Crossing-Tech draws on expertise in finance, real estate, IT and other industries to support the interconnection of diverse systems. Either independently or in cooperation with partners, Crossing-Tech optimizes integration while leaving business processes intact.
The idea that business processes should be defined by logic and not technology sounds almost old-fashioned by modern standards. Unfortunately, more often than not, it is technology that ends up taking the driver’s seat. Hoping to change this, Crossing-Tech developed Connectivity Factory™, a middleware tool that aims to provide interoperability between financial and back office applications, proprietary and legacy systems, transaction protocols, and web services. “When you move data from your ERP to your CRM, it shouldn’t matter if this is Salesforce or Sugar, even if you just switched out the system,” says James Nauffray, founder and CEO of Crossing-Tech.
Industry specific expertise is key. “We focus on companies in the financial services, real estate, and software sectors. This enables us to quickly deliver value to our clients,” says Nauffray. But Crossing-Tech can also work when business expertise has been outsourced. A good example is its partnership with Multifonds, an independent ISV that specializes in software for fund accounting, portfolio accounting, and investor services.
Connectivity Factory™ is integrated into the Multifonds offering as a white-label service. When Multifonds acquires a new customer, they run them through a specific set of questions. The result is a map of all the relevant systems, processes and flows of information necessary to ensure everything cooperates. This is then transcribed into Connectivity Factory™ in the form of rules.
The integration itself consists of dividing up the customer’s systems into standard and non-standard APIs, followed by customization for the latter. Previously, customization took up about 80 percent of the time. This is now significantly reduced, thus allowing software vendors such as Multifonds to acquire more customers every year because its resources go further. It also increased confidence when planning. “It used to be hard to predict the time required for a new integration. In the case of Multifonds, which is active on several continents, their clients use very different technologies with IT organizations of varying maturity. With our solution, Connectivity Factory™, this no longer matters,” says Nauffray. Another perk of this is that clients are not required to buy additional third-party licenses in order to connect their systems with the Multifonds offering.
Crossing-Tech is more than just a white-label provider. The company focuses on forming long-term, symbiotic partnerships with solution vendors. In cases like this, Crossing-Tech earns its money through a shared-revenue model.
Projects must be executed well and on schedule for Crossing-Tech to earn its cut.
The idea behind Connectivity Factory™ goes beyond just a platform to support standard integrations. “We call it maximum agility – not touching any processes at all. Operational agility is a fundamental requirement nowadays. Our clients need to adapt quickly and embrace digital transformation, while simultaneously continuing to utilizing the full capacity of their existing systems,” says Nauffray.