Month: June 2020

What makes ASP.NET Core the Best Choice for Ultra-Advanced Banking or Finance Web Solution?

Posted on by stridely

Digitization is everywhere. In fact, it has been since the last decade. If this is so, why is it that people are now talking more and more about this? For example, the banking and finance sector wants fully-automated and digitized solutions to serve their customers these days.

If digitization isn’t a new term, then why such a fuss?

The truth lies in the fact that regardless of the prevalence of technology solutions, people across the globe haven’t adopted them. It is now, posts the COVID-19 crisis that they are forced to embrace the change and do it quickly.

The coronavirus pandemic has disrupted the lives of all making the shift from being traditional to going digital, mandatory. Nearly every industry has been impacted and the banking sector is no exception.

A sneak peek: Changes in Banking Industry

Banking and the financial sector are rapidly embracing the digital platform to take the services online. Whether it is about opening an account to initiating a payment, transferring money or paying bills, everything today is accessible at your fingertip.

Wondering why?

The banking industry is one of the most important sectors and requires a significant level of flexibility and agility. They must provide users with an extent of satisfaction. With the advancement in technologies, customers are looking for a transparent platform with the added ease of making transactions. And it is only when the industry migrates to digital channels can they meet the rising demands of the customers.

ASP.NET Core: Building Your Next-generation Financial Apps

Now that you have an answer to why the banking industry needs to create an online presence, next, is how?

Though there is a multitude of platforms facilitating the creation of compelling web applications, the one that is most talked about is ASP.NET Core.

ASP.NET Core is an open-source web framework with unmapped capabilities of creating feature-rich web applications. As the banking industry advances towards the adoption of Fintech, it is important to gear up for the change and go mobile. The industry needs to have an online presence, one that can map the expectations of the customers while adhering to the requirements of the change.

And ASP.NET Core offers exactly the same. It has a modular approach and can work on all platforms irrespective of its operating system.

Features of ASP.NET Core

Are you skeptical about the choice of technology?

Here are a few features that will help you clear the clutter and understand why ASP.NET Core is the ideal fit.

  • Multi-platform Capabilities

    The first and the most important feature of ASP.NET Core is the ability to run on all platforms. Whether you wish to target the Android platform or focus on the iOS, a web application, or a Linux feature, .NET Core will allow you to create an application that can run over all.

    Read more: What’s new in .Net core 3.0?

    Further, if you are planning to get an app developed, you can employ vibrant shades of technologies. Where the docker platform helps utilize the platform as a service, Microsoft Azure enables developers to take their applications to cloud, test and deploy.

  • API Integration

    With ASP.NET Core as the development platform for your application, API integrations become an easy task. Though one can always move ahead with the MVC framework, when looking to build technically sound applications with an excellent interface and guided features, ASP.NET Core leads the race. It allows developers to embed abstract classes and build exceptional web apps

  • Performance Enhancement

    Banking operations are sensitive and any interruption might lead to huge losses. Hence, it is important to be sure about the performance of the application. Another issue related to the banking applications is pertinent with the payment gateways as it needs seamless loading. This is where the concept of ASP.NET Core peeps in.

    Known to build cost-cutting and performance rich applications, ASP.NET Core offers high-speed response rate, and the fact that it uses microservices, the functionality is far better than other frameworks.

  • Real-time Push Notification

    Another fascinating feature is the push notifications passed on both the client-side and server-side at the same and in real-time. It allows bidirectional communication and promotes the transmission of asynchronous messages or updates to the client-side of the application.

  • End To End Security

    Security is one of the long-standing concerns of the banking sector. Any mishap and one can lose millions of dollars and so, it is important to ensure that the adopted system is hack-free and security-proof. CSRF is a common form of cyberattack where the intruders gain access to vulnerable site-blocking further interactions.

    Don’t worry, with ASP.NET Core, you will never have to worry about the same. ASP.NET MVC makes use of anti-forgery tokens to keep the intruders and the hackers away from the web application. These are also referred to as the request verification tokens, adding significant security within the application.

