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Exist Software Labs Strengthens IT-BPM Synergies at the Business Mission to Japan

Exist Software Labs Strengthens IT-BPM Synergies at the Business Mission to Japan 1600 900 Exist Software Labs

Exist Software Labs proudly participated in the Business Mission to Japan: Strengthening IT-BPM Synergies Between the Philippines and Japan’, which took place from October 22-25, 2024. This initiative, organized by the IT & Business Process Association of the Philippines (IBPAP) alongside key Philippine organizations, aimed to deepen the ties between the Philippines and Japan within the Information Technology – Business Process Management (IT-BPM)  sector. 

The event provided an excellent platform for us to engage with various stakeholders, including business leaders, industry experts, and government representatives. Through these interactions, we explored new opportunities for collaboration that align with our vision of leveraging technology and innovation  to create impactful solutions on a global scale.

A Milestone for Philippine-Japan Business Relations

The trade mission served as a crucial step in bolstering economic cooperation between the Philippines and Japan, focusing on how both countries can leverage their strengths to foster growth in the IT-BPM sector. During the four-day event, delegates Michael Lim, Jonas Lim, Willex Perez and Christopher Silero  from Exist Software Labs joined industry peers in a series of presentations, networking events, and site visits designed to highlight the synergies between the two nations. 

With Japan’s strong demand for digital transformation and the Philippines’ growing reputation as a global outsourcing hub, this mission enabled us to showcase our capabilities in providing high-quality software development, digital transformation solutions, offshore outsourcing, and staff augmentation services. Our participation reinforced our commitment to expanding our presence in Japan, delivering cost-effective offshore solutions, and strengthening our partnerships in the region.

Highlights of the Business Mission

Here’s a glimpse into the key activities during the mission:

  1. Individual Company Presentations

    Exist Software Labs, along with other Philippine companies, was given the platform to present our unique capabilities to an audience of potential clients and partners. This dedicated session allowed us to showcase our expertise in digital transformation, software development, and IT outsourcing solutions, emphasizing how we tailor these services to meet the specific demands of Japanese enterprises.

  2.  Networking & Business Matching

    The mission also included networking and business matching activities, where participants engaged in one-on-one meetings with prospective clients and partners. These sessions were instrumental in fostering new relationships, exploring collaboration opportunities, and aligning on shared goals to drive mutual growth in the IT-BPM sector.

  3.  Site Visits

    Delegates had the opportunity to visit Japanese firms to gain a deeper understanding of their business environments and technological needs. These site visits provided us with crucial insights into how we can better tailor our solutions to support the digital transformation initiatives of Japanese companies.

Driving Innovation Through Global Collaboration

Exist Software Labs is committed to delivering innovative technology solutions that drive business success. Our participation in initiatives like the Business Mission to Japan is a testament to our dedication to international collaboration. By engaging with global partners, we are able to extend our expertise, learn from different markets, and create cutting-edge solutions that address the unique challenges of our clients worldwide.

As we continue to expand our footprint in the Asia-Pacific region, our focus remains on fostering strong, long-lasting partnerships that enable us to deliver value-driven technology and digital transformation solutions.

Looking Ahead

The IT-BPM sector is a significant contributor to the Philippine economy, and through partnerships with countries like Japan, we aim to further accelerate growth in the industry. By leveraging the strengths of both nations, we can create a more interconnected and digitally empowered future.

Exist Software Labs looks forward to more collaborations and initiatives that align with our mission of driving digital innovation across borders. Our journey towards a digitally transformed world continues, and we are excited to build on the momentum from this successful mission in Japan. 

Get in Touch Today!

Reach out to our team to discuss how we can collaborate to transform your business. 

Follow us on LinkedIn and Facebook for more updates on our projects, insights, and future events as we continue to connect with global partners and bring technology-driven solutions to new markets.

Empowering Digital Transformation in the Energy Sector: Energy Billing Solution for Kratos RES

Empowering Digital Transformation in the Energy Sector: Energy Billing Solution for Kratos RES 839 630 Exist Software Labs

“Exist Software Labs, Inc. has been an invaluable partner in addressing our billing operational requirements. With their expertise, we’re confident that launching the new system in 2025 will improve our operations and enhance service for our clients.”
– Jose Rommel Orillaza, Operations Head of Kratos RES, Inc.


At Exist Software Labs, Inc., we believe that every company’s journey toward digital transformation is unique—especially in an industry as dynamic as energy. Today, in this article we are pleased to announce our latest collaboration with Kratos RES, Inc., a company committed to delivering reliable power supply. Our partnership is focused on assisting Kratos RES’ operations by implementing a robust Billing System capable of effectively addressing all their challenges.


KRATOS RES: Delivering Reliable Power

As an emerging yet impactful player in the energy industry, Established in 2011, under the visionary umbrella of Prime Asset Ventures, Inc. (PAVI), Kratos RES understands the critical importance of accurate and efficient billing in maintaining smooth operational performance. They need more than a one-size-fits-all system. Kratos requires a solution fit to their specific business needs and can handle everything from contract management to invoicing while staying compliant with industry standards.

