Boomi World 2024 | Matt McLarty | Boomi & Badi Azad | Stripe

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Matt McLarty

CTO

Boomi

Badi Azad

Lead Product Manager

Stripe

How Stripe Connectors and Boomi are transforming connectivity for modern enterprises

With everything becoming interconnected, integration platform as a service comes in handy based on the need for a connected environment, and this is where Stripe Connectors come into play. To help organizations seamlessly orchestrate payments and move money globally by removing the complexity that can come with connecting multiple systems, Stripe Connectors developed by Boomi LP are changing the game, according to Badi Azad (pictured, left), lead product manager at Stripe Inc

play_circle_outline Exploring the Remarkable Boomi and Stripe Partnership: A Game-Changer in the Integration Landscape

play_circle_outline The Remarkable Scale Impact of Collaborative Work and the Vital Role of Integration Recipes and Templates

play_circle_outline The Advantages of Stripe's Unparalleled API Performance for Boomi's Agility and Robustness

play_circle_outline Creating opportunities for developers to build on top of Stripe and Boomi's partnership

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Matt McLarty | Boomi & Badi Azad | Stripe

Matt McLarty

CTO Boomi

Badi Azad

Lead Product Manager Stripe

search

>> Welcome back everyone to theCube's live coverage here in Denver at Boomi World. I'm John Furrier, host of theCube. We've got a great segment here. Matt is back, CTO, VP of product at Boomi, and Badhi, the integration lead product manager at Stripe, the leading company on payments. Guys, Matt, thanks for coming back. Great to see you. Thanks for coming on theCube.

>> Thanks so much for having us.

>> So first of all, I just want to say we're a small customer of Stripe. We love the products, like everybody else, but your success on the product side has been awesome and congratulations. We know Mike Clayville over there. Shout out to Mike.

Matt Cain

>> Yep.

>> A former friend of theCube and CUBE alumni. So you guys got a little action going on. Matt, great to see you. Author of the upcoming book, Unbundling the Enterprise.

Matt Cain

>> That's right. Can't plug it enough, right?

>> Yeah. Once we point out there's a book involved, theCube, we plug the hell out of it. So you guys got a deal going on. Obviously integration iPaaS is becoming, at least on my opinion, the internet, because everything has to be integrated, it's connective environment, the API deals that they did on the M&A side, you start to see the internet connective tissue is all going to be API based. All cloud, on-prem, cloud operations. What's your relationship? Talk about your deal.

Matt Cain

>> I think that the aspect of this announcement that's so exciting is that Stripe and Boomi are partnering together to unlock all the financial integrations that are needed by our customers, in terms of orchestrating global payments or even doing revenue and finance automation now, it's all possible based off of these new recipes, these new connectors of Stripe on the Boomi platform. Super excited about this.

Matt Cain

>> Yeah, it's been a great journey in terms of just great collaboration. We're very excited. Stripe is such a leader. Interestingly, not entirely related to this, but we were making all these announcements on APIs. If you look at API companies in the marketplace, Stripe is like the ultimate API company when it comes to the best-in-class around documentation and robustness of the API. So that's great. But I think for our joint customers, and I think what's really great is that just the capabilities that we're unlocking now to just ... As you said, everything's more interconnected. Our customers, more and more as we're going into customers, we connect to the proprietary systems, we connect to packaged applications, and as Stripe becomes ubiquitous, they're running into all these integration needs. So it's a really great collaboration.

>> You guys both, as companies have, achieved scale. And the internet and using cloud and APIs. Sure, yeah, you can integrate real easily. Hey, it's easy to add Stripe to a small company like theCUBE for our payments. Okay. We add it in, it's all plugged in, we're in the cloud. Great. Now when you start to scale, you guys have achieved scale, you guys are running IPaaS, which is essentially now a modern enterprise platform at scale, both horizontally and vertically to the application, scale's a big deal. Can you guys talk about what that means for the customer? Because okay, I got Stripe embedded. Now you're basically running a payment ... So you've got orchestration, you got policy, all kinds of essentially global challenges because it is a global in nature. Talk about the scale impact of working together and how just connecting things is one thing, but scaling it is another. What's your opinion on this?