Stridely Solutions: Your ASP.NET Core Development Partner

Building a solution is not just about technology but also about the team. No matter how robust the framework is, if not implemented in the right manner, it renders no benefit.

Stridely Solution is a leader in the domain. With strategically planned solutions and a laser-focused approach, we take pride in delivering mission-critical web applications for the banking and finance industry. We have a team of skilled developers and tech-savvy professionals who excel in building topnotch quality applications. We ensure an end to end integration, support, and development solutions helping you transform your business and embark on the journey of digital growth.

Conclusion

It is no doubt that the banking industry is undergoing a massive change and in order to sustain in the competition, it is imperative that they walk along with the change and embed the necessary solutions. Building web applications and shifting the services online is the best that can be done to scale growth. However, given the competition, the banking industry needs to be cautious about the type of application, features, and performance. And so, ASP.NET Core emerges to be the best fit.

 

Digital Transformation and SAP S/4 HANA – All that you need in this swiftly-changing and competitive world

Posted on by stridely

If you are one of those tech-savvy business professionals or the entrepreneur fascinated by the digital transformation, you might have surely heard about SAP S/4 HANA. It is the recent addition in the SAP family offering the ease to re-imagine business and contribute towards the success of the same.

Probably, this is one of the reasons why more and more organizations are actively jumping on the SAP bandwagon. The technology has created a shift in the way businesses operate. Businesses now walk along with the needs of the customers serving them at the right point with the right product/service inducing an agile workspace.

For organizations that are skeptical about the implementation of the technology and find it a bad move, your business is soon to turn obsolete. The ideal face of doing business is changing and so do the methods adopted. Hopping on-board and embracing the change is the only thing that will help you and your business survive the competition.

Still not sure if your business needs SAP S/4 HANA?

This article will take you down the road highlighting the transformation created by SAP S/4 HANA and then you can decide whether or not, your organization needs to roll out the same.

SAP S/4 HANA: The New Normal For Every Business

Digitization is on the roll and business enterprises are struggling to integrate next-generation technologies. From the internet of things to artificial intelligence, automation, and data-driven reasoning, businesses need to adapt themselves and embrace the above. Doing all of this in a standalone environment isn’t possible and this is where SAP S/4 HANA comes to rescue.

SAP S/4 HANA is an all-in-one integrated platform that provides a unified view of all business operations, operating in a digital environment. The tool incorporates all sorts of innovation giving you the ease to leverage from the technology without having to worry about the implementation and the integration process.

Advantages of Embedding SAP S/4 HANA within Your Workforce

  • Flexible Business Operations

    The first and the most important benefit of implementing SAP S/4 HANA is the ease provided to perform different business activities. SAP incorporates a range of activities such as planning, reporting, execution, and analytics depending upon the data and the information fed. This leads to providing real-time insights which further results in building customer-centric applications.

  • Greater Customer Value

    Imagine a scenario where the business offers services that solve a particular problem. With thousands of customers seeking solutions, understanding the need of each one of them is not feasible when done manually. The SAP S/4 HANA platform allows you to have a customer-specific view and be relevant in terms of your offerings. This increases the customer value provided by your business.

  • Real-time Information

    SAP S/4 HANA is rich in modern technologies. It employs tools rich in AI processing that can scrap data, turn them into valuable information, and then provide significant insights. With bots and automation in place, SAP S/4 HANA can successfully create an environment where your organization can make better and sound decisions, all driven through user data.

  • Agility

    A term that you might have heard plenty of times. The fact that the end-user interface of SAP S/4 HANA is purely based on SAP Fiori, the results drawn by the software can be renditioned on any or every mobile device. This not only speeds up the pace at which innovation and execution are carried out within the organization but also emerges as a laudable benefit for all.

  • Rich Repository of Technologies

    What’s best about the platform is the ease with which business organizations can tap on the potential of revolutionary technologies. From IoT to RPA, ML, and AI, SAP S/4 HANA is equipped in all.

Will SAP S/4 HANA Redefine Your Business Offerings?

SAP S/4 HANA is the game-changer. It helps business organizations build relationships with the customers by understanding their needs and providing them with the ideal service.

