Software

Software Makes the Impossible Possible

The technology sector offers a number of industries that help propel organizations forward, but none are as prominent as the software industry. Software enables organizations to accomplish things not possible before, as well as achieve incredible levels of efficiency.

Mid-sized, larger, and niche organizations have benefitted particularly from a few software segments:

  • Enterprise resource planning (ERP)
  • Commodity/energy trading and risk management (C/ETRM)
  • Warehouse management systems (WMS)
  • IT services and consulting

As organizations grow, their software requirements naturally shift to meet scalable, multi-function, and sometimes globalized needs. That’s where ERP software come in. Software platforms like Microsoft Dynamics NAV help organizations integrate and automate.

Some organizations operate in niche spaces, such as commodity and energy trading. This requires equally niche technology platforms, namely CTRM and ETRM software, that support business processes specific to trading commodities.

Similarly, for organizations in the logistics space, a WMS provides the means for supporting and optimizing warehouse and distribution center management. WMSs are often integrated with ERP systems, which touch nearly every part of the organization.


Software Selection is Critical

These concepts seem simple enough; however, the challenge lies in selecting and procuring the system that’s right for your organization. After all, it does you no good to invest in software that doesn’t fully address your business requirements or integrate well with current systems.

Then there’s the additional challenge of managing the system once it’s been procured and implemented. You need an appropriate framework for systems management to effectively safeguard your IT investment over the long term.

Our consultants at Factum hold deep knowledge in enterprise-level systems. And a prime benefit from working with us is being able to pull from our dual perspectives in software. That is, we’ve helped both software vendors and end users, which has deepened our understanding of the technical and business sides of the system procurement equation.