Matt Cain

>> I think there's a few dimensions of scale. I think when people hear scale, first off, the first thing they might think of is runtime scale and elastic scalability and all that. For a lot of enterprises, that's not the first dimension of scalability. The scalability comes around just making changes into how do you deploy things, how do you run things in parallel? And I think from our collaboration, what's been great is you could say, "Oh, Matt, you just said Stripe's got a fantastic API. Can't anybody connect to it?" Well, yeah. But what we've been able to do is connect our business domain knowledge and really look at the use cases to the point about scalability, where highest yield, highest commonality. So it's not just about the technology collaboration, it's around the business collaboration too, and identifying those use cases. But then again, of course, notwithstanding the fact that the scalability is there from a runtime perspective. And one more thing there, I think really in terms of the harmony of the relationship is Stripe not only has the API, but you have native connectors to systems for high value. I think where Boomi comes in a big way is around that long tail of all the other stuff, which is another scaling dimension, just the number of different systems that people connect to.

>> I think that's the angle that I was going to think about. Initially when I think about scale, I'm really thinking about all of the diverse systems that Stripe natively does not integrate into, and that puts a burden on our joint customers. And so this partnership with Boomi, what it really allows us to do is scale all the systems that now can interoperate and connect to Stripe. That's the part that's exciting about this.

>> Well, it's integration, classic IPaaS. IPaaS is becoming everything needs to be integrated. But what's interesting is that if you look at what they're saying here in the market in general, gen AI needs data. You guys are a data connector. Money as data, data payments, information, now the systems have data. So having data interact with each other is becoming a new phenomenon.

>> That's right.

>> Data used to be slower. It's faster now. It has an element of, I won't say chemistry to it, but if I got data coming in from say, a NetSuite and I want to connect it into some Stripe data, making that work fast.

>> That's right.

>> You're smirking over there. -

Matt Cain

>> It's in the book. It's in the book. Data as currency and the value of data and the economics of data. I think it's a really interesting dynamic around the digital economy, is if you look at the biggest companies ... and Stripe is a great example of this, of the companies that have really thrived in the economy, they recognize that, "Hey, money's important for sure, but data is really important." And I would even argue that we call these companies big tech, but they're actually more data companies than anything. How is Facebook and Google and monetized? It's all about the data. So I think that the whole data ecosystem, the whole integration ecosystem, companies that really understand that, how to use the data effectively, how to exchange data, how to value data, are leading companies, and where is the medium for movement of data? It's through the integration.

>> It really drives the business model of a company. How they handle their data will ultimately define how they organize and how their systems are built. And you guys bring that out loud and clear here. And also we were hearing about agents, connectors. You did mention connectors. In the old school days of connectors, we were riffing on this yesterday, and Steve Lucas actually joked on stage yesterday was saying, "Oh yeah, just automate your marketing automation system or replace it." Now, he came from Marketo. He didn't actually say Marketo, but I did. I got the inside joke there. But he was like, "I'm only kidding." But he was kind of serious. Connectors are old. And so when you start getting into the ability to manage them in a way with integrated knowledge, that becomes a powerful automation opportunity. Can you share your vision on that? Because I know you guys are probably talking about that. You guys are certainly on stage saying, "Hey, if you got connectors, just build an agent for that."

>> That's right. That's right. Well, I think two points. To your earlier comment, Stripe views itself as this financial source of truth, because of all the different products and customer information that's there. And so the question is really how to unlock that. Now when you layer AI on top of that, there's a lot of power in terms of agents being able to go in there and analyze the data to have better outcomes. So I think about some of our fraud detection products that are out there and how agents are able to then leverage and understand different types of situations and scenarios to highlight potential fraud detection issues. This is our Sigma product. And we were just talking together about what that might look like to expose those agents and surface them inside of a workflow automation tool, how powerful that could look like. So definitely the talk is there.

>> Oh, go ahead.

