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Today’s global organizations are dependent on technology to withstand the aggressively competitive world. The technological innovation and advent of cloud computing have facilitated these organizations to handle their business process with much ease through a digital method. With the business tied through a global network of partnerships and branch locations, it is all the more necessary to ensure an effective collaboration in the value network.

The use of cloud process has made it feasible for the organizations to automate, optimize, and control their multienterprise business operation. Being highly flexible, the cloud process allows the organizations to efficiently adapt the business processes to the ever changing and complex global environment. The interdependency in the value network is very critical for the organization’s success. The conventional methods lack the end-to-end control and visibility, which makes it difficult to effectively manage the complex value networks. Further this also effects the organizations sustainability in the aggressively competitive market by increasing the lead-time to implement process changes, increasing overhead cost and inefficiencies.

Integration of the members of the value networks in a multienterprise business process is very vital. The cloud processes shoulders this responsibility of integration and besides making the essential business information available across the value network, it also provides for end-to-end transparency and control. The automated cloud processes besides working 24/7 is more accurate and fast thus taking productivity to newer heights. The cloud process being used in domains such as financial transactions has given rise to the electronic payment process. Further the presence of cloud in domains such as procurement, travel and expense management, order fulfillment, after sales have not only given an end-to end visibility but have also made real-time information available and have facilitated digital management of the organization.

With markets being increasing volatile and complex, and the growth of technological innovation rapidly changing the collaboration pattern in the value network, it becomes essential to make the best use of the cloud-based technology. The success of every organization in this digitally managed cloud driven era depends on its business process, integration, collaboration, quality and services. By leveraging the benefit of customized cloud processes organizations are able to manage the key success factors and create agile business process to withstand the complexity of the globalized markets.

Also read on – Supply chain management solutions, Value network