In the business world, scalability refers to the ability of a company to sustain or improve its performance in terms of profitability or efficiency when its sales volume increases. In the software world, it means the capability of a system to handle a growing amount of work, or its potential to accommodate growth. With the world economy having strengthened, consumption across commodities increased, and companies emerged after years of retrenchment, the enterprise with a flexible and scalable C/ETRM system is the one which can withstand fluctuations in volume without harming its profitability or efficiency levels. Moreover, with companies repositioned, they need tools that support their new strategies: Scalability in a Thriving Economy!
For growing businesses, scalability is important. Unless you can predict exactly how large your business will grow and what functionality you’ll need in the future, you need a C/ETRM system that can scale with you. This means the C/ETRM software should have the ability to grow with your business, increasing in complexity and user count without compromising its effectiveness.
Specifically, a scalable C/ETRM system provides a high degree of configurability to support changing business strategies, from simple transactions to complex ones while enabling front-to-back straight-through-processing. It is capable of handling increasing numbers of users and transaction volumes, and of course offers deployment flexibility including the cloud.
Scalability is so appealing for growing organizations today, it’s the sole reason many of them choose to adopt cloud-based C/ETRM applications. To non-enterprise companies, it often provides access to new services that were not available to them before. Additionally, as their environment changes, energy and commodity trading companies benefit from cloud-based applications since all the cost and risk of the upgrade is the responsibility of the vendor.
When putting all the costs of ownership on the table: hardware, software, maintenance, upgrades and innovation, real “Cloud Computing” wins out every time.
Scalability benefits of a cloud-based C/ETRM system, extends to Administrative scalability (adding users), Load scalability (server infrastructure), Functional scalability (high degree of configurability, but also a “start small and grow as you go” approach with Pioneer SaaS via www.trmtracker.com and migrate to the flagship product as necessary), or Geographic scalability (anywhere, anytime user access).
Consequently, cloud-based Software-as-a-Service C/ETRM solutions are overtaking traditional delivery software. This is a result of it being fundamentally a better business model for the company and the vendor. As author Tien Tzuo points out ‘the world is moving from products to services. Subscriptions are exploding because billions of digital customers are increasingly favoring access over ownership’. His suggestion is to move towards innovative business models based on leasing and services.
Enterprises that have adopted modern cloud-based C/ETRM systems such as TRMTracker.com, are already achieving lucrative productivity improvements and gaining new business insights. As a result, they are well positioned for growth in an economy many now see as always on and always up to date.
Scalability is about achieving profitable growth at a relative ease. Companies remaining on legacy systems because of inertia—the “if it ain’t broke, don’t fix it” mentality—will realize it is a major stumbling block to productivity, and will risk being left behind.