A tailored software solution that meets your business needs can be a major competitive advantage. It allows you to keep control over processes, tackle issues in your business effectively and be flexible as your business grows. It also helps you avoid costly and inefficient errors by eliminating redundant tasks and the necessity to transmit passwords using unsecure methods (like emails).
Enterprise applications typically work across several departments instead of just one like conventional software solutions, strengthening collaboration, communication, and efficiency. This kind of software often comes with predictive analytics tools, that allow decision makers to anticipate market trends in the future and take proactive steps before they cause serious harm to the business.
For example, retail enterprises can make use of data analysis to identify patterns in sales and adjust marketing campaigns, price plans and levels of inventory based upon real-time data. Investment managers can also anticipate market trends using historical data and make informed decisions about asset allocation and portfolio adjustments.
A value-added reseller can increase its profits by supplying services that improve its customers’ purchasing experience. For instance, a business could offer demo floppy disks or evaluation copies of software to prospective buyers, or offer pre-sales consultation. Software providers could also set up bid tables to handle large orders that are price sensitive nature. Combining these services could boost sales for the value-added reseller and increase revenues for their customers too.