The Significance of Odoo Migration and How to Do It?

Odoo is an open-source ERP software that comprises an integrated suite of business modules such as eCommerce, accounting, warehouse management, project management, financial management, customer relationship management (CRM), manufacturing, and purchasing. These modules ensure seamless and efficient communication with each other to exchange information.

Read more: 5 Salient Features of Odoo that Make it a Reliable ERP for Enterprises

Odoo

Odoo ERP can be used by businesses of all sizes and is available in both cloud or on-premise versions. Odoo is open source and highly customizable, allowing developers to access the code and make changes in the module based on their business needs. Odoo ERP can be easily integrated with payment processors and external shipping systems such as UPS, eBay, FedEx, Amazon, and QuickBooks.

Read more: 5 Reasons to Integrate Your E-commerce Application with Odoo ERP

Odoo ERP

So, if you are new and planning to implement Odoo ERP for your business, you should consider the most recent and latest version of Odoo, that is, Odoo 14.0. 

However, if you are already leveraging Odoo and thinking of migrating to Odoo 14, you need to assimilate the situation before migrating.

Odoo migration involves two parts:

  • Data migration 
  • Odoo apps migration 

You can migrate both your company data and the apps used in the older version of your ERP. This migration process requires expertise and an experienced Odoo ERP partner to achieve it. Your older data must be optimized for the newer version smoothly and is best done by a professional Odoo ERP implementation partner like Fingent.

Why migrate to the latest version of Odoo ERP?

Undeniably, the latest versions of Odoo include improved features such as security, speed, and stability. Migrating to the latest version indicates that you are ready to update your system and move forward. Moving forward does not mean that you lose your old data and turn to new data. Migration ensures that all the previous data is kept intact while stepping into the new one.

The latest version, Odoo 14 got released in October 2020. As businesses are ever-changing, the new version comes with many added or deleted features as found optimal by Odoo. This is needed to ensure the ERP keeps running at its best performance and also delivers high performance. It is considered to be four times faster than Odoo 13. So, if you are looking for speed, then you can switch to Odoo 14.

Top features of Odoo 14

Some of the features of Odoo 14 are:

1. Improved user experience

Odoo is a great competitor to big names like Oracle, Dynamics, and SAP. Odoo 14 has added more shortcut keys to control the system faster, improving the system speed and more on-click features to help you save time. There are more widgets in the list view that allows you to send messages directly to your colleagues within a single click.

2. Automated CRM

CRM is a powerful tool that provides your company with a better insight and focuses more on clients and not on the data input. The insight helps you forecast sales or find information about the clients easily. In the absence of a CRM, the salespeople can randomly fill the customer’s information, making it difficult for other team members to follow up or get complete sales information.

As Odoo 14 CRM is automated, you can add and search for customer’s data accurately and quickly.

3. Outlook plugins

This feature automates the communication logging and allows you to communicate with the clients automatically in the CRM. It also helps sales managers track the communication of their subordinates.

4. To-do activities list

Odoo 14 helps salespeople focus on selling instead of data input. The to-do activities feature allows the salespeople to quickly check the to-do list, the next activity, and its priority with its impact every day. This feature comes with an improved follow-up section that helps salespeople send an email or SMS to the potential client directly from the CRM.

Points to consider before Odoo migration

1. Performance

Odoo 14 is designed to deliver more both in terms of performance and features. It includes additional features that can benefit new businesses. The new features ensure the business processes are carried out as smoothly as possible. However, you must make sure to understand the purposes and needs of your business before you avail of the updated version. 

2. Deleting a few features 

While the new version includes new features, some of the old features have been revoked by Odoo. So, it would help if you had an idea about what features will be lost in the newer update. This is where an Odoo ERP implementation partner like Fingent can help you. Our Odoo consultants can help you migrate to the latest version of Odoo without losing your crucial company data. 

Read more: 6 Ways Odoo ERP Customization Can Benefit Your Business

Odoo ERP

3. Downtime

An update would mean that your business operations would be affected in the meantime. So, you must be prepared to overcome this downtime if you opt for migration. You can use the pilot version to run the platform with updates in the background. However, it is not possible in the live environment. You can discuss this in detail with the migration expert at Fingent.

4. Cost

The cost of the migration process may vary depending on your customized business requirements. Understanding the need for the latest update and knowing if the expense is the right investment for your company is essential. You can consult the software development experts at Fingent to get an estimate of the Odoo migration expenses for your business.

While migrating your old Odoo versions to newer and better ones is essential, it is a complex and tedious task. So, it is vital to have a good Odoo migration partner, which is why most businesses entrust us with Odoo ERP migration.

Read more: Why Choose Fingent as Your Odoo ERP Partner

Odoo ERP

Odoo migration: How to migrate to the newer version?

The Odoo migration process is done in two parts:

Part 1: Data migration

The company data present in the Odoo platform is of utmost importance and cannot be lost under any circumstances. This data requires some adaptation to work in sync with the new version. To make sure your data is suited for migration formulation, your information, such as charts, tables, contacts, etc., will be carried out.

Part 2: Odoo apps migration

The Odoo apps functional in the older version are used for specific needs and cannot be lost or compromised in the process of updating. Necessary changes to the existing applications or developing new ones will need to be done to meet the needs of your business.

The migration of applications and data will enhance the platform’s functionality without losing your company data.

To know more about Odoo migration and how we can help achieve it successfully, please contact us.

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    About the Author

    ...
    Yaseen Shareef

    Yaseen Shareef has been developing solutions with Odoo since 2013 and currently manages Odoo projects for Fingent's clients, making business functions more productive. Outside of work, Yaseen enjoys vlogging, traveling and catching up on the latest action movies.

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      Being an Official Partner of Odoo, Fingent has always catered to the needs of various customers and streamlined their operations, thus saving their costs, time, and resources. In this post, you will see how Odoo ERP implementation helps retail management.

      Odoo ERP: A Highly Customizable Cloud-based Platform for Retailers!

      The retail industry is one of the primary beneficiaries of digital transformation. In 2010, eCommerce accounted for only 5-6% of the aggregate retail sales in the US. The industry has witnessed phenomenal growth over the past decade with the development and adoption of retail technology, ERPs, eCommerce applications, custom retail solutions, and stiff market competition. At present, online retail sales in the US account for 21% of the total retail purchases. Isn’t that mind-blowing?

      The paradigm shift from the traditional operating landscape to a digital world presents both opportunities and challenges. Many people look for products online, make buying decisions based on social media reviews, and order products to be delivered home. They even use the internet to search local shops, order online and collect from nearby stores (click & collect) or find retailers that offer discounts in their area. The message is clear: physical/ in-store retailing also needs to pace up with the change.  

      To overcome the challenges in managing physical and digital selling, retailers need to adopt a modern enterprise resource planning (ERP) system.

      Read more: 5 Reasons to Integrate Your E-commerce Application with Odoo ERP

      Odoo ERP

      Today, ERP is extensively used to simplify and automate customer relationship management, project management, accounting, compliance, inventory, and supply chain operations. ERP is a reliable investment for business owners as they can control and monitor their operations, get reports, and gain insights on consumer behavior and market situations.  

      Odoo ERP for Retail Management

      ERP software allows integrating the core processes to run a company in one place, such as finance, manufacturing, HR, supply chain, inventory, procurement, tracking, transactions, etc. It also integrates all the data and related business processes of an organization. 

      Odoo ERP is a popular, open-source, cloud-based business management software that helps manage various business needs such as manufacturing, finance, inventory, point of sale (POS), eCommerce, purchase, logistics, etc. Odoo is an intelligent ERP system that allows retailers to integrate their whole data and all the processes associated with the retail industry. For retailers, Odoo is a perfect choice that increases profit and enhances productivity as it provides comprehensive solutions that can seamlessly integrate with eCommerce.