Importance of Having a Digital Presence

Today we thrive in a digitally connected and tech-driven era. Gone are the days when your business was recognized as the commodity seller. People are now looking for something more personalized and this is possible only when you have a digital presence. With a digital copy of your business, you initiate a conversation with the buyer, accounting for the creation of long term relationships. SAP S/4 HANA gives the flexibility to remain connected with the customers digitally generating the much-needed value proposition.

What do you think? Is your organization missing this or is there a digital divide within that needs to be filled to create a revenue-driven economy?

Here are five ways you can still catch up on the race and create a difference.

  • Put Design into Thinking: Now is the time when you need to re-engineer your targets. To begin, you would first need to define your value proposition. What is your end goal and where do you see yourself in the value chain?
  • Create A Roadmap: The next thing is to outline your needs in terms of business architecture. Map out your current standings and then sketch out your future undertakings.
  • Identify Where To Start: The next and the most important thing is to find your starting point. Good that you are ready to embrace the change but from where? Its always better to segment your goals into smaller parts, work on one, achieve the same and then scale.
  • Do not be IT Dependent: SAP S/4 HANA is not only for your IT department. It is a collaborative tool and should be part of your entire organization.
  • Specify The End-Architecture: Finally, layout the exact result that you wish to achieve. What would your end state look alike?

Conclusion

Once you have done all of the above, you are now all set to embark on the transformation journey. Remember one thing – SAP S/4 HANA is not a one-size-fits-all solution. It is dynamic and so should your approach towards the same. If done effectively, your business is soon to turn into a goldmine for customers. Hence, tread cautiously.

 

Natural Language Processing for Manufacturing Industry

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Gone are the days when data was considered to be a scrap sitting in your hard drive or maybe the file room, waiting to be disposed of. There has been a dramatic shift from the information age to something that we call as the experience age.

Today, business is more about identifying what a segment of customers expects by assessing past experiences. Decisions are more than factual predictions but based on real-time information. And all of this is hidden behind those hefty, unwanted, and unstructured data. A recent survey highlights the copious amount of data that would flood the industry, 463 exabytes each day to be precise.

But how do we put this data to use??

This is where we get to introduce the concept of Natural Language Processing. And what is that?

Ever used Apple Siri or Microsoft Cortona? Maybe the autotype feature? How about the voice to text option?

That’s what NLP is all about.

Defining NLP: Natural Language Processing

Better known as the subset of Artificial Intelligence, natural language processing is a fascinating algorithm that bridges the gap between humans and computers. It helps the computer to understand human language and then act in the most suitable way.

The core working of NLP begins with identifying the key elements of instruction, extract relevant information, and then process the same enabling machines to act in the desired way. Traditionally, computers or machines do not possess the intelligence to decrypt human language. However, with the intrusion of NLP, they can now understand the expressions and even emulate human behavior.

In addition to the above, NLP accelerates the speed of operation cutting down the response time. Not sure how?

Let’s understand this through an example:

Consider a manufacturing company that has multiple machines working to produce and manufacture goods. They have a data scientist that keeps tracks of all the machine readings, identifying gaps, and then providing reports on the operability of the same. Now, this is ideally a time-consuming process and it might so happen that by the time, the management views the report, an accident has already occurred.

On the other hand, imagine having a Robot with sensors fitted within. This will help the management to remotely access the machinery and keep track of its operation. Any change in the machine can be detected through the runtime and performance of the same. If at all, the team detects an error, they can schedule a repair preventing further damage.

With NLP, manufacturing industries can cut out the middleman while effectively creating a digitally sound infrastructure.

Yet this is just one instance of NLP in the manufacturing industry and the technology has a lot more to offer than just predictive reasoning.

Here are a few examples that will help you understand the notion better.

Implementing NLP in Manufacturing Industry

  • Process Automation:

    NLP works in tandem with artificial intelligence to act and behave like humans. This enables leaders to embed automation within their workforce. Whether it is about processing paperwork or performing a routine analysis, NLP tools are ideally rich in all the features needed to get the process going without any human intervention. The tools or the algorithms are so designed that they can, without fail, scrutinize the current scenario and act accordingly.