This is where Exist Software Labs, Inc. steps in. With our extensive experience in developing energy systems, we’ll provide a solution for Kratos RES that combines the latest in technology with an in-depth understanding of the sector’s demands. Our customized Billing System, eBillsync will bring features that streamline operations and enhance billing accuracy while future-proofing Kratos RES’s business.

Want to know about our WESM-Compliant Energy Trading and Billing System?

The Power of Digital Transformation

Kratos ResDigital transformation is more than a buzzword; it’s a pathway to unlocking new efficiencies and growth opportunities. Now, for Kratos RES, embracing digital transformation through our customized Billing System means a more streamlined billing process, greater transparency for their clients, and improved data-driven decision-making.

Seamless Integration and Customization

One of the key strengths of our solution lies in its ability to integrate various systems seamlessly, we help Kratos RES integrate its Enterprise Resource Planning (ERP) ensuring that all of its business processes are synchronized and working at their optimum level.

Customization is also at the heart of our approach. We understand that Kratos RES has its specific processes and workflows, which is why our solution is built to be flexible. We’ve customized the system’s workflows, user interfaces, and reporting capabilities to meet Kratos RES’s exact needs, providing a system that not only fits their current operations but also scales with their future growth.

Ensuring Scalability and Compliance

As Kratos Res continues to grow, so does the demand on their systems. Our solution is designed to scale effortlessly, handling increasing transaction volumes and user loads while maintaining peak performance. Moreover, security and compliance are paramount. We’ve implemented robust security measures, including user authentication and data encryption, to protect sensitive billing data and ensure compliance with industry regulations.


Partnership for the Future

From left: Kratos RES, Inc. – Chief Finance Officer, Cecille Bernardo; Information Technology Head, Rose Estampador; Operations Head, Jose Rommel Orillaza; Exist Software Labs, Inc. –  VP of Operations, Christopher Silerio; VP of Engineering, Jonas Lim; Technical Director, Steven Siahetiong at the Digital Transformation Engagement Contract Signing on June 13, 2024, at BGC, Taguig.

At Exist Software Labs, we see ourselves as more than just a technology provider—we’re a dedicated partner invested in Kratos RES’s long-term success. Our customized Billing and Collection System, eBillsync, reflects our commitment to empowering energy companies like Kratos RES to embrace digital transformation, streamline operations, and stay ahead of the curve.

Together, we’re driving innovation in the energy sector, ensuring that Kratos RES can thrive in an evolving industry. As we continue this journey, we remain committed to offering ongoing support and helping not only Kratos RES but also other Retail Electricity Suppliers across the country reach their goals with top-tier energy billing solutions.

Start Your Energy Digital Transformation Today!

TeaM Energy

Team Energy Revolutionize its Operations with WESM-Compliant Energy Billing System

Team Energy Revolutionize its Operations with WESM-Compliant Energy Billing System 839 630 Exist Software Labs

“Exist Software Labs has been pivotal in enhancing our operational capabilities. The eBillsync solutions have streamlined our processes, allowing us to focus more on innovation and customer satisfaction.”
– Tristan Taghoy, President, TPEC.


In Taguig City, on October 17, 2023,
TeaM Philippines Energy Corporation (TPEC), the retail electricity arm of TeaM Energy Corporation, and a leading figure in retail electricity supply and renewable energy solutions, embarked on a significant digital transformation journey. This pivotal moment marked the culmination of their strategic partnership with Exist Software Labs, Inc. harnessing the capabilities of eBillsync a WESM-compliant energy billing system, TPEC has taken a substantial step towards enhancing their operational efficiency and fueling future growth.


Who is TeaM Energy Corporation?

TeaM Energy

TeaM Energy Corporation is one of the largest independent power producers in the country. It operates the 735 MW Pagbilao Power Station in Quezon Province. It also has a 50% stake in the adjacent Pagbilao Unit 3 Power Project. 

Staying true to its mission, it is recognized for its commitment to sustainability and community development, investing heavily in providing dependable power and environmental and social initiatives. Their adoption of advanced technologies ensures operational efficiency and compliance with environmental standards.