      Read more: 5 signs which imply that your business needs Odoo ERP

      Odoo ERP

      How Odoo ERP Benefits Retail Management

      Following are the significant benefits of using Odoo ERP in retail:

      1. One-step checkout 

      In online shopping apps, the checkout stage tends to have several processes spread across different web pages. This can put off some customers who don’t want to spend their time navigating through each. Odoo eliminates these multiple processes by offering a one-step checkout that is fast, convenient, and intuitive. It has the potential to reduce checkout abandonment and thereby increase sales.

      2. Craft stunning product pages

      For eCommerce websites, high-quality product pages are crucial to gain maximum traction. Long descriptions with dull-looking pages are outdated. Odoo ERP lets you build beautiful and stunning product pages with a simple drag and drop feature. You can also customize your online store’s look, layout, color, and theme with Odoo and make last-minute changes to meet the demands and expectations of your clients. You can also make changes and enhancements at regular intervals to add more features to your store. Make sure that your digital store is mobile responsive to be compatible with the changes and new features.

      3. Payment module integration

      Having different payment options can enhance the customer experience. With Odoo’s plugins and extensions, retailers can integrate and customize various modules like wallets, cryptocurrencies, credit and debit cards, and UPI. It also supports PayPal, PayUMoney, Buckaroo, Sips, Stripe, Ingenico, Adyen, and Authorize.net.

      4. Sales, purchase, and finance management

      Odoo offers non-retail and retail companies different sales management processes. Odoo has a Point of Sale (POS) module, which is integrated with the sales and inventory module. This module helps retailers track stock and commodities in real-time. The module also allows for the use of biometric devices to log in and out. It’s compatible with any hardware and doesn’t require installation. What’s more, the POS remains operational even when offline.

      Read more: How Odoo ERP Simplifies Sales Management in Your Organization

      Odoo ERP

      5. Inventory management

      It’s a known fact that inventory management in a volatile and dynamic consumer goods market is an arduous task for many retailers. With several issues such as excess inventory or out-of-stock scenarios, inefficient inventory management processes result in financial loss and lead many retailers to bankruptcy. 

      Odoo ERP offers inventory management as its integral feature, where it stores details of an organization’s entire inventory, including the individual product details. Odoo enables retail managers to keep track of crucial information such as:

      • The present status of the inventory
      • Items that will run out of stock
      • Shelf life details of each product
      • Notifications related to product expiry
      • Ability to make demand forecasts based on past trends and customers’ online behavior and buying habits

      Odoo ERP enables retailers to gain a competitive edge by modifying inventory to meet the fluctuating customer demands.

      Read more: Fingent’s new plugin facilitates the scheduling of Zoom meetings from Odoo! 

      Odoo Zoom

      6. Manufacturing and production

      Retailers who are also engaged in manufacturing and production can use Odoo’s module to help run functions. The Manufacturing module can assist in creating bills of materials (BoMs), managing semi-finished products, subcontracting manufacturing, etc. It can also help in configuring work centers and managing and configuring kits.

      7. The Cloud Advantage

      • Odoo solutions are cloud-based, allowing retailers to access their e-commerce stores from anywhere in the world. 
      • Odoo is flexible, customizable, and scalable, making it especially ideal for small and medium-sized enterprises (SMEs). 
      • Odoo is an affordable ERP solution with the maintenance fees included in the license fee.

      In a nutshell, Odoo ERP serves as a high-performance retail management system where retailers can manage everything on a single system. It can bring tremendous benefits to the retailing industry. They can integrate Odoo’s various business apps such as Sales, Accounting, Customer relationship management (CRM), Inventory, etc., with Odoo e-commerce. 

      The Odoo App Store features nearly 10,000 apps that connect to the same database on Odoo’s own servers. A testament to Odoo’s popularity is in the numbers: it has more than 5 million users worldwide, from start-ups to large enterprises. 

      With a simple checkout process, robust customer portal (order tracking, advanced shipping rules, and return management), order review, and wish lists, Odoo ERP provides real-time information to users.

      Read more: Why Choose Fingent as Your Odoo ERP Partner

      Odoo ERP

      Fingent has an ace team of Odoo developers that offers consulting, development, and implementation services. Whether you want to integrate Odoo ERP with your existing e-commerce store or build an online store from scratch powered by Odoo integration, give us a call right away.       

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        About the Author

        ...
        Tony Joseph

        Tony believes in building technology around processes, rather than building processes around technology. He specializes in custom software development, especially in analyzing processes, refining it and then building technology around it.He works with clients on a daily basis to understand and analyze their operational structure, discover (and not invent) key improvement areas and come up with technology solutions to deliver an efficient process.

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          Logistics Management Software:
          Business Applications & Use Cases

          Pfizer became the world’s largest sterile injectables supplier during the pandemic because the company excels in its logistics management. Without logistics software management, neither can they store, transport, and distribute the COVID-19 vaccine to multiple countries, maintaining ultra-low temperatures.
          In today’s fast-paced environment with growing transport volumes, logistic management software play a key role in digitizing every touchpoint of the supply chain- monitor shipments, optimize delivery routes, communicate with partners, handle a gamut of operations, and oversee distribution with complete transparency. Investing in logistic management software streamlines your processes and eliminates workflow headaches, yielding positive results with significant changes in processes, procedures, and distribution.
          In this article, we will cover everything that you need to know about logistics management software.

          What is Logistics Management Software?

          Logistics management is a part of the supply chain that uses planning and implementation to store and deliver goods and services to the customer. Typically a logistics management system administers inbound and outbound transportation management, warehouse management, fleet management, processing orders, inventory control, managing third-party logistics service providers, and planning supply and demand. It coordinates several critical activities of the supply chain that range from product development to commercialization, such as production planning, sourcing, procurement, packaging, and dispatching. It also involves finding a suitable means to deliver goods and services to the end user.
          Logistics Management Software (LMS) simplifies logistics operations by refining the production cycle and making it easier to access important information quickly. Logistics management software helps businesses manage the various processes in the production cycle, from delivering raw materials to shipping the finished products to the consumers.
          Logistics Management Software Market has witnessed tremendous growth in USD million from 2017 to 2022, with the highest CAGR estimated to reach USD in 2029.
          Source: Industry Research
          Logistics software has become broader in its scope and functionality to deal with a vast array of operations and processes. It shares similarities with supply chain management software (SCMS), which contains tools that help deal with transactions, processes, and suppliers. The functionality of logistics management software extends to areas such as
          Logistics management software can get rid of all the conventional approaches like paperwork and spreadsheets to simplify management. Consequently, logistics will become more refined and fast, changing how materials, goods, freight, sales orders, inventory, and production are managed. It has three variations: warehouse management systems, enterprise resource planning systems, and integrated supply chain management suites.
          Companies with an in-house logistics or supply chain division and third-party logistics providers utilize any of these different versions according to their requirements to efficiently manage their logistical and supply chain operations.

