A Very Brief Recent History of Business Technology Applications

In the late 1990’s technology soared. It was the era of the dot.com boom and subsequent bust. Many new software and hardware advances were adopted by large companies that began to integrate new technologies into their business processes.

Some of these technologies were on the ‘bleeding edge’ with buggy software, crashes, insufficient memory and so on. Online ‘cloud’ or web based applications were often not reliable and not user friendly.

For smaller companies without IT departments, being on the technology bleeding edge was the equivalent to living a nightmare.

Around 2003 the applications became more robust and bugs and crashes were less of a problem. Part of this progress was due to the dramatic drop in pricing for computer memory meaning that more robust programs could be run without crashing.

Also around this time many industries developed industry specific software to run businesses like car dealerships or bookstores. Called “management systems” this genre of software allowed smaller companies to combine all their processes under one program. This management software also did not require an onsite IT department to keep it running.

This vertical industry specific software was complemented by horizontal industry software such as bookkeeping and contact management software. This meant that a company could also run its books and keep track of prospects and customers in ways they were not able to do before.

Software and platform integrators stayed busy. The big drive during this period was to try to link and integrate software. For instance, management software would generate an invoice, note that it was paid and then route the data to the proper category in the general ledger through a linked accounting system.

It was clearly understood that the more integrated and “seamless” a software was, the more powerful and cost effective it could be. And since human error continued to be a major drawback to software applications, greater integration meant not only saving time and money but reducing errors.

As hardware and software improved it also became cheaper and more affordable to smaller companies. By 2005 and 2006 many of these applications became more mainstream and were used by smaller and smaller companies.

Perhaps the biggest advances during this time were web based applications. Companies could link all parts of their business online from sales and inventory to employee communications and human resources.

This shift also reduced costs from thousands of dollars for a software purchase to a monthly user’s fee making it much more affordable. These applications also eliminated a lot of paper.

By 2007 the second wave of technology upheaval had begun as smaller and smaller companies began using technology to manage and market.

Smaller companies began to sell more online and funnel new prospects to their sales department. These new technologies allowed companies to sell more by expanding their markets.

“In today’s marketplace if a retail or service business does not exploit all their potential markets then their competitors will,” says Eric Ressler of Zuniweb Creative Services, “it’s just not optional anymore.”

Across horizontal and vertical industries the key driver is strategy. Those companies with a solid strategy that is well executed are stronger competitors.

Technology is a critical component in almost all business strategies and in recent years technology has enabled businesses of all types to leverage their strengths in their respective markets.

As technology has become more user friendly it also has more users. Today one does not have to know html or coding to operate very sophisticated software and companies do not require a high level of technical expertise to run most software.

The big advantage is that the user can focus on business functions and not on user unfriendly software.

With these innovations has come a second wave revolution that is changing the way business operates today. As always, the issue is which companies take advantage of these opportunities and which do not.

As always the marketplace will ultimately decide which of these companies succeed.

The Future of Procurement Technology

Research has shown that leading companies today employ extensive use of procurement technology for purposes of driving high performance. Procurement masters do this in the following ways:

  • Provide heavy support to their source-to-pay process via a complete suite of integrated technology modules.
  • Achieve “one version of the truth” through the harmonization of master data across systems and consistent maintenance procedures.
  • Have access to highly visible data so as to enable full reporting.
  • Boast a full portfolio of supplier integration technology.

Today’s procurement masters therefore enjoy significant payoffs, delivering 2.5 times more value for every dollar spent in procurement, in comparison to average performers. But what lies ahead with regards to procurement technology benefits of the future? Take a look.

Innovative Technology

With the economy still in recovery, business focus has shifted to technology that is easy to deploy and which delivers a quick and tangible ROI. Granted, technology today typically focuses on the manufacturing element of the enterprise, which is where the money is made. Nevertheless, procurement remains at the heart of every organization; therefore innovation in technology can help boost procurement engagement ultimately leading to a reduction in costs and increase in savings.

Increased Connectivity

Procurement managers of the future will increasingly need to adapt to the convergence of work and play. Consumer-style expectations will persist in their migration into the workplace with access via the traditional PC/ browser-based platforms being superseded by apps. Procurement technology applications will shift their focus to engagement and usability so as to drive efficient processes and fantastic compliance. Additionally, as with the internet, technology is set to become even more connected over time.

Intelligent, Multi-Dimensional Data

Business procurement is set to resemble consumer procurement platforms such as eBay and Amazon. This will be achieved through technology that is more intelligent and which utilizes multiple dimensions of data to steer spending behavior towards the most attractive deals. In this way, procurement managers will be able to make purchasing decisions that are quick and better informed.

An efficient and integrated technology foundation is critical for achieving such results for the business of the future. This will also require thought leadership in procurement and sourcing, specialized skills for SAP procurement and global client experience to assist an organization in the maintenance of a reliable, high quality supply base while reducing costs. It is such a foundation that will provide your business with a procurement technology framework that will power high performance for years to come.

Innovative Solutions for Business Transformation With Inshore Technology

With a turnaround in the employment policies the US businesses are facing considerable challenges in implementing a structured framework that is in tandem with the business goals, and that which encourages new business processes for optimum service delivery without raising the costs. Today businesses require a management system that can leverage technology applications providing unquestionably efficient solutions to carve a niche in the complex and competitive race.

With the winding up of the offshore operations the US organizations need to gear up with solutions that can yield highly productive results without adding to the expenses. The cleverly crafted inshore plan has been designed with the aim of reducing the risks apparent during the transition of projects and applications. The model deploys strategies for handling integration amongst the teams and aligns them according to the business requirements for advanced progress.

Handling Technology Efficacies

The gargantuan presence of technology for business proliferation is evident from the way it is shaping the market trends. Technology innovation marks the up-gradation and maintenance of quality standards and metrics that drive the business processes. The inshore model provides flexible architectures that can incorporate new technologies without upsetting the budgetary balance. It also helps to develop methods directed at concentrating on the core needs of your business. It provides you with expert solutions that encompass every aspect of the technology domain such as digital media, social networking, SaaS and cloud solutions that facilitate smooth transition of your legacy systems onto these newer models.

Business Operations Management

The fulfillment of IT operations to the hilt is fundamentally decisive for a capable business process management. The inshore technology employs the best development and maintenance processes for IT governance and compliance modeled on the standardized industry frameworks such as CMM, ITIL and Six Sigma. The management operational excellence consulting solutions provided by the inshoring model are key factors that provide value-added strategic initiatives for your business.

A Cohesive Strategy for Developing, Integrating and Managing Business Applications

Most of the US organizations fail to strike a balance between creating an efficient service delivery team and optimizing the costs of the application infrastructure. The inshore module handles the application monitoring, support, tuning and other minor additions that help you to achieve higher levels of integration and control thus reducing the risks. It provides agile methodologies and developmental plans with a focus on the customer’s needs.

The inshore strategy with competent technology transformation solutions releases you from the burden of maintaining the legacy systems and prevents a shortage in your finances. It facilitates administration through the web and simplifies the configuring process through a system comprising of a set of services. Its adaptive nature is thoroughly pliant with the core requirements of your business. It enforces a system that tends to the IT operational needs and gives your business a boost with promising business application management solution.