SmartConnect making Dollars and Sense
Quinton Wall's Blog |
January 10, 2008 10:05 AM
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I recently spoke to Steve Marlin, managing editor for Treasury and Risk Magazine about how BEA SmartConnect can address organizational drivers and how they relate to a companies mission of increasing shareholder value. A subset of this conversation was posted yesterday and is available here.
I wanted to add a few additional items that were discussed but did not make it into the Treasury and Risk article; in particular around corporate drivers and the importance of leveraging existing packaged applications through BEA SmartConnect in order to increase shareholder value:
Driver: Reducing Expenses and Maximizing Asset Utilization
SmartConnect allows an organization leverage existing ERP and packaged applications in a ubiquitous approach that facilitates sharing of assets across single business units, reduces idle time of these systems as more and more new innovation is enabled on-top of these systems. In addition organizations will no longer require dedicated hardware to run proprietary adapters therefor releasing funds that can be better utilized elsewhere to grow revenue
Driver: Grow Revenue and Improve CashFlow
reduction in operating expenses through more visible and flexible process improvements. With connectivity solved organizations are no longer constrained in rigid processes as defined by large packaged apps and have a greater visibility into critical information and financial controls. This increased agility allows organizations to focus on obtaining new customers by entering new markets, increasing customer satisfaction and ability to cross sell.
Driver: Manage Risk
Through increased re-use, visibility, performance and management organizations can improve customer service, employee satisfaction and diversify offerings, markets etc resulting in decreased exposure to fluctuating market conditions.This is especially important for organizations to be able to rapidly comply with evolving regulatory changes.
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