          Key Features of Logistics Management Software

          A logistic and supply management company must have powerful and functional management software to manage its operations, planning, procurement, and distribution of products, data information, and finances. If your company is looking to procure or build a logistic management solution, ensure it includes certain features necessary for the smooth functioning of shipment. Some of the key must-have features of Logistics Management Software include-
          An order management system effectively handles large volumes of online orders. It monitors and tracks all the orders from the time of placing an order till it reaches the delivery point. It manages all the processes like order receiving, scheduling, processing, storage, and shipping and delivery. Some features like automatic scheduling, real-time optimization and tracking, automatic bill generation, managing order status, and multiple payment gateways simplify the order management process for businesses.
          CRM modules store relevant information from customer orders, such as order dates, contact information, cargo status, order estimation, and payment information. This ensures that every transaction is recorded in one place to help logistics managers easily control the flow of inventory and easily look up the associated records whenever needed.
          With proper inventory management, organizations can easily monitor active orders, track shipments, and reorder supplies with real-time sales data and historical trend analysis. Logistics management organizes, tracks, and processes orders as they come in, thereby saving the organization’s time and money by automatically fulfilling orders as they come in and reducing the risk of order errors or fraud.
          Warehouse management helps the owners and managers to monitor their physical warehouses in real time. It uses IoT devices, sensors, and smart storage tools to maintain optimal conditions for the storage and distribution of inventory with minimal human intervention. This translates to faster shipping, lower cost, optimized storage, tracking, and order fulfillment.
          Efficient supply chain management helps to maximize customer value, increase profitability, and achieve sustainable competitive advantage. It manages the transformation of goods from raw materials to finished goods and links the production, shipment, and delivery of goods. The activities involved include discovering optimal sourcing locations, determining the optimal quantity and type of inventory required to meet demand, and identifying the best delivery locations for the products.
          The demand forecasting feature helps organizations to plan inventory and supply based on the increase and decrease in demand. Demand planning tools help analyze a product’s lifecycle based on historical sales data, identify trends, and predict future demand. This feature helps to avoid ordering too much or too little inventory.
          Transportation management capabilities help businesses to plan, execute, and optimize the physical transportation of finished products from warehouses to customers. It helps fleet managers to identify optimal delivery routes, streamline driver assignments, and speed up pickup and delivery operations, thereby minimizing costs. It also helps to predict when their delivery times will be the longest and shortest.
          Modern logistics management software includes a real-time visibility feature to obtain the status of every product and shipment in the supply chain. This allows managers to access real-time information about the location and progress in every stage of the supply chain, helping them make informed decisions about when to order more inventory and stop production.

          Business Benefits of Using Logistics Software

          Proper planning, sourcing, production, delivery, and return are required to improve supply chain performance. Handing these processes to logistics management software provides operational fluency to the supply chain. With logistics management software, a company or 3PL (third-party logistics) provider can avail of the following benefits.

          Refine Transportation

          Transportation is a crucial and vital area in logistics management. It incurs the most fuel, labor, energy, and shipping charges. Using logistics software helps to simplify and reduce the cost incurred in transportation considerably. Logistics management software makes it easy to analyze data and make relevant decisions for lowering costs and maximizing efficiency.

          Faster Delivery

          The logistics and supply chain industry are prone to face several issues affecting delivery and delays. By incorporating logistics software, businesses can rapidly deliver their products to customers. Logistics management software significantly improves delivery time by speeding up the production cycle and choosing a suitable carrier. It ultimately reduces shipping delays to a great extent.

          Minimize Human Errors

          Another notable advantage of implementing logistics management software is minimizing human errors. Manually analyzing large quantities of data is tedious and time-consuming, which leads to flaws. Logistics software simplifies work by quickly processing these data and seamlessly pushing forward the operations with minimal delays.

          Automate Functions

          Process Automation is a tremendous boon of logistics software integration. Logistics software easily automates certain functions like creating shipment routes, load planning, and tendering of loads to carriers. Moreover, it eliminates paperwork, which helps deal with the processes efficiently and timely.

          Reduce Costs

          Logistics software can automatically compare different shipping services, delivery agents, and transportation methods to find the least-pricing ones. The other way logistics software reduces costs is by lowering the expedited shipments through improved shipment planning.

          Customer Support

          Logistics software provides good customer support service tools for all assistance. It provides a platform to centralize all customer support needs. Chatbots, automated alerts, notifications, and virtual assistants improve customer service speed and quality.

          How To Overcome Logistics Challenges with Logistics Software

          The logistics industry is complex and involves a lot of complicated processes and hassles. With the pandemic, businesses were compelled to rely more on logistics management software to pace with changing demands and provide essential items to customers. To address the pressing challenges in logistics management, a modern logistics software solution promises to add increased scalability, speed of delivery, efficiency, and accuracy.

          1 Rising transportation costs

          With the hike in fuel prices, the cost of transporting goods increases substantially. The logistics industry is greatly impacted by the challenge of maintaining low shipping costs for delivering products to customers.
          The route optimization feature in logistics software can help the logistics industry overcome this chaotic challenge. With the right implementation, companies can easily detect the fastest route to deliver goods and save fuel expenses. Hence, this is economical for the logistics company and customers, as they can avoid paying high shipping costs.

          2 Delay in delivery

          Another important problem is the inadequate waiting time for products. Due to climatic conditions, factory shutdowns, port capacity issues, or other disruptive events, delivery of products may be slowed or sometimes comes to a standstill.
          Logistics software makes it easy to automate your delivery processes and increase efficiency. Get timely updates on the movement of products using tracking software or real-time visibility of shipments. This helps to give a bigger picture of when the goods are dispatched, procured, and when they will be delivered. Automation saves your time lost when working manually and provides accurate data and tracking, thereby improving the overall delivery process.

          3 Lack Effective Coordination

          The major problems in the logistics industry creep in from its inconsistency and fragmentation. With multiple parties involved in the logistics supply chain- manufacturers, storekeepers, drivers, managers, and customers, it is difficult to have centralized control over their communication path.
          Such issues can be alleviated by adopting effective communication and real-time visibility software systems that can be integrated directly into the warehouse management system, providing access to partners and clients. This puts everyone in the loop with proper visibility of the various stages in production and distribution.

          4 Meeting the demand surge

          Demand surges or panic buying influences inventory stock levels and customer service satisfaction and can also impact the entire supply chain. Filling the inventory stock on time is a massive operation and requires proper planning.
          Forecast accuracy and automation help get a proper inventory stock overview and meet perpetual demand fluctuations. To fulfill growing delivery volumes and maintain customer satisfaction, logistic software with a digitized system helps to orchestrate these operations effectively and flawlessly.

          5 Warehouse management errors

          Flaws in warehouse management are common such as misplaced products, packing or shipping wrong products, incomplete orders, or damaged items during delivery. Such human errors can become costly when they are not regulated.
          The best way to reduce such mistakes is by leveraging an effective and updated warehouse management system. Logistics companies must invest in modern technologies like artificial and augmented intelligence, advanced analytics, automation, and warehouse robotics to manage their inventory and improve business scalability and competitive edge.
          IoT helps to improve the logistic processes by providing proper visibility in every stage of the supply chain and maintaining inventory efficiency. Integrating an IoT device in the logistics ecosystem enables clear-cut transparency in various operations like real-time visibility of goods, condition monitoring, storage and warehousing, and fleet management.
          Logistics companies use AI to identify patterns in data and churn insights. It helps to advance operations such as intelligent transportation, route optimization, demand forecasting, budget planning, etc. McKinsey reports that AI-driven logistics optimization can reduce costs through real-time forecasts and behavioral coaching. The potential incremental value of AI in the logistics and transportation industry (89%) will be more than other analytics techniques.
          Over the last few decades, innovative logistic robotic companies have worked hard to mesh AI and machine learning, better sensors and response capabilities, warehouse management software, or logistics management software. Recently, warehouse robotics in the supply chain has picked up pace exponentially. There has been colossal funding and investment in the industry. For example, Alibaba invested $15 billion into robotic logistics infrastructure, and Google invested $500 million into automated logistics for JD. It is also estimated that the global market for warehouse robotics in the supply chain will reach a market value of $22.4 billion by the end of 2021.
          In a pandemic-troubled world, contactless delivery is more critical than ever. eCommerce companies and carriers face increasing pressure due to the surge in online shopping. It’s crucial to stay agile by ensuring business continuity. At the same time, it is also vital to remain safe and meet delivery needs. Electronic parcel lockers, contactless parcel delivery and collection, and self-service pick-up automate delivery processes to reduce physical interactions between customers and delivery agents. Custom logistics software applications can help fulfill the increasing demand for last-mile delivery. Fingent helps build healthy tech partnership ecosystems to ensure uninterrupted supply and distribution of your products and services.
          Automating warehouses promises to streamline processes and improve efficiency, speed, and productivity with a considerable reduction in human interventions. Many processes, such as procurement, distribution, customer service, etc., can be automated along a supply chain. The Global Logistics Automation Market size was $50.9 billion in 2020, but its CAGR of 12.4% may grow to $82.3 billion by 2026.
          Blockchain, also known as distributed ledger technology, can record transactions between parties securely and permanently. The shared and secured databases enabled by blockchain help avoid intermediaries and third parties verifying records and coordinating supply chain transactions. Blockchain helps increase the traceability of the material supply chain, improve the credibility and trust of shared data, digitize physical assets like contracts and critical documents, streamline administrative processes, reduce costs, and enable effective auditing of supply chain data.