Matt Cain

>> I just wanted one comment on that. What's interesting to me is when we even started the partnership ... And first of all, a connector may be old, but it is table stakes. One of the big things we're doing is we're putting out the branded connector for Stripe in our connector library because it's just a building block. But right away we were looking at what are the use cases, high value. And we even had ... I know internally and maybe in some of our partner discussions, we were thinking, "Beyond the connector, there's a bunch of stuff, the business functionality, the common tasks that you're going to want to do in conjunction with the connector." Which is why we're also launching not just the connector, but these recipes and templates for integration. And we were thinking breaking those apart into ... Because they're specific to Stripe, it's like a one-sided recipe, and it really becomes the genesis for a potential agent down the road because as Badhi said, these functions that Stripe already packaged through the API, when you plug it into a framework where you've got the data and you've got the application-

>> You mentioned recipes. I want to get to that because I want to get into specifics, but before we get into the partnership relationship you guys have, how long have you guys been partnering? When did it start? And obviously some fruit's coming off that tree now. You got marketplace activity on Stripe. Explain the partnership.

Matt Cain

>> August 4th.

>> 2010?

Matt Cain

>> No, it's been quite a recent-

>> This year?

Matt Cain

>> Yeah, 2023, so we're not in the future yet. But yeah, it's less than a year that we've had this collaboration. We have over 100 common customers, and we have integration cases where we've integrated Stripe. We had some recipes. We also have, I'm sure cases where Stripe customers are using Boomi. But this collaboration in earnest is only less than a year old, and we're already this far down the path. So we're very excited-

>> That's actually one of the benefits we've been hearing from you guys and your customers here is that the agility with Boomi being cloud-based gives you agility on product development or solution development. Whatever you want to call it.

Matt Cain

>> Our agility, and also the robustness of Stripe's maturity in the API space is a huge one. This is not chiseling through the concrete to find the data.

>> What about Stripe was good that you guys loved about it? What was good? Because I see your point. They could get with multiple systems with Boomi, they got access to more aperture for Stripe on the integration. What's the benefit of Stripe for Boomi?

Matt Cain

>> Just as I said, world-class API capability, just the robustness of the functionality in there. Not only in what is apparent when you go through the Stripe documentation work with it, but just the experience of supporting developers. Catering to the developer experience is something that Stripe is in the top 99th percentile of doing.

>> So they solve their own problem internally, which is take the developer integration, make it easy, check. Been there from day one.

Matt Cain

>> That's right.

>> And then turn it into a global payment processing platform at scale.

>> That's right.

>> That is ultimately where you guys are at right now.

>> That's right. And I think it enables Boomi now to offer finance automation as part of their suite. That's a huge bit when you think across global types of integration opportunities there.

>> So you've classified it as a strong partnership opportunity from Stripe.

>> Absolutely.

>> Yeah, you get access to more integration systems, and you guys get the leader in cloud-based-

Matt Cain

>> APIs.

>> large-scale money.

Matt Cain

>> Well, and I didn't mention world-class integration knowledge within the team. Badhi and his team have a great background there. Their business is integration within Stripe.

>> Well, it's a classic decoupling or unbundling the enterprise, if you will. Because if you think about what you have to solve for, you optimize around global footprint, you have all kinds of things you've got to worry about.

Matt Cain

>> That's right.

>> And that are really unique to Stripe. You get that benefit. So that's decoupled from you. You just call on them. They call on you.

Matt Cain

>> And it is a new space for us. And I think that one of the big things coming out of the announcements that we made yesterday, and we'll expand upon this afternoon in the product keynote, is just we're going to be more and more collaborative in the digital economy. That's one thing. The specialization of capabilities that companies like Stripe can do in their business domains and the ability to then connect everything, and the fact that not every company's going to want to go and build it themselves. It just makes sense to do best of breed. We have the capability to do that. So more and more collaboration is going to be the name of the game.

>> And with generative AI thing coming out, which gets everyone more hype around the generative side of the business, which is really just a great new category of runtime new things. So you got to be real-time.

Matt Cain

>> That's right.

