What is an Enterprise?
An enterprise is a large-scale organization that depends on an expansive portfolio of software to conduct business. Many people view enterprises as multinational Fortune 500 companies. Although the biggest enterprises are in the Fortune 500, they are tons of medium to larger-sized businesses considered enterprises too.
Regardless of the size and scope of your business, some principles should always be the same. As enterprises grow and evolve, they need to adapt their services to integrate new applications. Industries, technologies, and, most importantly, people are constantly changing. If enterprises want to reach or remain at the forefront of their industry, they must adapt their operations and integrate the newest trends and technologies.
What are Enterprise Application Services?
In today’s business environment, remaining competitive is more difficult than ever before. Fortunately, businesses can gain that competitive edge through enterprise application services (EAS). These are software solutions specifically modeled to your entire business operations to optimize productivity and efficiency. They can help your business reach corporate goals and provide a wide range of applications and services.
These applications help integrate digital customer experiences, assist with executive and financial operations, capture and retain top-line workers, and help structure professional partnerships. Enterprise application services should be a core to any company’s IT department. However, it can be the principal operator for other departments in the company.
Many businesses are just starting to realize the power and importance of enterprise application services. According to a report by Statista,1 enterprise application software resulted in 209.4 billion USD revenue in 2020. Also in the report, Statista forecasted that enterprises will spend 517 billion USD on enterprise application software for 2021. As you can see, the numbers don’t lie, and it is easy to predict that enterprise application services will remain a fixture for many large businesses for the foreseeable future.
What Software is Included in an Enterprise Application Portfolio
Everything that can get work done for your businesses and help you reach department and organization goals is considered to be enterprise software. Typical software that you can update and integrate to make your business more efficient include:
- AI-backed Business Intelligence Software: With the rapid advancement of AI and machine learning, business intelligence is becoming the new gold mine for enterprises seeking to deal with skilled labor shortages, production monitoring or quality control. . EAS supported by AI or ML can add to a company’s business intelligence capabilities. These advancements in data analytics can also help businesses better utilize customer and operational data to forecast more accurate trends and changes for the future.
- Order Processing: Getting orders to customers on time in a predictable, consistent way is a must, especially for businesses operating in field services, manufacturing operations, or logistics. . Through EAS, you can ensure you meet business guidelines and fulfill customer’s expectations with prompt and accurate processing and delivery.
- Procurement: When it comes to your supply chain, procurement is your bread and butter. When running an enterprise, the entire supply chain system can be incredibly complex and difficult to manage. But with procurement market intelligence software, you can better navigate market dynamics, adjust with supply and demand shifts more responsively, ensure accurate closings, and calibrate operations for expected growth.
- Scheduling: Depending on the business, you can have employee and/or contractor schedules around the clock. Likewise, employees’ schedules change all the time and must be flexible to adapt to unforeseen circumstances. EAS can help minimize scheduling complications, ensuring smooth operations, even when personal emergencies occur or if a certain job requires certain certifications.
- Customer Information Management: Properly managing client data is not simply fulfilled with a CRM, particularly for companies receiving complex orders or requests, such as EDI orders or ingesting an ASR file or Access Service Ordering Guidelines Industry Support Interface (ASOG ISI). Enterprise application services enable order files or EDI messages to be parsed, rejected .
- Energy Management: Energy consumption is a major price tag for industrial enterprises, pharmaceutical producers, or facilities with clean rooms. It can be quite costly to manage air pressure requirements or meet particulate matter requirements. Fortunately, PLC integration for building automation and EAS can help eliminate excess energy production and reduce overall electrical costs, saving your company more money.
- Accounting: Job costing, purchase order management with suppliers, and forecasting on financial metrics are highly important to a business and its bottom line. That is why it is essential to have an accurate accounting workflow, approval notifications, and financial reports. EAS can help make the process less cumbersome and ensure your financial reporting is timely and correct. So next time you get your Q1 earnings, you can be confident in the reports.
Areas the Application Services Address
Although Enterprise Applications services play a significant part for many enterprises, it’s not a simple engagement. You can’t simply expect a software team to do everything for you. Enterprise application software requires collaboration from company leadership and the individual personnel that regularly perform the day-to-day work in the range of business operations. System improvements that allow it to work more effectively over time. These upgrades include:
- Widespread Performance Improvements
- Central Management Capabilities
- System Integrations
- Scalability Improvements
How You Can Improve Your Business Processes with Enterprise Application Services
Enterprise application services can help an enterprise in practically every department and process. Regardless if your business is releasing a new product, merging or acquiring another business, or migrating networks and need to integrate from existing systems, there is application software specialized for each specific function.
If you’re looking to grow and expand your enterprise, enterprise applications services can take your business where it needs to go. Changing processes and trying new software can be a large commitment. However, our company is a trusted enterprise application software provider, and we can customize a software solution that fits your specific set of business needs. Whether you would like to learn more or feel comfortable reaching out for a quote, feel free to contact us today!