 

Pagbilao Power Station

Pagbilao Power Station

TeaM Energy

Corporate Office (Energy Supply Business)

TeaM Energy’s Key Challenges in Energy Operations

Navigating the complexities of energy operations in a rapidly evolving industry posed significant challenges for them. They needed robust solutions to optimize operations and ensure compliance while maintaining profitability. Some of their key Challenges are:

    • Regulatory Compliance:

      1. Their compliance with evolving regulations. ERC, DOE, and WESM’s year-on-year publish new policies, regulations, and guidelines that every market participant has to adhere to.
    • Diverse pricing structure:

      1.  Managing and calculating various pricing structures accurately can be complex and error-prone.
    • Data Integration Challenges:

      1. Integrating data from various sources, such as meter readings, and market data, can be challenging. 
      2. MMS data is available via API, MPI, IEMOP website, or subscription, this can be a challenge to their non-technical users
      3. Ensuring that all data is up-to-date and accurate is essential for billing accuracy.
    • Manual Generation of Invoice

      1. Their generation and submission of invoices is quite tedious since they also have a lot of customers.
    • Data Security and management:

      1. Protecting customer data is highly important, having all those Excel sheets being shared and passed around across departments is a possible security vulnerability.
    • Manual Processes and inaccurate Billing:

      1. Manual billing processes are time-consuming and susceptible to human errors. Inaccuracies can result from various factors, such as meter reading errors, data entry mistakes, or system glitches. These errors can lead to disputes with customers and regulatory penalties.
    • Data Silos:
      1. Information is stored in separate systems or departments, making it hard to access or share across the organization. This separation limits collaboration, decision-making, and overall efficiency.
    • Data Quality: 
      1. TeaM Energy manages a large amount of data, and data quality is a challenge. Some of their data is inaccurate, incomplete, or outdated, which can result in poor decisions, mistakes, and inefficiencies in their operations.
    • Historical Data Management:
      1. Past data is poorly organized, making it hard for them to access, analyze, or use for long-term planning. This led to missed opportunities, inefficiencies, and less accurate forecasts in their system.

Overcoming TeaM Energy’s Challenges with Digital Transformation Solutions 

TeaM Energy embarked on its digital transformation journey by first implementing Data Warehouse and automating its billing processes using our eBillsync product. This marked the beginning of embedding digital transformation at the core of their operations. To address their distinct challenges, we developed customized digital transformation solutions, including:

    • Data Warehouse – By leveraging IEMOP, external, and transactional data, they can now harness the power of analytics, enabling them to access critical insights derived from a robust data warehouse.
    • Data Management Solutions With an in-place data analytics platform, Team Energy now enjoys comprehensive data management capabilities. These allow them to efficiently organize, store, and analyze vast amounts of energy-related data, including IEMOP market data, CRSS metering, and settlement data, as well as external sources like weather forecasts, forex, and other third-party data inputs. Additionally, the platform enables seamless data visualization on Tableau and Power BI, providing clear, actionable insights through interactive dashboards.
    • Easier Management of Billing Determinants/Variables – They can now flexibly manage all essential billing parameters such as PH-CPI, Forex, US-CPI, Global Coal Index, Time-of-Use Rate, DU Generation Rates, and other parameters, all while tracking historical determinant values and reusing these values consistently across all contracts.
    • Smooth Processing of CRSS Metering and Settlement Data Managing CRSS metering and settlement data is now easier, they can now handle CRSS ZIP and CSV files smoothly, ensuring a hassle-free experience.
    • Streamlined Invoice Generation and Submission The use of end-to-end billing automation will now help them significantly reduce manual intervention. They can now automatically generate and process electronic invoices/receipts easily in accordance with BIR format.
    • Flexible Pricing Structure and Billing Statements Setup Team Energy can now flexibly create billing computations based on contracts and easily adjust the power bills generated by the system to meet client requirements.
    • Integration- Ready Platform Their Energy Billing platform can be easily integrated with various ERPs like SAP, and NetSuite whether via API or batch file generation.
    • Line Rental and NSS Allocation Processing A significantly shortened the time required to process thousands of data points and perform complex calculations with an automated Line Rental and NSS allocation process based on the customer’s GESQ or BCQ, using CRSS Settlement Data.
    • Integration with MMS and IEMOP Market Data – They can now access MMS data via API and crawl the IEMOP Market Data website, ensuring comprehensive availability of market-related information.
    • Actionable Market Data Insights – With comprehensive report dashboards, they have significantly enhanced their decision-making on market prices, spot quantities, offered prices, and other critical market data.


Embracing the Innovation

TeaM Energy
From left: TeaM Energy Corporation – Senior Manager, Michael Oaferina; AVP, Tristan Tachoy; Exist Software Labs, Inc. – President, Michael Lim; VP of Operations, Christopher Silerio; and Technical Director, Steven Siahetiong at the Digital Transformation Engagement Contract Signing on October 17, 2023, at BGC, Taguig. 

We believe this partnership will truly revolutionize not just the two companies involved but the entire energy sector in the country. It showcases how information technology can make energy companies more agile and competitive. By automating processes and enhancing operational efficiency, this collaboration has established a new benchmark and opportunity within the industry. The result? Enhanced service delivery across the country, benefiting businesses in the energy sector!

As TeaM Energy Corporation continues to lead with sustainability and innovation, Exist Software Labs, Inc. remains dedicated to empowering energy companies in the country, ensuring they thrive in a competitive and dynamic market landscape.

Start Your Energy Digital Transformation Today!