>> Check. You guys done that. You got to integrate multiple systems. This trusted data management layer is a huge deal, and it's a hard nut to crack in the enterprise. If you're trying to be a horizontally scalable data layer that's trusted, that's real-time and doing mission-critical applications, show me someone doing that. That's very hard to do. It's extremely difficult,

Matt Cain

>> And that's why we started with these enterprise grade systems to build out those recipes. This idea around NetSuite and Stripe in terms of invoice synchronization or link payments is a huge win for the joint customers that we have.

>> Give me an example of some of these recipes, and tell me what would have to happen if those recipes weren't in place. If I didn't have a recipe, what does my work look like? Take us through some of the recipes.

>> So let's just think about NetSuite as your ERP. In terms of thinking about invoice generation, sending out invoices to customers to go off and pay those things, this is now automatable through a Boomi workflow. Then you can also generate a payment link that allows customers to dynamically select from over 45 different payment options. It securely stores their payment information so that the next time that they use Link, it's all filled in for them. So it's a win from an onboarding and usage standpoint, but it's a massive win for the customers on the end of the spectrum that are actually interacting with these systems or paying their invoices.

>> And their alternative for not having a recipe is what?

>> I think at that point-

>> Custom code?

>> Custom code. You go in and you use the Stripe APIs, and you try to work your way through NetSuite or through Salesforce and build out these types of integrations.

>> And the developer quits, "Hey, who wrote this code?" This is -

Matt Cain

>> The developer has to become the business domain expert. That's never what you want, but yeah.

>> Explain, this is a huge value. Think about just the alternative, not having this.

Matt Cain

>> Yeah. I think with Boomi, our whole ethos has always been to lower the barrier of entry for all different types of personas. So we have a lot of technical users, but with a low-code approach, it just opens the possibility for more people to be involved, and actually business domain experts. You can't have your developer be a domain expert on everything. So, yeah.

>> Well, Matt, Badhi, congratulations on the great partnership, and we'll want to hear more. Final question. Next year when we're here, what do you guys hope to accomplish from the partnership? Is there anything on the roadmap you guys want to check off? Obviously moving pretty fast now. Less than a year, you got recipes in the Stripe marketplace, so your customers are benefiting. You're getting access to now a modern enterprise platform. I wouldn't even call it an IPaaS anymore, because what does that even mean, integrating platform as of service? It's essentially a platform for essentially the future-

Matt Cain

>> The platform.

>> Yeah.

Matt Cain

>> Hey, I would love it if we're sitting here talking about some Stripe agents that are capable of doing some of these functions that Badhi was talking about, and fraud detection and tax and all these things. But undoubtedly, we're going to be building out ... We have more and more. We have a whole roadmap of recipes and functionality we can build today.

Matt Cain

>> That's what I was going to say as well. I think proliferating those recipes and exposing more and more of the Stripe endpoints and products that are there, that's going to be incredibly exciting for the customers that use it.

>> Well, we'll document it. I got one final, final question since you just made me think of another one. From an end user or ecosystem perspective, you guys are creating opportunities for other people to join in and build products on top of you guys. So this whole other cloud layer. So if there's creative developers out there that might want to pick a little niche and make something really powerful, what areas would you see developers or someone creative, entrepreneurial, whether it's inside the company, or maybe externally, how would they leverage the partnership of Stripe and Boomi? What could I build? What should I build? What's the demand?

Matt Cain

>> You're killing our startup idea. Hey, I think maybe data economics, the application is something we could do. I don't know.

>> Valuation calculator?

Matt Cain

>> Yeah. I think what our role is, maybe less about predicting and more about creating the options that allow the smart people out there who come up with those ideas that we would never think of. But I think the more optionality that we have, the more that we're just building the rails. I think someone else will build the train.

>> Yeah.

>> I agreed with that. I think that there's huge opportunity in the ERP, in the tax area and the CRM area. There's just so much that they can build out there. Our job is just to really expose those endpoints and make sure that the capabilities are there, and then turn it over to the community.

