Get used to it, business as usual doesn’t exist anymore. From global warming to the corona crisis, the disruptive effects force all of us to revisit several assumptions and paradigms, including those in the C/ETRM market. When events threaten to disrupt operations, the cloud delivers business continuity. With the COVID-19 crisis seriously hitting home, it accelerates the transition to cloud applications – thereby further supporting digitalization of trading companies still operating spreadsheets. Arguably, agility is the new currency of business and cloud-based Software-as-a-Service (SaaS) is focused on the future agility of your business. So, when the wind turns, you need to sail a different direction: Time to Tack to a Cloud-based C/ETRM?
The corona virus is a stress test for the entire system. Those companies that rely on cloud-based solutions will benefit by not having the worry about continued accessibility. For those that don’t, their IT administrators are scrambling to provide remote access to critical applications.
To minimize the impact to your normal business is to proactively manage risk. To be clear, a risk is never a problem. A risk is something that can happen but hasn’t happened yet. And if it does happen, it is a problem (like for the scrambling IT administrator) and no longer a risk. Moreover, as long it is a risk, you can manage this. Therefore too, it is not a problem. Provided of course you are properly equipped to do so.
Dependable and secure cloud-based SaaS C/ETRM solutions have been available for years. SaaS is the delivery of applications over the internet within a shared cloud infrastructure with no need to install, maintain or host software on site. Users only need an internet browser to access applications via the cloud as a subscription service. Companies using cloud-based solutions create resilient and disaster-averse systems, while protecting data and business application integrity, as well as supporting an increasingly remote workforce, thereby mitigating that a risk becomes a problem.
Apart from business-continuity measures to be prepared when disaster strikes, a cloud-based SaaS C/ETRM system also offers access to the latest innovations and emerging technologies through automatic updates, thus allowing continuous improvement. This is critical for agile organizations that want to rapidly meet changing market and competitive conditions. Another lesson that the COVID-19 outbreak has taught us. With agility being the new currency of business, unparalleled configurability in a next-generation C/ETRM system will allow to accelerate new product offerings. Moreover, a C/ETRM solution that is highly configurable offers the flexibility to be lower cost for the smaller company and minimizes additional cost when ramping up or changing course.
History will undoubtedly highlight the importance of cloud-based systems in disaster recovery situations. The internet’s distributed nature is a natural fit and cloud-based systems will come out on top when all is said and done. True to its name, Pioneer solutions’ C/ETRM applications have been available for delivery in a cloud environment from the beginning. Its award-winning www.trmtracker.com , combines a standard set of ‘enterprise-grade’ tools across the Front, Mid and Back office, and is designed for rapid implementation by Pioneer staff, supported by on-line tutorial resources to accommodate self-configuration allowing for less reliance on Pioneer doing work and therefore lower implementation cost.
The corona crisis has provided an ‘Aha moment’ about existing assumptions and paradigms, about transition to cloud solutions having a lot more to do with overcoming cultural issues than they do with technology, about a recognition just how rich SaaS application environments have become. A crisis shakes up, changes priorities, makes companies think about their dependencies and what happens when the wind turns. In challenging times, one must question the accepted reality and the solution may well be found outside the usual compass. As Winston Churchill said, “never waste a good crisis”: Time to Tack to a cloud-based C/ETRM system!