          Example of blockchain application in logistics: The international logistics giant DHL uses blockchain-based serialization of pharmaceutical drugs and products to ensure that the products come only from legitimate manufacturers, not counterfeit, and are adequately tracked and traced through their journey from origin to consumption.
          The emergence of sensor technologies and AI has contributed heavily to the rapid growth of predictive maintenance in the logistics industry. Supply chain leaders want to utilize data effectively to optimize predictive maintenance, forecast demands, adjust inventory levels, improve cold chain transportation, and protect the integrity of the supply chain. Smart and optimized data management through predictive analytics and AI allow logistics providers to refine and transform the supply chain in the coming years.
          Cloud-integrated logistics management software allows real-time price updates, inventory, and tracking. It enables real-time accuracy and 360-degree management of processes and systems. You can track a product’s lifecycle, from ordering to distribution. It significantly cuts down the costs of lost products, missing deliveries, locating a shipment at any stage of transport, and rerouting a misdirected shipment. Cloud-based logistics software allows everyone in a trade network to communicate and share real-time data, make decisions quickly, and scale on demand.
          Autonomous vehicles enable the delivery of goods without any human intervention. This helps the supply chain respond quickly and more quickly to customer demands. It helps to deliver goods safely and faster while improving vehicle safety and eliminating human errors. It significantly contributes to fuel efficiency, performance, and cost.
          Elastic logistics helps companies upscale or downscale their warehouse operations and resources efficiently in the event of changing demands. It can tackle the challenges of supply chain companies, amending the production lines, including managing space in a warehouse, better inventory management, and distribution of goods without jeopardizing the current working of the facility or incurring higher costs.

          Choosing the Right Logistics Management Software

          With the trends shifting logistics management in a progressive direction, the need for software solutions in the field has become indispensable. Businesses, whether focussing on e-commerce or delivering services, can benefit from having logistics management software. However, the real question is finding the right kind of logistics software since the requirements vary for each business.
          Before settling on software for logistics management, it is vital to understand the daily requirements and challenges a business faces. Carrying out a detailed analysis can help identify deficiencies in the existing logistical operations of a business. Besides that, it can suggest measures to redeem any discovered shortcomings in the cycle.
          There are several essential factors to consider when deciding on logistics management software. Firstly, it should contain a basic set of functions that can aid in simple logistical management operations. Besides that, numerous other things should also be present in the software to tackle the wide base of a business’s logistical operations and processes.
          Here is a checklist of the essentials to look for while choosing logistics management software.
          Refer to the chart below to get a grip on the overall profile of any software logistics management:
          With logistics pushed to the forefront of business operations, leveraging the right technology can make your business compatible with the changing environment.
          Outsourcing to a software development vendor will help deploy scalable software for logistics management into your entire supply chain operations. A global software solutions provider like Fingent can give you the advantage of custom logistics solutions based solely on your requirements.

          Common Business Applications of Logistics Management Software

          #1 Quickly respond to logistics
          RFQs
          Employ automated chatbots
          #2 Identify financial discrepancies in
          invoices
          Use of AI or ML techniques
          #3 Cargo movement &
          collection
          Implement warehouse automation
          #4 Better customer service
          Use of chatbots and virtual assistants
          #5 Demand forecasting
          Employ AI-powered predictive analytics
          #6 Good inventory control
          Adopt an ERP system
          #7 Displaying route information on drivers’ windscreen
          Use of AR or VR devices

          Use Case # 1 Quick Response to logistics RFQs

          Logistic operators must respond quickly to client requests and schedule and process orders. Implementing bots helps respond to RFQs on time and speed up the quotation process with less human intervention. Bots can help provide timely quotations and improve the chances of winning the RFQ. Bots can also support increasing sales because of their 24/7 availability and faster response rate.

          Use Case # 2 Identifying invoice discrepancies

          On many occasions, the invoices have price differences with the order or quantity differences between the receipt of the goods. Such scenarios in the logistics industry can be avoided using artificial intelligence (AI) or machine learning (ML) techniques. AI uses Natural Language Processing (NLP) tools to extract essential data from invoices to identify budget discrepancies.

          Use Case # 3 Displaying route information on drivers’ windscreen

          Logistic companies use AR/VR to transport goods, ensuring the delivery of goods is safe, on time, and effective. A driver traveling with the load would find it easy and convenient to find essential information about traffic jams and alternative routes displayed on the vehicle's windscreen. Or the relevant information can also be shown on a smart glass that can be worn by the driver while driving. Such innovative methods help to save time rather than checking information on a separate gadget.

          Use Case # 4 Cargo collection and movement

          Warehouse automation can automate the movement of goods to and from warehouses with minimal human assistance. Businesses can eliminate repetitive physical work, labor-intensive duties, and manual data entry and analysis. Warehouses can employ robots for tasks like cross-dock transportation and moving cargo from the warehouse to the shipping zone, and automated software can record the movement of that inventory. This helps save upfront costs, from improving operations to minimizing human error.

          Use Case # 5 Delivering Better Customer Service

          Logistic companies must always be prepared to meet customer needs appropriately. Automated customer service or tools like chatbots and virtual assistants can answer customer queries regarding delivery status, consignment location, and delivery time. The logistic system must be automated, bridging gaps between disparate IT systems with quick access to information to provide quality customer service. This helps customer service agents become more productive and fulfill better customer experiences.

          Use Case # 6 Demand forecasting

          Demand forecasting is key to success and growth, which helps identify potential scope for expansions and potential threats. The AI-powered predictive analytics feature in logistic management software supports demand forecasting, which enables companies to predict demand, supply, and pricing within an industry. This feature combines historical data from various sources and helps improve demand forecasting accuracy. It will help companies to stock up sufficient quantities to meet customer demands without having a surplus. Moreover, it helps to organize cash flow better and plan the workforce to boost business efficiency.

          Use Case # 7 Better control of inventory

          An ERP system provides a centralized system to manage the inventory from all corners, with the ability to gather and bring information from different sources into one location, including current requests, inbound and outbound sales, stocks, or delivery status. It helps to streamline various operations and provides an overall picture of the entire logistics system- it tracks the live status of the goods, customer details, customer trends, transportation processes, and more.

          Challenges Faced By Companies Implementing Logistics Software

          Adopting digital technologies is still not as rampant a practice as it should be in the logistics industry. Many key decision-makers in companies link the process with the chaotic deployment of complicated technologies. Logistics companies plan to invest 5% of their revenue per year in digitalization. But the industry’s low profitability makes such funding challenging.
          0 %

          50% of US importers still use spreadsheets to manage their complex international supply chain.

          Adopting logistics management software would mean considering many things, from employee reactions to their impact on customer relations and costs and how they align with the business objectives. Navigating these considerations can be easier said than done, as logistic companies must tackle some serious mindset blocks to go ahead with digital transformation. Some common challenges companies face in implementing logistics management software are
          Fingent enables logistic companies to implement a custom logistic solution that guarantees modernizing traditional business processes and automating mundane tasks to increase efficiency and improve the business’s overall productivity without disrupting the existing system.

          How Custom Logistics Management Software Can Benefit Your Supply Chain

          Like every other industry, there is no one size fits all solution for logistics management, as the requirements vary from business to business. Logistics management software refers to a wide range of technology solutions like order management, transportation management, inventory management, warehouse, operations, and fleet management. Some logistics and transportation companies turn directly to ready-made or off-the-shelf logistics solutions. However, some prefer to choose customizable logistics management software to improve their services.
          Custom logistics management software is tailored just to your business and meets your exact specifications. They provide personalized logistic solutions that focus on fixing not just the general logistic issues faced by businesses but the ones that are specific to your company. These logistics solutions are based on the analysis of your business operations, requirements, and challenges you face, and then provide solutions to those needs.

