An old debate that should be over
One of the oldest debates in corporate Finance IT is whether to adopt all-in-one software from a single vendor, or deploy best-of-breed packages from many. It seems like there’s never been a straight answer, until now.
No legacy solution can perfectly adapt to every single case
Many legacy vendors in the Financial Services Industry claim that their offering satisfies almost every business need. In fact all of them claim they are not even legacy!
In reality, no standard solution can perfectly adapt to every single case found in the field. Therefore there will always be a functional gap between what these solutions promise to deliver, what they actually deliver, and their Clients’ specific operational & business requirements.
Hence the propagation of shadow IT
This functional gap can sometimes be so large that business users won’t even use these legacy solutions, hence the propagation of shadow IT as an attempt to bridge it (Excel sheets and Access databases used outside of corporate compliance best practices).
Shadow IT generates security, risk & compliance issues, but most importantly a net loss of technology investment, business agility issues, a lack of competitiveness, and eventually Client attrition.
The Last Mile: where biggest risks stand, where most of your business value resides
We at Heavenize define this functional gap as the last obstacle to true business agility and performance, and we call it The Last Mile.
Indeed, The Last Mile that separates a standard software solution from your specific business needs is where biggest risks stand, but at the same time where most of your business value resides.
This is the only place where you can transform business data into business insight, and business insight into timely & efficient business decisions with regards to your business strategy.
How does Heavenize can help you?
Whether you already have chosen an all-in-one or best-of-breed approach, or are planning to do so, Heavenize now empowers you to deliver maximum value to your business users, executive committee members, and ultimately to your Clients, by walking you through The Last Mile.