trouble of finding a suitable source of data, evaluating that, negotiating a price for it, and integrating that data with their internal systems. Data exchange platforms allow companies to have the data they require directly from several suppliers while not having to go through these kinds of tedious and time-consuming processes.
Advantages of data exchange
A secure and trusted way of sharing details helps institutions meet conformity requirements, build viral2share.com/2022/01/04/document-management-and-project-management-procedures/ trust-based mechanisms and deliver accurate insights regarding customers. Additionally, it facilitates the monetization of a company’s data assets.
To exchange data electronically in Business Central, you must build a data exchange definition per table you intend to map with external information or fields. The definition includes a umschlüsselung setup that maps domains in the exterior file to people in the goal table. For example , you can use a data exchange classification to send and receive electric documents, transfer and export bank data or other external data.