ADB Business Opportunities Fair 2024 ADB BOF 2024 ADB projects

ADB Business Opportunities Fair 2024: Exist Software Labs Discovers New Horizons in Collaboration

ADB Business Opportunities Fair 2024: Exist Software Labs Discovers New Horizons in Collaboration 839 630 Exist Software Labs


Reflections on the 12th Asian Development Bank Business Opportunities Fair 2024: Insights and Experiences

Last week, we had the exciting opportunity to represent Exist Software Labs Inc. at the ADB Business Opportunities Fair 2024 for the first time. Held on October 9-10, 2024, this event, organized by the Asian Development Bank (ADB), brought together companies from around the world to explore business prospects and learn about ADB’s procurement processes.

As newcomers, our primary goal was to gain a deeper understanding of how we can collaborate with ADB on its various projects and contribute to their vital work in developing countries. The fair buzzed with participants from diverse regions and industries, all eager to connect and discover new opportunities—just like us!

Over the two days, we engaged in many insightful conversations with fellow attendees, learning about their technology needs and sharing how we could help meet those requirements. From software development to website design and HR solutions, we highlighted the range of services we offer and explored potential collaborations.

Overall, the event provided an excellent opportunity for us to forge new connections and grasp the broader ecosystem of companies involved in ADB projects. We are excited about the possibilities ahead and look forward to contributing to meaningful initiatives in the future.

ADB Business Opportunities Fair 2024 ADB BOF 2024 ADB projects


Highlights of the Event

  • Engaging Welcome Remarks: The event kicked off with a powerful keynote from Fatima Yasmin, Vice-President for Sectors and Themes of the Asian Development Bank (ADB), who highlighted ADB’s commitment to inclusive growth, financial assistance, and providing access to cutting-edge technologies for developing countries. She stressed the critical role of consultants and suppliers in achieving ADB’s mission and emphasized that the bank is continuously seeking new partnerships to support the development and prosperity of its member countries, which are facing challenges such as global climate change and poverty.

 

  • Opportunities by Sector: The event featured panel discussions across various sectors, including energy, healthcare, transport, ICT, water, and urban development, held over both Day 1 and Day 2. These sessions highlighted ADB’s priorities and available projects in developing regions such as Central and South Asia, offering insights into how suppliers and attendees can engage with these initiatives with the support of ADB funding. Each discussion provided valuable information on how companies can contribute to these projects and the sustainable processes involved, ensuring both value for money and long-term impact.

 

  • Sustainable Development Goals (SDGs) Cannot Be Achieved Without Procurement: Procurement is crucial to achieving the Sustainable Development Goals (SDGs). ADB emphasized the need for sustainability to be “genuinely integrated” into projects from design to completion. Procurement involves strategically managing purchases to ensure quality, cost-effectiveness, and sustainability, whether sourcing materials, outsourcing services, or hiring contractors for large projects. Aligned with sustainability goals, procurement can drive responsible sourcing, support local economies, and reduce environmental impact, playing a vital role in achieving long-term SDG objectives.

 

  • ADB Wants to Become A Climate Bank Moving Forward: When ADB aims to become a climate bank, it signals a commitment to prioritize climate-related investments and initiatives. This involves increasing funding for low-carbon projects like renewable energy, supporting climate adaptation, and helping countries reduce greenhouse gas emissions. ADB will align its operations with global climate goals.. Ultimately, ADB seeks to assist member countries in transitioning to sustainable, resilient economies while addressing the challenges posed by climate change.
ADB Business Opportunities Fair 2024 ADB BOF 2024 ADB projects


What We Learned

Sustainable Practices: Many discussions centered around integrating sustainable practices into business models.

Yvette: It’s clear that sustainability isn’t just a trend; it’s essential for future growth. It’s what’s happening today and if today is not the right time to embrace it then when?

Athena: I think it’s great that ADB has strict sustainability standards in place when working with suppliers. I hope other businesses adopt the same mindset to promote the development of sustainable projects, so we can all do our part in reducing carbon footprints and addressing societal issues.

Collaboration Across Sectors: The event underscored the need for collaboration between public and private sectors to tackle challenges effectively.

Yvette: I was impressed by how many organizations are eager to collaborate with ADB for mutual benefit. It creates countless opportunities and proves that, with the ADB and suppliers, anything is possible.

Athena: I believe ADB plays a crucial role in connecting the public and private sectors, driving inclusive and sustainable development in its member countries. By aligning public policies with private sector innovation, ADB helps ensure that we achieve our shared development goals effectively and equitably.

ADB Procurement System: ADB emphasizes how they follow international best practices in procurement, including open competitive bidding, public bid openings, bid evaluation processes. These practices ensure that procurement is transparent, competitive, and aligned with global standards.

Yvette: I admire ADB’s commitment to transparency and fairness through open competitive bidding and public bid openings. This ensures equal opportunities for suppliers to compete while maintaining high standards aligning with global best practices.

Athena: I think ADB’s transparent bid evaluation processes are crucial for building credibility and confidence among its member countries and private sector partners.