>> Yeah, one thing I know as just an observer of the Boomi and just the dynamic of relationships like you guys, is that in this world where there's manual process, that's the easy area to go to right away.

>> Absolutely.

>> Tax and all this grunt work or grind, that is an opportunity. So again, great time. Gentleman, thanks for coming on the CUBE group.

>> Thank you so much.

>> Great to see you again. Thanks for coming on. You're now CUBE alumni.

>> Love it. All right.

Matt Cain

>> Thanks so much.

>> Thanks.

>> All right, we'll be right back with more. I'm John Furrier, host of theCUBE. Boomi World day three. We'll be right back after this short break.

Matt McLarty | Boomi & Badi Azad | Stripe

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>> Welcome back everyone to theCube's live coverage here in Denver at Boomi World. I'm John Furrier, host of theCube. We've got a great segment here. Matt is back, CTO, VP of product at Boomi, and Badhi, the integration lead product manager at Stripe, the leading company on payments. Guys, Matt, thanks for coming back. Great to see you. Thanks for coming on theCube.

>> Thanks so much for having us.

>> So first of all, I just want to say we're a small customer of Stripe. We love the products, like everybody else, but your success on the product side has been awesome and congratulations. We know Mike Clayville over there. Shout out to Mike.

Matt Cain

>> Yep.

>> A former friend of theCube and CUBE alumni. So you guys got a little action going on. Matt, great to see you. Author of the upcoming book, Unbundling the Enterprise.

Matt Cain

>> That's right. Can't plug it enough, right?

>> Yeah. Once we point out there's a book involved, theCube, we plug the hell out of it. So you guys got a deal going on. Obviously integration iPaaS is becoming, at least on my opinion, the internet, because everything has to be integrated, it's connective environment, the API deals that they did on the M&A side, you start to see the internet connective tissue is all going to be API based. All cloud, on-prem, cloud operations. What's your relationship? Talk about your deal.

Matt Cain

>> I think that the aspect of this announcement that's so exciting is that Stripe and Boomi are partnering together to unlock all the financial integrations that are needed by our customers, in terms of orchestrating global payments or even doing revenue and finance automation now, it's all possible based off of these new recipes, these new connectors of Stripe on the Boomi platform. Super excited about this.

Matt Cain

>> Yeah, it's been a great journey in terms of just great collaboration. We're very excited. Stripe is such a leader. Interestingly, not entirely related to this, but we were making all these announcements on APIs. If you look at API companies in the marketplace, Stripe is like the ultimate API company when it comes to the best-in-class around documentation and robustness of the API. So that's great. But I think for our joint customers, and I think what's really great is that just the capabilities that we're unlocking now to just ... As you said, everything's more interconnected. Our customers, more and more as we're going into customers, we connect to the proprietary systems, we connect to packaged applications, and as Stripe becomes ubiquitous, they're running into all these integration needs. So it's a really great collaboration.

>> You guys both, as companies have, achieved scale. And the internet and using cloud and APIs. Sure, yeah, you can integrate real easily. Hey, it's easy to add Stripe to a small company like theCUBE for our payments. Okay. We add it in, it's all plugged in, we're in the cloud. Great. Now when you start to scale, you guys have achieved scale, you guys are running IPaaS, which is essentially now a modern enterprise platform at scale, both horizontally and vertically to the application, scale's a big deal. Can you guys talk about what that means for the customer? Because okay, I got Stripe embedded. Now you're basically running a payment ... So you've got orchestration, you got policy, all kinds of essentially global challenges because it is a global in nature. Talk about the scale impact of working together and how just connecting things is one thing, but scaling it is another. What's your opinion on this?

