Breaking data siloes to strengthen supply chain resilience

Having a resilient supply chain is crucial for success. As a result, businesses need to be nimble and ready to adapt quickly to changes and disruptions to keep things running smoothly. One way to make supply chains stronger is by breaking down data siloes and ensuring there is one single source of truth for data. Because when information flows freely, businesses can respond better to challenges and opportunities, making the supply chain more efficient and adaptable.

Data siloes happen when information is stuck in different departments or systems, making it hard to see the whole supply chain. These siloes can cause inefficiencies, miscommunications, and delays, weakening the supply chain’s ability to handle disruptions. Across Business-to-Business (B2B) trade, data siloes continue to be problematic. Globally, 75 per cent of businesses reported that data fragmentation hinders their ability to process invoices and payments efficiently.

In this article, we explore how breaking down these siloes is essential for creating a resilient supply chain. By using integrated systems, encouraging data sharing, and leveraging advanced technologies, businesses can better handle disruptions. Keep reading to learn more.

Why accurate data sharing is critical for business

Sharing real-time data between trading partners is crucial for modern supply chain management, especially when handling invoices and payments. Using an integrated third-party system, like Spenda, delivers smooth, real-time data exchange that ensures everyone has access to the same important transaction information. This seamless flow of data helps different departments, suppliers, and partners work together better. Without information silos collaboration and decision-making is easier and more effective. When data is shared seamlessly and accurately, businesses can:


• Speed up invoice reconciliation: Real-time data sharing helps finance teams reconcile invoices faster, reducing the time spent on manual checks and corrections.
• Enhance transaction visibility: When all trading partners use the same data source, they get real-time access to financial transactions, helping them track and manage cash flow better.
• Reduce disruptions: Reliable payment processes help maintain strong relationships with suppliers and partners, delivering a steady flow of goods and services.

• Improve cash flow: Accurate and timely invoicing leads to quicker payments, which in turn improves cash flow and long-term financial stability.

Using APIs and integration tools for better connectivity

When it comes to real-time data, APIs and integration tools are key for smooth data sharing between different systems. APIs automate data transfers, cutting down on manual work and reducing errors which makes data handling more efficient and accurate. On the other hand, integration tools help different systems work together seamlessly, making collaboration across the supply chain easier and more effective.

By using APIs and integration tools, businesses can streamline operations, improve data accuracy, and strengthen collaboration with supply chain partners – a crucial component for a strong and responsive supply chain.

Build a stronger supply chain with Spenda


Having a resilient supply chain isn’t just an advantage – it’s essential. And breaking down data silos is key to building this resilience.

Spenda enables businesses to eliminate redundant data entry and automate information exchange. This saves time and drives efficiencies and insights through reliable data. We serve as both a software solutions provider and a payment processor. We deliver the essential infrastructure to streamline business processes before, during and after the payment event.

This article is for general information purposes only. Consult a qualified financial advisor regarding any changes to or decisions about your business’s finances.