    For instance, if the algorithm is programmed to monitor the temperature within the factory, it would automatically send an alert to the desired person as soon as the reading exceeds the given value.

  • Inventory Management:

    Natural Language Processing is all about processing huge chunks of data, analyzing data, and then laying up insights for better decision making. However, this is not the end. The tools are designed for total automation. Meaning that they can not only detect and notify information but also take the step forward to act just like humans.

    Consider, for example, you have installed sensors with the warehouse which is further connected with the NLP tools. The data is collected from the sensors about the production, the goods in hand, and the amount sold. Based on this, the tool can analyze if the inventory is surplus or whether they would need more goods to meet the demands in the upcoming days.

    If it appears that there is a shortage of goods or the company is more likely to witness a greater demand, the tool would notify the manufacturing department about the same, fostering the process of production.

  • Emotional Mapping:

    Another fascinating impact of embedding Natural Language Processing in manufacturing is learning about customer expectations. Selling products to customers is a one-time thing. In order to build a longer relationship, it is important to know what your customer expects and what their experiences after buying the products.

    NLP has this ability to understand and track the emotions of the customers, helping know one better. The fun fact being when you are aware of the experiences, you can better assist your customers, streamline the selling process, and pitch products better. All of this aids an improved selling cycle accounting for growth and higher ROI.

  • Operation Optimization:

    Lastly, NLP tools are equipped in algorithms that can trace the performance of equipment, notifying if one is not 100% efficient. Such information enables real-time monitoring of the machinery and taking significant measures to improve the operability of the system. Not to mention the fact that when all the equipment are performing at their best, the end to end productivity is increased. Natural Language Processing also keeps an eye on the different operations ensuring better and smarter results.

Conclusion

True that incorporation of the NLP within the manufacturing industry seems appealing and beneficial. However, using the same isn’t easy and requires a great deal of training. Further, one needs to have the appropriate interface to integrate the system within the infrastructure. Once done, the team then needs to be cautious about which data to use and how. Implementing NLP in manufacturing can transform the sector and for the good, but only when done in the right way.

 

An all-inclusive View of Dynamics 365 and how it helps in Boosting Digital Selling

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Digitization has taken the entire business space by storm. More and more organizations are actively marching towards the adoption of digital tools and technologies to streamline their business operations and target their sales better. Keeping this as the core, there has been a massive influx of technologies that guide the process. And one of these is Microsoft Dynamics 365.

In the simplest form, Microsoft Dynamics 365 is an entire suite of software applications designed to align business operations. To put it this way, Dynamics 365 is an intelligent tool that helps organizations operate better and faster.

Microsoft Digital Sales harnessed the power of AI to analyse thousands of hours of call conversations automatically for actionable insights. Sellers now get concrete guidance on the topics, tone, and techniques to use for more effective conversations.

But why all of the fuss around the technology?

  • Dynamic 365 Is Purpose-Specific:

    Microsoft Dynamics 365 is designed keeping in mind the scalability needs of an organization. Viewing the entire suite of applications offered by the same, you might be surprised to see it has specific models. For instead, one is for the sales department, second deals with marketing needs, the third is related to financial services and so on.

    This gives organizations the ability to buy products as and when needed. In short, organizations can scale as per their requirements without being burdened monetarily.

    Read more: https://medium.com/@stridelysolutions/improve-your-customer-intelligence-with-dynamics-365-a-perfect-way-to-boost-sales-e4cd94a26a51

  • Dynamics 365 is adaptable:

    Dynamics 365 is primarily a group of applications tailored to serve business needs. Now suppose that you have planned out a marketing strategy and need to churn out data from the platform to integrate the same with other tools such as Microsoft Power Apps or Microsoft Automate. Unlike other enterprise-level software, dynamic 365 is compatible with all and can seamlessly integrate to come up with better insights.

  • Dynamics 365 Is Intelligent:

    The last pointer is about the intelligence of the platform. Backed by the technology of artificial intelligence, dynamics 365 has the potential to work upon data, study and analyze it to come up with real-time information leading to smart decisions.

