Powering up software assets
Most businesses have been quite content with off-the-shelf software. But we
find that larger companies are placing decreasing reliance on off-the-shelf
software and starting to leave it behind in favour of bespoke software. There
are very important reasons why.
One of the key benefits to bespoke software is that it allows you to fine tune
the software to your business needs. Large companies have seen that
technological resources can have a major impact on business strength if it is
implemented correctly. And the only way to get software that fits perfectly
with your business is to make it yourself: bespoke software.
Since finely-tuned software driving business is a proven benefit, it’s fair to
say that a finely tuned business can be achieved. For businesses that are
highly competitive, having finely-tuned processes is vital.
And with a high tax economy, low-taxable resources are a vital route to
developing cash flow and profit. But software technologies can also bring
massive cash savings as computers take on the work of their human equivalents.
And rather than reducing your human resource count, it means that you can add
to your strength for very little cost.
The other main reason that technology works for large companies, is that it
allows them to interconnect all their resources across the globe. By doing
this, they can shift resources around the globe, taking advantage of the
economies that offer the most at any point in time.
There are two main reasons for walking away from off-the-shelf software:
firstly, it’s generic, it doesn’t really have a natural fit with your business
and it doesn’t allow business to develop in a natural and unique way. Secondly,
it’s very risky: if a fault emerges in the supply chain or in the software or
if the software ceases to be produced, you may not have long-term continued use
of that software: licences prices may be hiked up forcing many businesses to
cease using it.
Small businesses can take advantage of much of these processes too, particularly
in cash and tax savings. If they implement their new software correctly, then
they can also gain competitive advantage, as well as being able to indulge in
faster and cost effective execution of business deals.
For small businesses, the opportunity is that they can interconnect with their
customers, which would, in fact, give them an edge over major institutions. It
allows them a new channel to communicate with customers. There is the web, but
with everybody using it now, there is no real competitive advantage in
delivering over the web.
Software is truly an asset: you’ve invested in it, you’ve grown it, and it
delivers powerful benefits for you business.
Contact Chalestra to help you develop your