          Why choose custom logistic software?

          Fingent Builds a Custom Logistic Management Software

          We helped built a custom warehouse management and order processing software to simplify what was once considered complex order processing. It allows customers to place orders quickly and warehouses to track every order with improved efficiency and sophistication.
          A personalized transportation management system lets our customers view their order status in real-time and access up-to-date shipping data.
          It’s time to re-imagined logistics and supply chain operations with customized software solutions.
          Top Benefits of the Solution:

          Transitioning into Cloud-Based SaaS: The Future of Logistics

          Cloud computing is gaining momentum unveiling a whole new way of processing data. Tech innovations have influenced the supply chain and logistics operations. Increased supply chain and logistics solutions adoption will shift from the on-premise model to the SaaS model.
          Predictions estimate that a subscription-based SaaS model will dominate supply chain management in the future. Adopting a cloud-based supply chain solution offers benefits in the form of flexibility, robustness, and affordability. Free and open-source software adoption has made the cloud the primary choice for logistics providers and organizations worldwide.
          Cloud-based SaaS supply chain solutions offer numerous benefits. It gives a comprehensive outlook on logistics operations by making processes more transparent and collaborative. Implementing a cloud system reduces upfront and operating costs. It also offers the ability to scale up with the business needs and enhances supply chain efficiency.

          Bottom Line

          Opting for a logistics solution is one step to simplifying the entire cycle of logistical and supply chain operations. Effective management of each process, from procurement to delivery, requires a custom logistics management solution that can accommodate each provider’s demands. For instance, an organization lacking an in-house logistics department needs a software management tool to wrap around its existing methodology and improve it.
          Businesses can deploy logistics management software tailored to their requirements by partnering with a vendor specializing in software development. Pioneers in custom software development like Fingent can assist companies from wholesalers to distributors to e-commerce with the advantage of custom logistic solutions. Get in touch with us to spearhead your operations swiftly and efficiently.

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            About the Author

            ...
            Vinod Saratchandran

            Vinod has conceptualized and delivered niche mobility products that cater to various domains including logistics, media & non-profits. He leads, mentors & coaches a team of Project Coordinators & Analysts at Fingent.

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              Top 5 benefits of outsourcing software development services

              Software development outsourcing is empowering companies worldwide, including the most successful ones across their journeys. Leading players like Google, WhatsApp, Slack, and Microsoft have ample stories to share on their victorious feats with outsourcing development.

              A study by Technavio reveals that the global IT outsourcing market will flourish at a CAGR of 5% during the period 2020-2024. The demand for outsourcing software development services keeps surging as organizations want to optimize their business processes and align their strategic planning with their operational strategies.

              Outsourcing your IT necessities can be a boon in times of financial and natural adversities because outsourcing companies like Fingent implement business continuity planning and disaster recovery plans to fulfill obligations and deliver services without interruption.

              If your company’s growth is dependent on software, and if you cannot afford your in-house IT team to divert from their core operations, it’s high time to outsource your software development needs. 

              Why software outsourcing is good for your business?

              Facts and testimonies speak the truth!

              More and more businesses today are relying on software outsourcing companies to develop their projects. Working with an outsourcing company will help you mitigate the risks of running a project internally. Outsourcing can compensate for a lack of in-house skills and ensures that your product is delivered on time. 

              At Fingent, we specialize as an offshore software development company. Many of our customers have shared their outsourcing success stories with us. A .NET based SaaS platform developed by Fingent has played a great role in the growth of the property management undertaking – SimpleRent. Here’s what SimpleRent’s founder told us.

              PwC, one of our prominent customers, reports an 80% increase in productivity and a 67% faster ticket resolution rate after Fingent helped them implement a smart ticketing system. Thanks to outsourcing!

              As an outsourcing development company, here are a few reasons why we think outsourcing makes your business more efficient and smarter.

              Related Reading: Points to Consider Before Choosing the Best Software Development Company

              1. Access to the finest talent and latest technology

              Software development outsourcing helps in finding the right talents and minimizing your human-resource problems. If your country has a limited talent pool, outsourcing gives you access to a wider talent pool available anywhere on the globe.

              Technology keeps evolving every day and your business needs to take advantage of its benefits. With outsourcing, you will gain access to new and innovative perspectives and an opportunity to utilize strong and diverse technology expertise.

              2. Outsourcing cuts down your costs

              The biggest benefit of offshore software development undoubtedly is the cost savings. Outsourcing software development companies do not necessarily demand you to make any upfront investments. By contracting work to other companies, you can cut down 70-90% of your labor costs, all while paying your outsourced workforce at competent rates. The cost advantages make your development project more attractive and reduce your overall workload. 

              Adopting a cost-effective engagement model is crucial to the success of outsourcing. We help you choose the right engagement model essential for the creation of your state-of-the-art product. 

              3. Improved flexibility and time management

              When you outsource your work, you don’t have to spend time hiring and training resources. At Fingent, we take care of all the change requirements even when the project sizes vary or resource-related demands scale up. 

              Outsourcing software development services accelerate your time-to-market. With people working around the clock, your competitiveness improves greatly and gives you an edge over your competitors.  

              4. Take your business to the next level with a focused strategy

              To win the technological race, you need to have a focused strategy. Every business needs to align its operational strategy with the changing people, process, and technology. When your software is developed by an outsourcing company, your business processes will be highly streamlined and optimized, allowing you to focus on the core activities that will take your business to the next level.

              5. Managing risks and compliance

              Partnering with a software outsourcing company like Fingent enables you to mitigate the risks associated with handling your project. We follow a high-quality project management system that has been tried, tested and proven across our past as well as ongoing projects. 

              While outsourcing your software development needs, you are setting out to work with a global talent pool. We take care of all the legal compliance-related matters that have to be fulfilled while onboarding offshore resources as well as forging contracts with our clients. This lets you focus on other things that matter. 

              Related Reading: The Pros and Cons of Outsourcing Mobile App Development

              Ready to outsource your software development needs?

              From resource hiring and onboarding to management training and payroll software, several functions can be outsourced by a company. In the age of globalization and technological competition, software development outsourcing is the key to your success. Share your queries and concerns about outsourcing with us. Our consultants can walk you through the best and most affordable solution that works for you. 

              Re-Engineer your Business Processes with Superior Solutions Now!

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                About the Author

                ...
                Bhuvana O G

                Bhuvana is a Senior Content Specialist at Fingent. She loves to research and develop creative and unique content related to technology and marketing. When not involved in full-time writing, you can see her pitching into editing and proof-reading all sorts of marketing collateral crucial for the company's branding.

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                  How DevOps Uses Test Automation Tools to Accelerate Software Development

                  The goal of DevOps is to build faster, effective, and responsive applications by bringing together the development team and the operations team. It is a cultural shift to remove all barriers between Dev and Ops and provide shorter as well as frequent software deliveries, thus enabling organizations to respond in a much agile manner with respect to the constantly changing customer demands and expectations. 

                  In a nutshell, DevOps via effective collaboration, communication, streamlined delivery, and automation of processes will accelerate software development in the following key ways:

                  • Faster time to market
                  • Reduces risks of failures in each release
                  • Enhances error fixing and recovery time
                  • Improves the checking process efficiency
                  • Speeds up the rate of change
                  • Allows managers to make improved and effective trade-off decisions
                  • Enables rapid and continuous feedback
                  • Offers flawless continuity throughout the Software Development Lifecycle

                  Testing in DevOps starts from the very beginning of application development and hence it is important to make sure that the development team and the operations team work closely with each other to ensure continuous integration and prompt delivery by continuous testing and monitoring. 

                  Related Reading: Test Automation Trends to Accelerate Development Cycles in 2020

                  Automation Testing in a DevOps Environment

                  DevOps is categorized into the following 4 processes:

                  1. Continuous Integration
                  2. Continuous Delivery
                  3. Continuous Testing
                  4. Continuous Monitoring

                  The testing teams require to align their test design, automation, as well as test case development along with DevOps to ensure that the frequent changes made have not affected the final product. 