Impact of Microsoft Dynamics 365 In Sales & Marketing

Talking about the business impact of Dynamics 365, organizations have had an experienced massive transformation in terms of lead generation and conversions. Clubbing the above-mentioned three factors, Microsoft Dynamics 365 provides a 360° view of the data uncovering significant insights that further facilitate accelerated selling.

Components of the Microsoft Dynamics tool can work both in the standalone environment and in collaboration with each other. What this implies is that the different software can integrate to unify the process and render optimal results.

There are three typical applications that drive in and out of the sales process.

  • Dynamics 365 For Sales:

    The Dynamics 365 for the Sales module aim at redefining their buyer’s journey. The tool is backed by top technologies and AI-led Intelligence enabling your sales team to go beyond just selling. It helps you build trust and provide a unique buying experience.

    Knowing who your ideal prospects helps in customized pitching and targeting the right customers. This not only saves a lot of time but also increases the possibility of conversion. Additionally, with Dynamics 365, the sales team can effectively automate their everyday task, freeing up manual resources who can then work on important things.

  • Dynamics 365 For Marketing:

    When it comes to selling, it is not just the sales team that needs to be on the run. Marketing precedes selling. Unlike, other tools that mandate extracting data from the marketing tool and then integrating it with the sales, Microsoft Dynamics 365 gives the flexibility to collaborate the two and work as a single unit.

    Dynamics 365 for marketing can easily share data from Dynamics 365 for selling and then use this data to come up with insights that further drive decisions. Data shared is processed and analyzed to shed light on the buying pattern of the user, along with highlighting the factors that influence the buying decision.

  • Dynamics 365 For Customer Insights:

    The last component here is the D365 for customer insights. This tool can be seamlessly correlated with the dynamic 365 for sales and dynamic 365 for marketing. What this does is extracts meaningful data from the two and then generate reports and presentations showcasing customer behavior.

    In other words, this tool unifies data from across all channels and platforms to provide a single, integrated view of customers’ data. In addition to the above, the Dynamic 365 for customer insights is equipped in AI technology that further assesses customer profile rendering significant information about them. Such data is helpful when pitching products to clients and increases the conversion percentage.

How Dynamics 365 Boost The Selling Process?

Having said all of the above, we now integrate the benefits and see how dynamic 365 accelerates digital selling.

  • Nurture Sales-ready Prospects :

    Dynamic 365 is an integrated and smart tool. The fact that everything here is automated, Sales representatives have the ease to nurture leads that have an inclination towards purchase. The Dynamics 365 for Marketing together with Dynamic 365 for Customer Insights helps segment customers based on their preferences and purchase patterns.

    It further sorts out customers, popping names of the prospects that are Sales-ready.

  • Personalize buyer experiences:

    With Dynamics 365 for customer Insights, knowing what segment of customers prefer a particular product is apparently easy. Sales representatives can leverage this information to build personalized marketing campaigns and pitch products to the right customers. Not to mention that pitching the right product to the ideal user scales selling figures.

  • 360° View Of Data:

    What makes dynamic 365 an engine of digital selling is its ability to unify data from multiple platforms and build a consolidated view of the same. This further provides significant insights about the customers which otherwise remains hidden behind data. Microsoft Dynamics 365 has previously built connectors that work to consistently integrate data. This helps make data-driven decisions accelerating the rate of engagement and conversion.

Conclusion

From targeting customers to pitching products and initiating sales, Microsoft Dynamics 365 is a one-stop-shop solution for all your selling needs. The beauty of the tool lies in the intelligence it has, leading to all-round automation.

 

 

How to Utilize Business Process Services and Staff Augmentation Services in Sudden Business Outage Situations Efficiently?

Posted on by stridely

Have you ever wondered what would happen if all of sudden you experience a business outage? Do you have a plan B in mind? If not, the time has come when you need to reconsider your business strategies and devise a plan that will help you sail through the hurdles.

Business outages have serious repercussions and can cause tremendous damage both temporarily and for the long-term. From falling revenue rates to loss in sales, business, and labor, outages are outrageously disruptive.

This is where the concept of Business process services comes in.