ADB Business Opportunities Fair 2024 ADB BOF 2024 ADB projects


Personal Experiences: Yvette and Athena at the ADB BOF Event

As we reflect on our time at the ADB BOF event, Yvette and I found ourselves immersed in an environment rich with insights and collaboration. The event not only showcased innovative ideas but also facilitated meaningful connections among a diverse group of attendees. In this section, we share our personal experiences, highlighting the moments that stood out to us, the conversations that sparked new ideas, and the valuable lessons learned throughout the day. Join us as we delve into the highlights that made our experience at the ADB BOF event truly memorable.

Q1: What was your first impression upon entering the event?

A: Yvette: I was amazed by how many people from different regions and organizations have come together to learn how they can partner with ADB. 

A: Athena: Coming into the event, I was a little nervous to be among such notable personalities who take part in large-scale projects that impact communities. I thought that each one would But experiencing the event itself, everyone was friendly to network and shared the same mindset of wanting to improve the way we work for a better future for everyone.

Q2: How did the event facilitate connections among attendees?

A: Yvette: Connections with other attendees were made possible through various networking opportunities such as panel discussions, sector-specific sessions and after-party. These activities encouraged participants to engage with each other, exchange ideas and potentially explore further collaborations. 

A: Athena: The event application was very helpful in allowing us to chat with the other attendees. It allowed us to easily exchange information and arrange meet-ups during the actual event. 

Q3: What was your favorite panel discussion, and what key insights did you gain from it?

A: Yvette: I really enjoyed the panel discussion about the energy sector where I learned about ADB’s commitment to Sustainable Development Goals (SGD) particularly in sectors like infrastructure, energy, and environmental management. I like how they stressed out the importance of sustainability being “genuinely integrated” into projects, from design to completion.

A: Athena: I liked the session on Doing Business with ADB as it allowed me to listen to actual suppliers that have collaborated with ADB and how they uphold its sustainable procurement practices. I learned that in order to ensure that there are sustainable outcomes from projects, there must be thorough planning with all the stakeholders. 

Q4: Did you discover any new ideas or concepts that challenged your existing views?

A: Yvette: I was truly impressed by how engaged everyone was in the panel discussions. Their thoughtful questions showed a genuine commitment to developing these countries. ADB’s projects go beyond just funding; they’re about creating opportunities, building partnerships, and driving innovation to empower communities for a sustainable future.

A: Athena: I often hear the misconception that open competitive bidding guarantees the lowest price. However, I’ve come to realize that while cost is a factor, the process also emphasizes quality and the supplier’s ability to meet project needs. The cheapest option isn’t always the best value or the quality we need for our projects.

Q5: How do you think the discussions at the event will influence your work moving forward?

A: Yvette: The discussions at the event provided valuable insights into ADB’s priorities and procurement processes, helping me align our offerings with their projects. Additionally, the connections made with other organizations will create opportunities for collaboration, allowing us to leverage shared expertise and contribute to impactful initiatives in developing countries.

A: Athena: I can create content that educates potential clients and stakeholders on how our solutions align with ADB’s mission, emphasizing our commitment to inclusivity and social equity. By highlighting how technology empowers marginalized communities and improves access to essential services, I can effectively demonstrate the value of our offerings.

Q6: What aspect of the event did you enjoy the most, and why?

A: Yvette: I really enjoyed the networking activities at the event and after-party. It wasn’t just about sharing job titles; it was inspiring to hear everyone’s stories and their motivations for attending. Learning about their journeys and dedication to making a positive impact in their communities opened up great opportunities for collaboration.

A: Athena: The event was highly beneficial for attendees, facilitating easy networking both in-person and through the app. The venue and segment durations effectively delivered valuable information, with materials available for later reference via the app. Overall, every aspect of the event was well-planned for meaningful information exchange and business opportunities.

ADB Business Opportunities Fair 2024 ADB BOF 2024 ADB projects


Looking Ahead

The ADB Business Opportunities Fair provided invaluable insights into collaboration and innovation in sustainable development. Engaging with industry leaders reinforced our commitment to contribute meaningfully to ADB’s mission and explore impactful partnerships. The emphasis on transparency and best practices in procurement reassured us that there are significant opportunities to contribute to impactful projects. As we move forward, we are excited to explore potential partnerships that can help us make a difference in developing countries. Overall, the event reinforced our commitment to working together toward a brighter and more sustainable future.

Exist at Crayon ISV Day 2024

Recap of Exist Software Labs Inc. at Crayon ISV Day 2024: Empowering ISVs and Addressing Industry Challenges

Recap of Exist Software Labs Inc. at Crayon ISV Day 2024: Empowering ISVs and Addressing Industry Challenges 839 630 Exist Software Labs

Exist Software Labs Inc. Showcases Digital Innovation and Expertise at Crayon ISV Innovation Day 2024

On August 9, 2024, the annual Crayon ISV Innovation Day took place at the Microsoft Philippines in One Ayala Tower. This event brought together the leading Independent Software Vendors (ISVs) in the Philippines to showcase innovative digital services and solutions designed to help enterprises embark on their digital transformation journeys. The event aimed to inspire attendees by providing them with the opportunity to explore a wide range of IT services and solutions offered by ISVs. As expected, the event was a success, offering attendees a chance to connect with thought leaders and industry experts.

