Sound advice from the folks at Trizle
You have two choices:
- Option A: Build a state-of-the-art, custom-built enterprise system that integrates the works (e.g. CRM, ERP, EAM, SCM, wiki, etc.).
- Option B: Get something up quickly. Combine many smaller pieces of independent applications, and have them communicate with each other (e.g. through their APIs, etc.).
Mr. Techno-Wizzo tells you:
Option A:
- takes frickin' long to build (years, if ever)
- has a humongous chance for failure
- its modules become obsolete quickly
- you drain revenues fast while it's under development
- painful to tweak things as your business changes
- if you ever finish, you'll probably outgrow many of its features
Option B:
- quick, and flexible — can get something up freakishly soon
- causes slight dents to your cashflow, as you get an application module up quickly to use
- allows you to use best-of-class for every included application
- interchangeable (e.g. a state-of-the-art applications can be integrated into the system easily and continuously)
Option B = winner! Yay! Yay! Yay!
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During her time at Glenbrook, Erin focused on client engagements in business payments, cross-border transactions, bill payment, and the intersection of corporate finance, banking, and ERP/accounting. She has nearly twenty years of experience leading increasingly complex payment initiatives for corporate clients and advising financial institutions and payment technologists on the development of their payment capabilities.
Erin is also the founder of Forte Financial, a consulting firm focused on corporate finance efficiency, technology, and process improvement. She is a past president of the Financial Women’s Association of San Francisco and also a two-term past president of the San Francisco Treasury Management Association. Erin is no longer with Glenbrook, but contributed greatly during her time at the firm.