How Custom Software Can Streamline Your Business & Improve Your Bottom Line
by Tandy Lofland
The Benefits of Custom Software for Your BusinessA commonly overlooked facet of business process improvement is the incorporation of custom software solutions. Custom software solutions, as opposed to expensive off the shelf solutions from vendors, have the potential to drastically streamline your business processes while reducing risk, improving compliance, introducing auditing, improving reporting, and reducing person hours. Additionally, with the ability to run tasks overnight and in off hours, it is possible to automate processes to run so that your key decision-making data can be available before the start of business every day thus, further reducing overhead and adding to your bottom line.
Streamline Your BusinessChances are your organization has countless daily tasks that require the attention of one or more people. Those tasks can be replicated in a custom software solution that will accomplish the same goals, and in many cases add improvements that would be too cumbersome or complicated for humans to regularly perform. Since they are custom by nature, the complexity of a custom solution can range from as simple as importing data from Excel into an existing database to as complex as an entire custom trading system. Just a few examples that many organizations would benefit from are:
- Centralized reporting solution to combine data from different pre-existing applications and deliver on-demand and automated reporting presenting key metrics across your organization.
- Transitioning key business processes from relying on Excel or Access databases to using a secure and user-friendly internally hosted web application.
- Automating the import or export of data from 3rd party or internal sources like Excel or internet data feeds.