A customized software solution that is tailored to your business’s requirements can be a key competitive advantage. It lets you maintain control over processes, deal with issues in your business effectively and stay flexible as your organization changes. It also helps you avoid costly and inefficient mistakes by eliminating redundant tasks and the need to send passwords via unsecure channels (like emails).
Enterprise applications are generally used across multiple departments, instead of a single department like with traditional software solutions. This improves communication, collaboration and efficiency. This kind of software is usually integrated with predictive analytics tools that allow decision makers to anticipate market shifts in the future and take preventative measures before they cause severe damage to the business.
Retail enterprises, for example, can use data analytics to spot patterns in sales and alter pricing plans and marketing campaigns as well as inventory levels based on real-time information. In the same way, investment managers can forecast potential market trends by using historical data to make informed decisions about portfolio allocation and portfolio adjustments.
A value-added reseller could help to increase its profits by providing services that improve its customers’ purchasing experience. A company can, for instance, provide prospective buyers a copy of their software or demo floppy discs, or provide consultation prior to sales. Software providers can also set up bid tables for large orders that are price sensitive nature. Combining these services with other ones could boost the sales of the value-added reseller and increase revenues for their customers too.
