Performance Challenge
A well-known Power Cooperative wanted to choose a consolidated software that would cater to all their business requirements with the goal to achieve higher performance and ensure accurate accounting and reporting. They wanted to evaluate all available software options and choose the most suitable software with all CTRM capabilities. At Value Creed’s suggestion, the company decided to go for a trusted software over a combination of newly introduced software applications to ensure reliability and peak performance.
KEY RESULTS
Extensive Technical Validation
Intense Reliability Assessment
Vendor Viability
Software Selection
- Our team of experts conducted various workshops with the key team members to understand the current process and requirements to evaluate the available software applications.
- Our team analyzed the business requirements and developed a gap analysis for the company to understand each of the available software applications in the market to prevent bias and which would fit the current and future business needs. The team evaluated individual software applications based on their usability, cost, implementation, extensibility, and integration with front-office & back-office.
- Following the software selection process, our team also identified areas to optimize the current processes and update them to re-evaluate the existing KPIs and refine them as required. Our key focus for the process was to provide flexibility while performing a search for the applications.
- Our team ensured that the software selection process aligned with the strategic plan for the business so that the company could have future-proof software to support the ever-evolving business needs.
- Acknowledging the associated risks from the selected solution, our team devised a plan to mitigate these risks to reduce the organizational impact and also developed a total cost of ownership model.
Value Creed Services Mobilized:
Software Selection
Our comprehensive Software Selection process ensures a complete study of the business operations. Workshops help us to understand the key requirements of business operations to design a process map and conduct a gap analysis. Since our team is formed of industry-experienced personnel, we’re able to understand the future requirements and needs of the business which plays a key role in software selection service
Key Takeaways
Through a comprehensive selection methodology, Value Creed’s team was able to add value to the process by successfully evaluating the business requirements and suggesting the most suitable option for current and future business activities. Also, being familiarized with the industry, our team was able to uncover the hidden requirements. The team ensured that the business challenge was addressed throughout the process and the shortlisted landscape alternatives were minutely evaluated on various parameters like cost, functionality, and flexibility to make the final suggestion.
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