Business Process Services: Digital Divide

Outsourcing your IT management services isn’t something new and has been part of the industry for long. However, the fact that technologies have evolved over time, the ongoing solutions provided by BPOs aren’t at the best of their terms.

In fact, there exists a significant gap between what one offers and what the customer expects.

  • Finding the right service provider: The scope of business processes is dramatically huge. Escaping the web isn’t easy and at times, it so happens that one fails to find the appropriate solution, a team with significant skillset.
  • Communication Gap: Being geographically separated and operating in different time zones, the BPO industry experiences huge significant drawbacks with respect to the communication. Collaboration again suffers from offline interaction.

While there could be more to the list, one question that arises here is, whether the mass adoption of BPO is ideal and if yes, is it benefiting the industry?

Business Process Services: Key to Sustain Business Outages

Business Process Services are the supporting services to organizations and industries seeking to augment the same. In situations, when the native office is forced to temporarily shut down its business operations, organizations offering Business Process Services can take over the activities and work on them ensuring business continuity. The services offered aren’t limited to a domain or department. Business Process Services includes an array of solutions from financial management to accounting, customer support, and software development.

Consider for example your company offers customer support issues, one that is the same as that of a call center. In case there has been a sudden outbreak of fire or any issue leading to the business outage, you can outsource your requirements and enable BPS solution providers to work on behalf of you. This way all your customers receive uninterrupted services and your business remains functional despite being bogged down by an unplanned outage.

And Business Process Services isn’t only for unexpected situations. In case you have a constant influx of calls and requests, you can outsource the spike to these outsourcing units adding efficiency to your business processes. Why burden your workforce when you can seamlessly share and distribute the workload. This way you not only step on the path of better customer service but also experience work quality.

Deploying Cloud Team

Another way to deal with business outages is to invest in staff augmentation. Often it so happens that you have distributed teams working on different projects. Maybe an IT organization that serves the purpose of designing and developing technology-rich software has to shut down its workspace.

Even though the office isn’t running its everyday chores, the work must not stop and it is your cloud teams that can come to rescue. At times, when your organization is short of ideal resources to continue on a project, augmenting a cloud team seems the best fit. They possess both the knowledge and expertise to level up the software requirements and help deploy significant solutions to build the software.

In case you don’t have one in place, it is never too late to augment a dedicated team. And the best way to do this is by consulting your IT staff before you conduct the hiring spree.

Finding the ideal team for staff augmentation?

Well, you don’t have to switch between companies or scour the web to find a legitimate and reliable business process outsourcing company. We at Stridely Solutions are here, happy to help. As one of the leading companies, we offer end-to-end IT infrastructure management and financial accounting services. We help organizations rev up their profits and embark on the journey of success by outsourcing their core business processes to us.

Stridely Solutions has a team of experts and skilled engineers that work tirelessly to help companies deal with business outages.

Finance and Managed IT Services

As per a report by Dunn & Bradstreet, 59% of Fortune 500 companies face a downtime of at least 1.6 hours every week. And as the estimates say, a single hour downtime costs $8000-$700,000, depending upon the size and type of business. Given such huge figures, strategizing on alternatives would be a smart approach.

One that we recommend is Business Process Services and staffing. Momentary disruptions are a common thing and every business is prone to the onset of the same. Under such a situation, business process outsourcing emerges as the clear winner. The fact that they are geographically dispersed, the on-premise business outage has no effect on their systems and can continue working without any disruptions.

Conclusion

True, that for any organization, it is the customer experience that matters the most. However, if a business cannot perform business operations, the goal of satisfying customer expectations turn futile.

What we mean to say is that for an organization to succeed and attain a higher profit margin, there must be a smooth workflow, a healthy workforce, and a robust system.

While you must have everything in place, unplanned and sudden outages are an exception that can disrupt the overall business functionality. Keeping this as the core, we recommend having alternative strategies in place to keep up with the changing dynamics of the business and hence, Business Process Services.

But here again, one must be peculiar in the looking for service providers to bridge the gap between expectations and offerings. For the service providers, its time to rethink on their strategies and re-engineer their methods adopted to scale their services and incentivize operations.