Matt Cain

>> I think there's a few dimensions of scale. I think when people hear scale, first off, the first thing they might think of is runtime scale and elastic scalability and all that. For a lot of enterprises, that's not the first dimension of scalability. The scalability comes around just making changes into how do you deploy things, how do you run things in parallel? And I think from our collaboration, what's been great is you could say, "Oh, Matt, you just said Stripe's got a fantastic API. Can't anybody connect to it?" Well, yeah. But what we've been able to do is connect our business domain knowledge and really look at the use cases to the point about scalability, where highest yield, highest commonality. So it's not just about the technology collaboration, it's around the business collaboration too, and identifying those use cases. But then again, of course, notwithstanding the fact that the scalability is there from a runtime perspective. And one more thing there, I think really in terms of the harmony of the relationship is Stripe not only has the API, but you have native connectors to systems for high value. I think where Boomi comes in a big way is around that long tail of all the other stuff, which is another scaling dimension, just the number of different systems that people connect to.

>> I think that's the angle that I was going to think about. Initially when I think about scale, I'm really thinking about all of the diverse systems that Stripe natively does not integrate into, and that puts a burden on our joint customers. And so this partnership with Boomi, what it really allows us to do is scale all the systems that now can interoperate and connect to Stripe. That's the part that's exciting about this.

>> Well, it's integration, classic IPaaS. IPaaS is becoming everything needs to be integrated. But what's interesting is that if you look at what they're saying here in the market in general, gen AI needs data. You guys are a data connector. Money as data, data payments, information, now the systems have data. So having data interact with each other is becoming a new phenomenon.

>> That's right.

>> Data used to be slower. It's faster now. It has an element of, I won't say chemistry to it, but if I got data coming in from say, a NetSuite and I want to connect it into some Stripe data, making that work fast.

>> That's right.

>> You're smirking over there. -

Matt Cain

>> It's in the book. It's in the book. Data as currency and the value of data and the economics of data. I think it's a really interesting dynamic around the digital economy, is if you look at the biggest companies ... and Stripe is a great example of this, of the companies that have really thrived in the economy, they recognize that, "Hey, money's important for sure, but data is really important." And I would even argue that we call these companies big tech, but they're actually more data companies than anything. How is Facebook and Google and monetized? It's all about the data. So I think that the whole data ecosystem, the whole integration ecosystem, companies that really understand that, how to use the data effectively, how to exchange data, how to value data, are leading companies, and where is the medium for movement of data? It's through the integration.

>> It really drives the business model of a company. How they handle their data will ultimately define how they organize and how their systems are built. And you guys bring that out loud and clear here. And also we were hearing about agents, connectors. You did mention connectors. In the old school days of connectors, we were riffing on this yesterday, and Steve Lucas actually joked on stage yesterday was saying, "Oh yeah, just automate your marketing automation system or replace it." Now, he came from Marketo. He didn't actually say Marketo, but I did. I got the inside joke there. But he was like, "I'm only kidding." But he was kind of serious. Connectors are old. And so when you start getting into the ability to manage them in a way with integrated knowledge, that becomes a powerful automation opportunity. Can you share your vision on that? Because I know you guys are probably talking about that. You guys are certainly on stage saying, "Hey, if you got connectors, just build an agent for that."

>> That's right. That's right. Well, I think two points. To your earlier comment, Stripe views itself as this financial source of truth, because of all the different products and customer information that's there. And so the question is really how to unlock that. Now when you layer AI on top of that, there's a lot of power in terms of agents being able to go in there and analyze the data to have better outcomes. So I think about some of our fraud detection products that are out there and how agents are able to then leverage and understand different types of situations and scenarios to highlight potential fraud detection issues. This is our Sigma product. And we were just talking together about what that might look like to expose those agents and surface them inside of a workflow automation tool, how powerful that could look like. So definitely the talk is there.

>> Oh, go ahead.

Matt Cain

>> I just wanted one comment on that. What's interesting to me is when we even started the partnership ... And first of all, a connector may be old, but it is table stakes. One of the big things we're doing is we're putting out the branded connector for Stripe in our connector library because it's just a building block. But right away we were looking at what are the use cases, high value. And we even had ... I know internally and maybe in some of our partner discussions, we were thinking, "Beyond the connector, there's a bunch of stuff, the business functionality, the common tasks that you're going to want to do in conjunction with the connector." Which is why we're also launching not just the connector, but these recipes and templates for integration. And we were thinking breaking those apart into ... Because they're specific to Stripe, it's like a one-sided recipe, and it really becomes the genesis for a potential agent down the road because as Badhi said, these functions that Stripe already packaged through the API, when you plug it into a framework where you've got the data and you've got the application-

>> You mentioned recipes. I want to get to that because I want to get into specifics, but before we get into the partnership relationship you guys have, how long have you guys been partnering? When did it start? And obviously some fruit's coming off that tree now. You got marketplace activity on Stripe. Explain the partnership.