Exist Software Labs Inc., a proud member of the Crayon ISV pool, participated in the event by sharing our experiences working with Crayon. During the fireside chat, we discussed how Crayon has helped us reach potential customers over the years. Additionally, we were invited to showcase our expertise in the Retail and Healthcare sectors alongside other ISV partners.

Empowering ISVs to Grow Their Businesses 

The morning session featured insightful presentations, including one by Mr. Chas Mann, the Director of ISV at Crayon APAC. He shared valuable insights on how Crayon supports ISVs in growing their businesses. Mann emphasized that Crayon’s ISV Innovation Hub operates in 47 countries, helping ISVs generate revenue through licensing, migration, and incentives. The ISV Innovation Hub is a comprehensive software program that assists ISVs in reaching a global audience, with a process that involves recruitment, growth, management, monetization, and sales with Crayon.

The morning session concluded with a Fireside Chat, where several ISV partners highlighted their experiences with Crayon. Mr. Jonas Lim, VP for Technology at Exist Software Labs Inc., shared how Crayon guided Exist in navigating the Microsoft Marketplace and expanding our presence in the global market. He discussed how Crayon’s support in funding marketing events and proofs of concept (POCs) has been instrumental in positioning us as a global player. Lim also touched on the key considerations for creating our own SaaS application.

Empowering ISVs to Grow Their Businesses 

The morning session featured insightful presentations, including one by Mr. Chas Mann, the Director of ISV at Crayon APAC. He shared valuable insights on how Crayon supports ISVs in growing their businesses. Mann emphasized that Crayon’s ISV Innovation Hub operates in 47 countries, helping ISVs generate revenue through licensing, migration, and incentives. The ISV Innovation Hub is a comprehensive software program that assists ISVs in reaching a global audience, with a process that involves recruitment, growth, management, monetization, and sales with Crayon.

The morning session concluded with a Fireside Chat, where several ISV partners highlighted their experiences with Crayon. Mr. Jonas Lim, VP for Technology at Exist Software Labs Inc., shared how Crayon guided Exist in navigating the Microsoft Marketplace and expanding our presence in the global market. He discussed how Crayon’s support in funding marketing events and proofs of concept (POCs) has been instrumental in positioning us as a global player. Lim also touched on the key considerations for creating our own SaaS application.

Empowering ISVs to Grow Their Businesses 

The morning session featured insightful presentations, including one by Mr. Chas Mann, the Director of ISV at Crayon APAC. He shared valuable insights on how Crayon supports ISVs in growing their businesses. Mann emphasized that Crayon’s ISV Innovation Hub operates in 47 countries, helping ISVs generate revenue through licensing, migration, and incentives. The ISV Innovation Hub is a comprehensive software program that assists ISVs in reaching a global audience, with a process that involves recruitment, growth, management, monetization, and sales with Crayon.

The morning session concluded with a Fireside Chat, where several ISV partners highlighted their experiences with Crayon. Mr. Jonas Lim, VP for Technology at Exist Software Labs Inc., shared how Crayon guided Exist in navigating the Microsoft Marketplace and expanding our presence in the global market. He discussed how Crayon’s support in funding marketing events and proofs of concept (POCs) has been instrumental in positioning us as a global player. Lim also touched on the key considerations for creating our own SaaS application.

Exist Software Labs Inc. Showcases Holistic Digital Transformation at Crayon ISV Innovation Day

The afternoon session was dedicated to the customers who were invited to the event. It featured seven thought tracks, each focusing on solving different industry problems through innovative solutions and services. Exist Software Labs had the privilege of presenting in the retail and healthcare tracks. As a software development company with a holistic approach to digital transformation, we aimed to demonstrate our deep expertise in these sectors.

Mr. Julius Cutaran, Product Manager for Exist Anahaw, discussed “Mapping the Retail Customer Journey” and the need for strategic management of digital, physical, and personal touchpoints. He highlighted how aligning these touchpoints and integrating channels can enhance customer experiences.

In the healthcare track, Mr. Willex Perez, Director for Exist Healthcare Solutions, covered “Transforming Healthcare with Modern Technologies.” He emphasized the importance of technology in improving patient care, communication, and efficiency, and advocated for a shift towards value-based care to address challenges in the healthcare sector.

Across both retail and healthcare, addressing challenges requires more than isolated point solutions, which often remain siloed and disconnected. This approach is akin to trying to fly with one wing, hindering true transformation. Our butterfly metaphor underscores the need for a comprehensive strategy, where businesses must leverage both Digital IT Services and Technical Innovation Components, unified by a digital roadmap. This interconnected approach not only solves immediate issues but also ensures long-term success and scalability, enabling organizations to achieve meaningful, sustained growth.