                  Unlike the traditional approach, automation testing in a DevOps environment requires moving test automation scripts to a control tool which is of an enterprise version. This system of centralized enterprise-level testing results in an integrated test suite that offers centralized execution and reporting. 

                  Let us walk through the different ways in which DevOps makes use of test automation tools:

                  How DevOps Uses Test Automation to Speed Up Software Development and Delivery 

                  DevOps testing lays its core focus on test automation within the application’s development pipeline to ensure that by the time the application is deployable, it is done without any further confusion. Some of the popular test automation tools of DevOps are Selenium and Water.

                  Here is a quick rundown on the popular DevOps tools:

                  1. New Relic– New Relic offers an end to end visibility along with improved customer experience and dynamic infrastructure. It also helps the DevOps team to save their time spent in monitoring applications.

                  2. Jenkins – Jenkins is a DevOps automation tool used for checking the execution of redundant tasks. Jenkins is an open-source CI/CD (Continuous Integration/ Continuous Delivery) server that allows users to automate various phases involved in the application delivery pipeline.

                  3. Splunk – This automation tool is used to access machine data. It offers operational effectiveness to both the development as well as the operations teams in DevOps. It offers enterprises the ability to be more productive, competitive, secure, and reliable.

                  4. Selenium – Being the most popular automation testing tool for DevOps, Selenium is designed to meet the specific needs of a wide range of different browsers. It makes use of lesser resources and supports parallel test execution which reduces the overall time required for the testing process. The test cases prepared can be run on any operating system as well.

                  Cucumber, Jasmine, JUnit, and JMeter are other popular test automation tools used by DevOps to accelerate application development and deployment. 

                  Related Reading: How To Measure The Effectiveness Of Your DevOps Program

                  Future of Test Automation in DevOps: Enhancing Application Development

                  With the evolution of continuous testing, DevOps has enhanced its test automation strategies where it is supported by practices such as a test-case design that is risk-based, stateful test data management, service virtualization, as well as seamless integration into the DevOps set of test automation tools. 

                  To get the best out of test automation and to learn how to incorporate test automation tools using DevOps to accelerate your application development and deployment, talk to our experts today.

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                    About the Author

                    ...
                    Sreejith

                    I have been programming since 2000, and professionally since 2007. I currently lead the Open Source team at Fingent as we work on different technology stacks, ranging from the "boring"(read tried and trusted) to the bleeding edge. I like building, tinkering with and breaking things, not necessarily in that order.

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                      Why Clutch Ranks Fingent As The Top Software Development Company In Australia?

                      Over the past 16 years, Fingent has partnered with clients across 4 continents and collaborated with start-up, mid-market, and large enterprises to solve business challenges with the latest custom software development practices. Our core values make us highly attentive to society, peers, family & self, and above all, customers. We are grateful that this client focus is recognized in reviews on Clutch and has enabled us to achieve the position of the leading software developer in Australia.

                      Clutch

                      Clutch is a B2B rating and review platform with thousands of company profiles. Clutch carefully analyzes and evaluates industry data, brand reputation, and most importantly, client testimonials to craft authentic descriptions of development companies and their services. When a company is facing a business challenge, Clutch stands as a directory to browse through and find the right solution provider. Clutch connects businesses with leading performers, who receive industry recognition for their excellent services. When it comes to software development, Fingent ranks as the Top Software Developer in Australia. Here’s a peek into Clutch’s leader matrix, where Fingent stands top on the charts of Market Leaders in comparison to the competing companies.

                      We are extremely thankful to the clients who took the time to share their experiences about Fingent solutions and services on Clutch. Most recently, Sapra & Navarra LLP left us a review on our ongoing development services for their law firm. We were hired by Sapra & Navarra LLP to build a web-based AI machine learning program. Besides receiving 5.0 stars in the Clutch evaluation categories of cost, scheduling, quality, and willingness to refer, Sapra & Navarra LLP appreciated our accessibility and efforts to prioritize being available to answer any questions or concerns. They also applauded our organization, including our robust agendas of maintaining transparency through meetings and conference calls. 

                      Check out a summary of the perfect 5.0 review below! 

                      clutch

                      Once again, we are very grateful to our clients for sharing their positive feedback on Clutch. It inspires us to continue delivering unique, budget-friendly solutions on time. 

                      “We are excited to have been chosen as a top ASP.NET developer and NodeJS developer for 2020 by Clutch.” 

                      – Stephen Cummings, Senior Vice President – Business Development, Fingent

                      If you’re looking for a technology partner who can build a web or mobile app, deploy RPA or AI technology, or provide software consulting, please get in touch! We’d love to discuss your latest project.

                      Stay up to date on what's new

                        About the Author

                        ...
                        Tony Joseph

                        Tony believes in building technology around processes, rather than building processes around technology. He specializes in custom software development, especially in analyzing processes, refining it and then building technology around it.He works with clients on a daily basis to understand and analyze their operational structure, discover (and not invent) key improvement areas and come up with technology solutions to deliver an efficient process.

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                          How AI is bringing change to the software testing practice

                          Artificial Intelligence is penetrating into multiple functions performed by the software industry. In software testing, the technology holds the potential to be a game-changer. Imagine the capability of your software to test and diagnose itself and make self-corrections! This will lead to huge savings on your resources. With this in mind, let’s try and understand exactly how AI will impact the traditional way of software testing. 

                          Before we proceed, let’s get one thing clear – Do we really need AI in software testing?

                          Do We Really Need AI in Software Testing? 

                          Software testing came into existence as a result of the evolution of development methodologies. It fed the need for robust, error-free software products. Testing was a laborious task for sure. However, automating software testing required traceability and versioning, both of which were critical and needed careful consideration. Something was needed to resolve this.

                          As businesses move towards digital transformation and the software market continues to grow, businesses expect a real-time risk assessment across all stages of the software delivery cycle. AI in software testing is the right response to these challenges. AI can develop error-free applications while enabling greater automation in software testing. This helps meet the expanded, critical demands for testing. It improves the quality of engineering and reduces testing time allowing the tester to focus on more important things. The verdict is clear then – We Really Need AI for Software Testing!

                          Five Impressive Ways AI Impacts Software Testing

                          1. Improves object application categorization

                          AI is widely used in object application categorization. When tools and testers are created, unique pre-train controls can be created. Once the hierarchy of the controls is categorized, testers can create a technical map to obtain labels for the different controls. 

                          In the near future, AI will become capable of observing users perform exploratory testing on the testing site. And once user behavior is assessed, it can assign, monitor, and categorize the risk preference.

                          2. Automation of test case writing 

                          Gone are the days of web crawlers. As automation is picking momentum, AI tools have become capable of learning business usage scenarios of test applications. 

                          Related Reading: Unconventional Ways Artificial Intelligence Drives Business Value

                          They can automatically collect insightful data such as HTML pages, screenshots and page loading time and eventually train ML models for expected patterns of the app. And as soon as they are executed, any variations are marked as potential issues. This makes it easier for the tester to find and validate differences and fix issues. 

                          3. Enhanced accuracy

                          To date, source analysis requires human resources to accomplish the task. Unfortunately, because of the enormity of the data, even the best experts could overlook, or miss out on observing certain critical defects. Human error and the tendency to lose focus further impairs the experts involved in software testing. It can be disastrous if bugs caused by these errors are caught by consumers before project stakeholders. Product positioning and brand reputation can be jeopardized. 

                          Thankfully, AI can teach systems to learn source analysis and, in the future, apply this acquired knowledge. This ensures that testers have greatly enhanced accuracy. It eliminates the probability of human error and also shortens the time to run a test and increases the possibility of finding defects or bugs. 

                          4. Automation without the user interface

                          AI-based techniques can be applied for non-functional tests such as performance, security and unit integration. It can also be applied on various application logs which assists in developing auto-scaling capabilities such as bug prediction.