Matt Cain

>> August 4th.

>> 2010?

Matt Cain

>> No, it's been quite a recent-

>> This year?

Matt Cain

>> Yeah, 2023, so we're not in the future yet. But yeah, it's less than a year that we've had this collaboration. We have over 100 common customers, and we have integration cases where we've integrated Stripe. We had some recipes. We also have, I'm sure cases where Stripe customers are using Boomi. But this collaboration in earnest is only less than a year old, and we're already this far down the path. So we're very excited-

>> That's actually one of the benefits we've been hearing from you guys and your customers here is that the agility with Boomi being cloud-based gives you agility on product development or solution development. Whatever you want to call it.

Matt Cain

>> Our agility, and also the robustness of Stripe's maturity in the API space is a huge one. This is not chiseling through the concrete to find the data.

>> What about Stripe was good that you guys loved about it? What was good? Because I see your point. They could get with multiple systems with Boomi, they got access to more aperture for Stripe on the integration. What's the benefit of Stripe for Boomi?

Matt Cain

>> Just as I said, world-class API capability, just the robustness of the functionality in there. Not only in what is apparent when you go through the Stripe documentation work with it, but just the experience of supporting developers. Catering to the developer experience is something that Stripe is in the top 99th percentile of doing.

>> So they solve their own problem internally, which is take the developer integration, make it easy, check. Been there from day one.

Matt Cain

>> That's right.

>> And then turn it into a global payment processing platform at scale.

>> That's right.

>> That is ultimately where you guys are at right now.

>> That's right. And I think it enables Boomi now to offer finance automation as part of their suite. That's a huge bit when you think across global types of integration opportunities there.

>> So you've classified it as a strong partnership opportunity from Stripe.

>> Absolutely.

>> Yeah, you get access to more integration systems, and you guys get the leader in cloud-based-

Matt Cain

>> APIs.

>> large-scale money.

Matt Cain

>> Well, and I didn't mention world-class integration knowledge within the team. Badhi and his team have a great background there. Their business is integration within Stripe.

>> Well, it's a classic decoupling or unbundling the enterprise, if you will. Because if you think about what you have to solve for, you optimize around global footprint, you have all kinds of things you've got to worry about.

Matt Cain

>> That's right.

>> And that are really unique to Stripe. You get that benefit. So that's decoupled from you. You just call on them. They call on you.

Matt Cain

>> And it is a new space for us. And I think that one of the big things coming out of the announcements that we made yesterday, and we'll expand upon this afternoon in the product keynote, is just we're going to be more and more collaborative in the digital economy. That's one thing. The specialization of capabilities that companies like Stripe can do in their business domains and the ability to then connect everything, and the fact that not every company's going to want to go and build it themselves. It just makes sense to do best of breed. We have the capability to do that. So more and more collaboration is going to be the name of the game.

>> And with generative AI thing coming out, which gets everyone more hype around the generative side of the business, which is really just a great new category of runtime new things. So you got to be real-time.

Matt Cain

>> That's right.

>> Check. You guys done that. You got to integrate multiple systems. This trusted data management layer is a huge deal, and it's a hard nut to crack in the enterprise. If you're trying to be a horizontally scalable data layer that's trusted, that's real-time and doing mission-critical applications, show me someone doing that. That's very hard to do. It's extremely difficult,

Matt Cain

>> And that's why we started with these enterprise grade systems to build out those recipes. This idea around NetSuite and Stripe in terms of invoice synchronization or link payments is a huge win for the joint customers that we have.

>> Give me an example of some of these recipes, and tell me what would have to happen if those recipes weren't in place. If I didn't have a recipe, what does my work look like? Take us through some of the recipes.