Finally, we had the opportunity to have our own booth, where we showcased our various services and solutions across the verticals of banking and financial services, energy, healthcare, and retail. This allowed us to connect with other ISVs seeking specific solutions to enhance their existing offerings or expand their business opportunities. We also engaged with companies looking for IT leads who can solve industry-specific challenges for their customers.

Exist Software Labs Inc. Reflects on Crayon ISV Day 2024 and Plans Future Innovations

Reflecting on the success of Crayon ISV Day 2024, Exist Software Labs Inc. gained valuable insights and strengthened our commitment to driving digital transformation in the Retail and Healthcare sectors. The event not only highlighted the importance of strategic partnerships but also reinforced our belief in the power of collaboration to fuel innovation. Our participation provided us with the opportunity to share our journey and experiences, which we believe will have a lasting impact on our future initiatives and collaborations.

Looking ahead, we are excited to continue engaging with ISVs and industry leaders at upcoming events, where we will further explore opportunities for growth and innovation. We invite you to stay connected with Exist Software Labs Inc. for future updates and opportunities to collaborate as we continue to push the boundaries of what’s possible in the digital landscape.

Innovative, Transcending,Inclusive: The Tomorrow Of Rural Bank In The Philippines

Innovative, Transcending,Inclusive: The Tomorrow Of Rural Bank In The Philippines 839 630 Exist Software Labs

In an era driven by innovation, the pursuit of fulfillment and immediacy has shifted towards digital presence. It’s not just about following trends; it’s about staying ahead and embracing forward-thinking, a game changer for Rural Banks in the country.

In recent years, banking in the Philippines has undergone a transformative journey propelled by innovation and technology. This shift marks a significant evolution from traditional banking practices, bringing about numerous benefits and highlighting the importance of staying current in today’s digital age making it possible for more Filipinos to shift towards advancement and the opportunity of fast banking transaction compared in the past.

The demands of consumers are intensifying, especially as the youth of yesterday become today’s market leaders. These tech-savvy individuals possess empowered purchasing power, and their innovative and forward-thinking nature defines them as modern consumers. Three-quarters of the population has internet access, and mobile penetration is nearly universal. The Philippines has one of the fastest population growth rates worldwide, and the bankable population is projected to rise from 65 million in 2022 to 85 million by 2030—a 30 percent increase. (Projection from World Bank as of December 2022).

This movement has opened a big picture for Rural banks in the country, considering their reach and services offered compared to big banks available in their areas. Hence, it’s not a bottle neck but an upgrade point to consider in terms of services, and offerings they can offer to their clients.

 

Key Points:

Technological Advancements
The integration of cutting-edge technology in banking has revolutionized how financial services are delivered. Mobile banking apps, digital payment systems, and AI-driven customer service are reshaping the customer experience, making financial services more accessible and efficient, prioritizing the banking opportunity even for those unbanked.

Access to Financial Services
Historically, rural areas have faced challenges in accessing basic financial services due to geographic isolation and infrastructure limitations. Innovations such as mobile banking have bridged this gap, allowing rural populations to participate more fully in the formal financial system and allowing them to serve the underserved population.

Financial Inclusion
Empowering rural communities through innovative banking solutions promotes financial inclusion, a key driver of economic growth and poverty reduction. By providing access to savings accounts, credit facilities, and insurance products, rural banks contribute to enhancing livelihoods and fostering local development. This also allows those who are in remote areas to access their bank real time especially those who receives remittances from their loved ones far from them.

Cost Efficiency
Digital banking reduces operational costs for rural banks by minimizing the need for physical infrastructure and personnel. This efficiency enables banks to offer competitive interest rates and lower fees, making financial services more affordable and attractive to rural customers. Aside from this, it also empowers customers to create an account, giving them the opportunity to open a bank account in the comfort of their homes or wherever they are.

Adaptability and Resilience
Staying abreast of technological advancements is crucial for rural banks to remain competitive and resilient in an increasingly digital marketplace. Embracing innovation allows banks to adapt to changing customer preferences and regulatory requirements swiftly. This is an advancement opportunity, allowing banks to be Empowered, Inclusive and adaptable to Incremental change.

 

Benefits:

Enhanced Accessibility: Rural populations gain convenient access to banking services without the need to travel long distances.

Improved Efficiency: Digital platforms streamline banking operations, reducing paperwork and processing times. Greater

Financial Literacy: Educational resources integrated into digital platforms help rural customers make informed financial decisions.

Economic Growth: By facilitating savings, investment, and entrepreneurial activities, rural banking contributes to local economic development.