                          AI algorithms can enhance UI testing, predict the next test, determine the outcomes for subjective and complex tests and much more. In other words, AI could increase the overall test coverage while it increases the depth and scope of the test itself.

                          5. Reduces cost and decreases time to market

                          The need for manually repeating a test is time-consuming and extremely expensive. But with AI, such tests can be automated to repeat several times over. Each time the software test is repeated automatically, the source code gets modified to correct any bugs. This eliminates the additional cost of repeating the test and increases the speed of the test from days to hours, which in turn saves more money.

                          Related Reading: Quality Assurance in Software Testing – Past, Present & Future

                          Allow AI to Revolutionize your Business

                          AI has proven to have a significant impact on software testing with its benefits ranging from optimization to extraordinary savings. It enables testers to move beyond the traditional route and dive toward precision-based testing processes. This can prove invaluable to your business. To find out how you can make this happen for your business, contact us

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                            About the Author

                            ...
                            Sreejith

                            I have been programming since 2000, and professionally since 2007. I currently lead the Open Source team at Fingent as we work on different technology stacks, ranging from the "boring"(read tried and trusted) to the bleeding edge. I like building, tinkering with and breaking things, not necessarily in that order.

                            Talk To Our Experts

                              Fingent Receives High Praise from Leading Businesses Around The World!

                              In today’s increasingly digital marketplace, technology is key to gaining a competitive advantage. Of course, with technology advancing at an unprecedented rate, determining how to most effectively deploy the latest technologies is easier said than done.  As a top custom software development company, we build high-quality, cost-effective web and mobile solutions that deploy the newest technologies and meet all of your enterprise needs. 

                              We’re committed to delivering the best quality and customer service — and for that reason, we’re a trusted partner to some of the world’s leading enterprises and businesses. 

                              We know how important it is for potential buyers to peruse client testimonials and understand what it’s like to work with us before signing a contract, and that’s why we’ve partnered with the ratings and reviews platform Clutch.

                              Of more than 300 firms, Clutch ranks us among the top 3 software developers in NY! Clutch determines industry leaders based on market research and client feedback, so we’re immensely grateful to the clients who have left reviews for us. One of our recent reviews was from Wage CALC, a company that provides attorneys and legal professionals with a better way to manage their wage and hour cases with wage & analysis software. 

                              Wage CALC was in need of custom software development services. They were looking for a trustworthy, well-known developer — and they found us on Clutch! Deploying a Microsoft Excel prototype that they’d created, we built their cloud-based app from the ground up.

                              “I’ve had such an excellent experience with them. Fingent exceeded my expectations.” — Founder & CEO, Wage CALC

                              The client was impressed that we were able to break down their complex, formula-heavy prototype. They commended our professional and responsive team and were particularly appreciative of how our SVP helped to streamline communication between our team in India and theirs in California.


                              We received another 5-star review from a large transportation and logistics company that specializes in oil and gas equipment pickup and delivery. There’s a significant technology gap when it comes to processing orders, invoicing, and workflow management within the logistics industry, and we were prepared to change that.

                              We developed an end-to-end transportation management solution. The solution allows customer service representatives to assign vehicles for order pickup and delivery, while drivers can use a mobile version of the solution to send documentation and process tickets and billing. The company’s accounting team also uses the system to do invoicing, collect payments, and close orders. 
                              “The management system is light years ahead of anything else in our industry.” — IT Director, Transporation Company

                              The client appreciated our consistency and availability, along with our team’s impressive knowledge and talent.

                              Meanwhile, The Manifest, Clutch’s partner site listing market experts, ranks us as the #1 custom software development company.

                              Fingent is not just recognized by the Clutch! A few well-known rating sites like the Software World, have also appreciated Fingent for its expertise in software development and technology solutions.

                              Learn more on why Fingent is the most trusted Tech Partner for emerging enterprises, and how our expertise can benefit your business. Contact us today — we offer free consultations! 

                              Stay up to date on what's new

                                About the Author

                                ...
                                Tony Joseph

                                Tony believes in building technology around processes, rather than building processes around technology. He specializes in custom software development, especially in analyzing processes, refining it and then building technology around it.He works with clients on a daily basis to understand and analyze their operational structure, discover (and not invent) key improvement areas and come up with technology solutions to deliver an efficient process.

                                Talk To Our Experts

                                  Turning The Year Of Multi-Cloud Adoption for Enterprises

                                  There has been a lot of hype going on around businesses adopting multi-cloud strategies that make use of public, private, and hybrid cloud services. Businesses, especially the mid-market and enterprise-level industries can utilize multi-cloud strategy as a smart investment by leveraging the benefits of its resilient performance and virtual infrastructure.

                                  A multi-cloud strategy is all about adopting a mixture of IAAS (Infrastructure As A Service) services from multiple cloud providers and sharing workloads among each of these services which are reliable, secure, flexible, and of course cost-effective. 

                                  Why Must Businesses Opt For A Multi-Cloud Strategy?

                                  Businesses can adopt a multi-cloud strategy to acquire an optimal distribution of assets across the user’s cloud-hosting environments. With a multi-cloud strategy, businesses can have access to multiple options such as favorable Service Level Agreement terms and conditions, greater upload speed selection, customizable capacity, cost terms, and many more.

                                  How Can Businesses Make A Multi-Cloud Adoption Decision?

                                  Multi-cloud adoption decisions are based on 3 major considerations:

                                  • Sourcing – Agility can be improved and chances of vendor lock-in can be avoided or minimized by sourcing. This decision can be driven by factors such as performance, data sovereignty, availability, regulatory requirements, and so on.
                                  • Architecture – Architecture is a major decision-driver as many modern applications are mostly of modular fashion that can span multiple cloud providers and obtain services from any number of clouds.
                                  • Governance – Businesses can now standardize policies, procedures, processes, and even share tools that can enable cost governance. By adopting services from multiple cloud providers, enterprises can now ensure operational control, unify administrative processes, and monitor their IT systems more effectively and efficiently.

                                  Better disaster recovery and easier migration are the other key benefits that drive enterprises to adopt multi-cloud strategies.

                                  Related Reading: Cloud Computing Trends To Expect In 2020

                                  Top 7 Reasons To Adopt Multi-Cloud For Your Business

                                  • Ability To Find The Best-In-Class Multi-Cloud Providers

                                  Businesses administrators can bring in the best-in-class cloud hosting providers for each task that best suits their requirements. In a recent survey by Gartner, 81% of respondents said that the multi-cloud approach proved beneficial to them. Businesses are free to make their decisions based on the sourcing, architecture, and governance factors as mentioned above.

                                  • Agility

                                  According to a recent study by RightScale, organizations leverage almost 5 different cloud platforms on average. This figure shows the transformation of enterprises increasingly towards multi-cloud environments. Businesses struggling with legacy IT systems, hardware suppliers, and on-premise structures can benefit from adopting multi-cloud infrastructures to improve agility as well as workload mobility amongst heterogeneous cloud platforms.

                                  • Flexibility And Scalability

                                  With a competent multi-cloud adoption, enterprises can now scale their storage up or down based on their requirements. A multi-cloud environment is a perfect place for the storage of data with proper automation as well as real-time syncing. Based on the requirements of individual data segments, businesses can depend on multiple cloud vendors specifically. For improved scalability, enterprises must focus on achieving the following 4 key factors:

                                  1. A single view of each cloud asset
                                  2. Portable application design
                                  3. The capability to automate and orchestrate across multiple clouds
                                  4. Improved workload placement
                                  •  Network Performance Improvement

                                  With a multi-cloud interconnection, enterprises can now create high-speed, low-latency infrastructures. This helps to reduce the costs associated with integrating clouds with the existing IT system. When businesses extend their networks to multiple providers in this manner, proximity is ensured and low-latency connections are established that in turn improves the application’s response time along with providing the user a better experience. 

