In March, we launched a series of ideas of how companies who are suffering from the Covid-19 pandemic can quickly reduce cost and increase liquidity. If you missed the webinar around our second idea, reducing cost by replacing you Biztalk platform, you can watch it today.
Many companies are under tremendous financial pressure due to the COVID-19 virus. In early March, we sat down to figure out what we can do to help and came up with 4 ways of how we can reduce cost and increase liquidity in the short term for a company.
You can read a summary of the cost saving series here. The summary include links to all 4 ideas to give you a deeper insight of each idea. Every idea also include a financial business case which have two purposes:
- Translate technology into tangible financials to motivate your CFO to support the idea.
- Provide a business case template to reflect your specific prerequisites.
Every organization needs to connect data between applications and databases to support their business processes. There are a lot of ways of solving the integration need but many companies have bought an integration platform from one or more of the major product vendors in the market such as Microsoft Biztalk, Tibco, Mulesoft, IBM Websphere etc. If you’re one of them, we have good news for you and your CFO.
According to Radar Group, who made a survey of 200 Swedish companies a few years back, integration is a hidden cost bomb. On average, companies spend 140 000 SEK in maintenance cost per year and per integration. On average, a company with 300 employees have 50 integrations if you’re in the retail or in the distribution sector, 70 integrations if you’re in the manufacturing sector according to the survey. The cost of integration is substantial.
You can watch the webinar here