>> So let's just think about NetSuite as your ERP. In terms of thinking about invoice generation, sending out invoices to customers to go off and pay those things, this is now automatable through a Boomi workflow. Then you can also generate a payment link that allows customers to dynamically select from over 45 different payment options. It securely stores their payment information so that the next time that they use Link, it's all filled in for them. So it's a win from an onboarding and usage standpoint, but it's a massive win for the customers on the end of the spectrum that are actually interacting with these systems or paying their invoices.

>> And their alternative for not having a recipe is what?

>> I think at that point-

>> Custom code?

>> Custom code. You go in and you use the Stripe APIs, and you try to work your way through NetSuite or through Salesforce and build out these types of integrations.

>> And the developer quits, "Hey, who wrote this code?" This is -

Matt Cain

>> The developer has to become the business domain expert. That's never what you want, but yeah.

>> Explain, this is a huge value. Think about just the alternative, not having this.

Matt Cain

>> Yeah. I think with Boomi, our whole ethos has always been to lower the barrier of entry for all different types of personas. So we have a lot of technical users, but with a low-code approach, it just opens the possibility for more people to be involved, and actually business domain experts. You can't have your developer be a domain expert on everything. So, yeah.

>> Well, Matt, Badhi, congratulations on the great partnership, and we'll want to hear more. Final question. Next year when we're here, what do you guys hope to accomplish from the partnership? Is there anything on the roadmap you guys want to check off? Obviously moving pretty fast now. Less than a year, you got recipes in the Stripe marketplace, so your customers are benefiting. You're getting access to now a modern enterprise platform. I wouldn't even call it an IPaaS anymore, because what does that even mean, integrating platform as of service? It's essentially a platform for essentially the future-

Matt Cain

>> The platform.

>> Yeah.

Matt Cain

>> Hey, I would love it if we're sitting here talking about some Stripe agents that are capable of doing some of these functions that Badhi was talking about, and fraud detection and tax and all these things. But undoubtedly, we're going to be building out ... We have more and more. We have a whole roadmap of recipes and functionality we can build today.

Matt Cain

>> That's what I was going to say as well. I think proliferating those recipes and exposing more and more of the Stripe endpoints and products that are there, that's going to be incredibly exciting for the customers that use it.

>> Well, we'll document it. I got one final, final question since you just made me think of another one. From an end user or ecosystem perspective, you guys are creating opportunities for other people to join in and build products on top of you guys. So this whole other cloud layer. So if there's creative developers out there that might want to pick a little niche and make something really powerful, what areas would you see developers or someone creative, entrepreneurial, whether it's inside the company, or maybe externally, how would they leverage the partnership of Stripe and Boomi? What could I build? What should I build? What's the demand?

Matt Cain

>> You're killing our startup idea. Hey, I think maybe data economics, the application is something we could do. I don't know.

>> Valuation calculator?

Matt Cain

>> Yeah. I think what our role is, maybe less about predicting and more about creating the options that allow the smart people out there who come up with those ideas that we would never think of. But I think the more optionality that we have, the more that we're just building the rails. I think someone else will build the train.

>> Yeah.

>> I agreed with that. I think that there's huge opportunity in the ERP, in the tax area and the CRM area. There's just so much that they can build out there. Our job is just to really expose those endpoints and make sure that the capabilities are there, and then turn it over to the community.

>> Yeah, one thing I know as just an observer of the Boomi and just the dynamic of relationships like you guys, is that in this world where there's manual process, that's the easy area to go to right away.

>> Absolutely.

>> Tax and all this grunt work or grind, that is an opportunity. So again, great time. Gentleman, thanks for coming on the CUBE group.

>> Thank you so much.

>> Great to see you again. Thanks for coming on. You're now CUBE alumni.

>> Love it. All right.

Matt Cain

>> Thanks so much.

>> Thanks.

>> All right, we'll be right back with more. I'm John Furrier, host of theCUBE. Boomi World day three. We'll be right back after this short break.