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iPaaS Guide: 5 Key iPaaS Terms You Should Know

iPaaS – Integration Platform as a Service – is a relatively new player in the technology space, aimed at helping organizations bring together disparate systems to create smoother processes and frictionless end-user experiences. For organizations and enterprise business looking to update or modernize their approach to service management, iPaaS can be a valuable tool. So why don’t more organizations know about it?

Because iPaaS technology is rather new within the tech ecosystem, there are a lot of vendors offering integration capabilities – but not all vendors have true enterprise level integration and workflow automation. To help you sift through the options, we’ve created this short glossary of terms you should know, along with an outline of benefits the right iPaaS solution can provide.

5 iPaaS Terms to Know

  1. Integration Platform as a Service: Also known as iPaaS – this is a cloud-based platform that connects different systems, technologies, applications on-premise or within the cloud. It enables companies to deploy and maintain integration flows without using middleware and specialized hardware between a company and third-party software or within an organization.
  2. No Code: A no code platform is a development platform that uses a visual development environment that allows anyone to create something. When it comes to TeamDynamix, our iPaaS solution uses a codeless visual flow builder with drag and drop functionality to create automated workflows.  
  3. Connector: In the iPaaS world, a connector is often created to popular systems (Salesforce, Active Directory, DocuSign, Workday, Office365, AWS, Azure, etc.) and offered out of the box – allowing you to integrate with the systems you know and trust. TeamDynamix also features a special Connector Concierge service that builds special connectors to systems not included in the out-of-the-box connector library.
  4. API: Defined as an application programming interface, APIs often support critical business functions and pass data between systems. While APIs are an integral part of many businesses, they also are extremely vulnerable to cyberattacks. Using iPaaS allows organizations to better manage APIs, improve API security and shore up user controls.
  5. Data Harmonization: Enterprise companies run an average of 500 different applications and APIs daily. Having data across disparate systems can result in errors, lost data and incompatibility. By using a tool like iPaaS you can pull data from all of the systems within your ecosystem and transform it so it’s uniform as it moves from system to system. But automating data harmonization you can save time and resources, and reduce errors.

Benefits of iPaaS

By implementing an iPaaS tool within your organization, you can realize the following benefits:

  1. Cost-Effective: Piecing different solutions together is not only complex but also costs businesses a fortune. Reportedly, poor integration costs large-scale businesses half a million dollars. On the other hand, iPaaS connects software and converges data into one convenient cloud-based location.
  2. Improved Communication: Businesses need to share data within their entire ecosystem to avoid any important information from being lost. iPaaS ensures that everyone has easy access to data, leaving no room for misinterpretation.
  3. Less Human Error: iPaaS allows users to access a library of pre-built connectors, reducing error that can happen when using APIs.
  4. Improved Security and Compliance: Security is easily one of the greatest concerns for a cloud-enabled solution. With the average cost of cyberattacks rising to $4.6 million per incident, a business has to be vigilant about its security more than ever. Advanced security and compliance features can be found in the TeamDynamix iPaaS solution:
    • Authentication through OpenID Connect, Active Directory, and OAuth
    • Role-Based Access Control (RBAC)
    • GDPR, HIPAA, and CCPA compliance
    • Advanced API logging capabilities
  5. Greater Efficiency: By minimizing the delays, costs, and labor associated with connecting new apps, enterprise solutions can quickly respond to changing market needs.

To learn more about iPaaS and how it can supercharge your organization check out our eBook: What is iPaaS and How Does it Accelerate Digital Transformation?

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