A software application that is tailored to your specific business needs can give you a competitive advantage. It allows you to maintain control over processes, effectively tackle business challenges and remain flexible as your company grows. It also helps you avoid costly and inefficient errors by eliminating redundant tasks and the need to send passwords via unsecure channels (like emails).
A business application usually works across several departments instead of only one, as is the case with traditional software solutions, strengthening communication, collaboration and efficiency. This type of software often comes with predictive analytics tools which enable decision makers to anticipate market trends in the future and take proactive steps before they cause severe damage to the business.
Retailers, for example can make use of data analytics to spot patterns in sales and alter pricing plans and marketing campaigns and levels of inventory based on current data. Additionally, investment managers are able to forecast market trends by analyzing historical data and make informed decisions about the allocation of assets and portfolio adjustments.
A value-added reseller could help to increase its profits by providing services that enhance its customers’ purchasing experience. A company could, for instance, provide prospective buyers evaluation copies of software or demo floppy discs, or offer pre-sales consultation. A software company could also set up bid tables for large orders corporate software advantages with a price-sensitive nature. Combining these services and others can boost sales for the value-added reseller, and could increase the revenue of its customers too.