                                  • Improved Risk Management

                                  Risk management is a great advantage that multi-cloud strategies can provide businesses with. For instance, consider the case where a vendor has an infrastructure meltdown or an attack. A multi-cloud user can mitigate the risk by switching to another service provider or back up or to a private cloud, immediately. Adopting redundant, independent systems that provide robust authentication features, vulnerability testing as well as API assets consolidation ensure proper risk management. 

                                  • Prevention Of Vendor Lock-In

                                  With a multi-cloud strategy, enterprises can evaluate the benefits, terms, and pitfalls of multiple service providers and can choose the option to switch to another vendor after negotiation and careful validation. Analyzing terms and conditions before signing a partnership with a vendor can prevent vendor lock-in situations.

                                  • Competitive Pricing

                                  Enterprises can choose between the vendors and select the best-suited based on their offerings such as adjustable contracts, flexible payment schemes, the capacity to customize, and many other features.

                                  To learn more about adopting an effective multi-cloud strategy and the benefits it offers, drop us a call and talk to an expert. 

                                  Stay up to date on what's new

                                    About the Author

                                    ...
                                    Sreejith

                                    I have been programming since 2000, and professionally since 2007. I currently lead the Open Source team at Fingent as we work on different technology stacks, ranging from the "boring"(read tried and trusted) to the bleeding edge. I like building, tinkering with and breaking things, not necessarily in that order.

                                    Talk To Our Experts

                                      Every new project in an organization goes through an analysis phase. The information collected during the analysis forms the backbone for critical decisions with regards to the complexity, resources, frameworks, time schedule, cost, etc. Over the years, there have been several techniques to simplify the project analysis phase, but most of them still remain inadequate when considering the accuracy of the outcome. Even clearly defined projects can fall out during the later stages without an accurate analysis methodology in place. 

                                      Mitigation of risk in software projects turns out to be of prime importance. Usually, it starts with delineating precise measurements concerning the scope, performance, duration, quality and other key efficiency metrics of the project. Advanced analysis techniques like Function Point Analysis (FPA) bring a clear picture regarding each of these metrics, chiefly related to the project scope, staffing, cost and time, which helps in the management, control, customization of software development right from its initial planning phases. 

                                      Function Point Analysis is a standardized method used commonly as an estimation technique in software engineering. First defined by Allan J. Albrecht in 1979 at IBM, Function Point Analysis, has since then underwent several modifications, mainly by the International Function Point Users Group (IFPUG).  

                                      What is Function Point Analysis?

                                      In simple words, FPA is a technique used to measure software requirements based on the different functions that the requirement can be split into. Each function is assigned with some points based on the FPA rules and then these points are summarized using the FPA formula. The final figure shows the total man-hours required to achieve the complete requirement.  

                                      Components of Function Point Analysis

                                      Based on the interaction of the system components internally and with external users, applications, etc they are categorized into five types:

                                      • External Inputs (EI): This is the process of capturing inputs from users like control information or business information and store it as internal/external logic database files.
                                      • External Outputs (EO): This is the process of sending out data to external users or systems. The data might be directly grabbed from database files or might undergo some system-level processing.
                                      • Inquiries (EQ): This process includes both input and output components. The data is then processed to extract relevant information from internal/external database files.
                                      • Internal Logic File (ILF): This is the set of data present within the system. The majority of the data will be interrelated and are captured via the inputs received from the external sources.
                                      • External Logic File (ELF): This is the set of data from external resources or external applications. The majority of the data from the external resource is used by the system for reference purposes.

                                      Source: https://bit.ly/2N2KFhy

                                      Below are some abbreviations which need to be understood to know the logic in-depth:

                                      Data Element Type (DET): This can be defined as a single, unique, non-repetitive data field. 

                                      Record Element Type (RET): This can be defined as a group of DETs. In a more generic way, we can call this a table of data fields.

                                      File Type Referenced (FTR): This can be defined as a file type referenced by a transaction (Input/Output/Inquiry). This can be either an Internal logic file or an external interface file. 

                                      Based on the number of  DETs and RETs, all the five components of FPA are classified into High, Average and Low complexity based on the below table.

                                      For Internal Logical Files

                                      And based on the complexity, the FPA points are calculated

                                      For External Logical Files

                                      And based on the complexity, the FPA points are calculated

                                      For External Input Transactions

                                      As the External input is a Transactional type, the complexity is judged based on FTR instead of RET.

                                      And based on the complexity, the FPA points are calculated

                                      For External Output Transactions

                                      As External Output is a Transactional type the complexity is judged based on FTR instead of RET.

                                      And based on the complexity, the FPA points are calculated

                                      For Inquiries

                                      As Inquiries is a Transactional type the complexity is judged based on FTR instead of RET.

                                      And based on the complexity, the FPA points are calculated

                                      As we now have the reference chart to find the complexity of each variety of functions discovered in the system and that we also have the Points that should be assigned based on the complexity of each component. We can now look into the calculation.

                                      Steps to Count the Function Points

                                      Below are the steps used in counting the function points of a system.

                                      1. Type of count: The very first step of this process is to determine the type of function count. There are 3 types of function point (FP) count. 

                                      • Development Project FP Count: This measures the functions that are directly involved in the development of the final system. This would include all the phases of the project from requirements gathering to the first installation.
                                      • Enhancement Project FP Count: This measures the functions involved in the modifications brought in the system. That is the changes made to the system after production.
                                      • Application FP count: This measures the functions involved in the final deliverable excluding the effort of already existing functions that may have existed.

                                      2. Scope and Boundary of the Count: In the second step, the scope and boundary of the functions are identified. Boundary indicates the border between the application being measured and the external applications. Scope can be decided with the help of data screens, reports, and files.

                                      3. Unadjusted Function Point Count: This is the main step of this process where all the function points produced from the above FPA components (External Inputs, External Output, Internal Logic files, External Logic files, Inquiries) are added together and labeled as unadjusted function point count.

                                      4. Value Adjustment Factor: In this step the value adjustment factor is determined. VAF contains 14 General system characteristics(GSC) of the system or application that defines the types of application characteristics and is rated on a scale of 0 to 5. The sum of all the 14 GSC rates are calculated to give out a mathematical value and is labeled as Total Degree Influence(TDI). TDI is used in the calculation of VAF and its value may vary from 0 to 35.

                                      Below are the 14 GSCs listed and the mathematical formula for calculating the VAF.

                                      • Data communications
                                      • Distributed data processing
                                      • Performance
                                      • Heavily used configuration
                                      • Transaction rate
                                      • On-Line data entry
                                      • End-user efficiency
                                      • On-Line update
                                      • Complex processing
                                      • Reusability
                                      • Installation ease
                                      • Operational ease
                                      • Facilitate change
                                      • Multiple sites

                                      Once the unadjusted function point and value adjustment factor is calculated, the Adjusted Functional point count is found out using the two values. This is done with the help of the following formula. 

                                      The Adjusted FPC is then multiplied with a numeric value, which is the effort based on the technology. Some of the examples are below.

                                      If the technology selected for a particular requirement is Java, then the formula to calculate the final hours are as follows:

                                      FPC = (Non-adjusted FPC*VAF) * 10.6

                                      This will give the total hours of effort required to achieve the requirement under analysis.

                                      Merits of Function Point Analysis

                                      • FPA measures the size of the solution instead of the size of the problem
                                      • It helps in estimating overall project costs, schedule, and effort
                                      • It is independent of technology/programming language
                                      • It helps in the estimation of testing projects
                                      • FPA gives clarity in contract negotiations as it provides a method of easier communication with business groups

                                      Related Read: Quality Assurance in Software Testing – Past, Present & Future

                                      References

                                       

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                                        About the Author

                                        ...
                                        parvathy

                                        With over 8 years of experience in the IT industry, Parvathi clearly understands the strategic business process modeling, traceability, and quality management techniques. She is working as a Project Coordinator and business analyst in Fingent and majorly deals with processing requirements to create conceptual prototypes and mock-ups. Her key interests revolve around working on technical solutions for business problems and translate customer needs into new products.

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