Business Integration

Enterprise Application Integration (EAI)
Enterprise Application Integration (EAI) is the process of enabling different business software applications to work together, ensuring smooth interoperability and enhancing system compatibility across an enterprise's IT infrastructure.
Integration
Integration refers to the process of combining different parts into a whole, whether it involves uniting various racial groups in society or merging distinct business functions to enhance productivity. This term is extensively used across multiple domains such as social sciences, business, technology, and engineering.
Synergy in Accounting and Business
Synergy describes the added value created by merging two separate firms, leading to a greater return than the sum of their individual contributions. This enhanced return is typically anticipated during merger or takeover activities.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.