 

Importance of Staying in the Now

In today’s interconnected world, being digitally present isn’t merely a trend but a necessity for rural banking institutions. It signifies their commitment to innovation, customer-centricity, and sustainability. Staying in the now ensures that rural banks remain relevant and effective in meeting the evolving needs of their communities. It also positions them as leaders in driving financial inclusion and fostering economic empowerment across rural landscapes.

In conclusion, the future of rural banking lies in its ability to innovate and transcend traditional boundaries. Embracing technological advancements not only enhances service delivery but also empowers rural populations, paving the way for a more inclusive and prosperous future.

 

Join our movement where NOJuan is left behind.
Go Digital, Go Inclusive: Every JUAN Included
A Drive to Digital Financial Inclusion.

 

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The New Age of Banking: Voyaging through Digital Banking Asia Summit 2024

The New Age of Banking: Voyaging through Digital Banking Asia Summit 2024 839 630 Exist Software Labs

Pasay City, Philippines – Embarking on the New Age of Banking, Digital Banking Asia Summit 2024 emerged as a beacon of innovation and Asia’s flagship leadership summit for Bank CXOs and Fintech Disruptors. Held on March 13, 2024, at the esteemed Manila Marriott Hotel and co-presented by Escom, this landmark event brought together visionary leaders, industry experts, and trailblazers from across the Philippines. As Exist, Software Labs Inc. joined as one of its’ sponsors, supplementing the core vision of the event is incredibly certain, exploring the cutting-edge trends, challenges, and opportunities shaping the future of Banking and Financial landscape.

The Digital Banking Revolution

Discourse and Panel Discussions

1. Charting the Digital Transformation Landscape: Banking CEOs’ Top Priorities in Asia
Discussed by:

• Sumit Kumar – Managing Director and Partner at BCG
• Paolo Salcedo – Head, Virtual Banking at Maybank
• Greg Krasnov – CEO & Founder at Tonik Bank
• Nate Clarke – CEO at GoTyme
• Sushreem Jadhav – BFSI Practice Lead at Collabera Digital Philippines
• Colin Kum – APAC Market Director at Mambu

2. Customer Feedback and Continuous Improvement: Using Voice of the Customer (VoC) to Drive Innovation
Discussed by:

• Vicky Salas – Partner at SGV (Moderator)
• Dan Ramirez – Senior Vice President, Head of Transformation Office; Office of the Chief Operating Officer at ING Bank
• Lion Gacad – Chief Experience Officer at Gotyme Bank
• Mica Diaz de Rivera – UX Strategy and Design Head at Metrobank

3. The Role of AI and Machine Learning in Shaping the Future of Finance
Discussed by:

• Gilbert Trinchera – Partner at KPMG
• Sara Ann Venturina – Chief Data Officer at GCash
• Kenneth Catugas – Head of IT at ING Bank
• Esel Madrid – SVP and Head of Data Science & AI Center of Excellence at Security Bank
• Durjoy Patranabish – Vice President, Business Development at Tiger Analytics
• Vijesh Kishore – Chief Revenue Officer at SnapWork Technologies

4. Cybersecurity in Financial Services: Protecting Data and Building Trust
Discussed by:

• Mark Anthony Almodovar – Risk Assurance, Cybersecurity and Privacy Executive Director at PwC
• Marlon Sorongon – Chief Information Security Officer at Maybank Philippines
• Carlos Tengkiat – Chief Information Security Officer at RCBC
• Akbar Senior Motani – CEO at DPM
• Ryan Pahignalo – Head of Compliance and Monitoring Services at Digido Finance Corp.
• Hung Wong – Vice President, ICT Solution & Partnership at HGC Global Communications

Can't wait to begin your Digital Banking Journey?

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Explored Key Topics

1. AI, Data & Automation
The summit delved into the transformative power of artificial intelligence, data analytics, and automation in reshaping the banking landscape. Discussions centered on harnessing AI-driven insights to enhance customer experiences, optimize operational efficiency, and drive sustainable growth in the digital era.

2. Transformation for Traditional Banks
Amidst rapid digitization, traditional banks are navigating a paradigm shift towards agility, innovation, and customer-centricity. Sessions at the summit explored strategies for traditional banks to embrace digital transformation, foster innovation, and remain competitive in an evolving market landscape.

3. Cyber Security, Fraud & Identity
With the proliferation of cyber threats and financial fraud, safeguarding customer data and ensuring robust security measures are paramount. The summit addressed the latest advancements in cybersecurity, fraud detection, and identity verification technologies, highlighting the importance of proactive risk management and compliance.

4. Open and Embedded Finance
The rise of open banking and embedded finance presents unprecedented opportunities for collaboration and ecosystem integration. Industry leaders discussed the potential of open banking frameworks, API-driven innovation, and embedded finance models to drive financial inclusivity, accessibility, and innovation.

5. Diversity & Financial Inclusion
Promoting diversity, equity, and inclusion is essential for fostering a more inclusive financial ecosystem. Sessions at the summit explored strategies for advancing financial inclusion, empowering underserved communities, and leveraging diversity as a catalyst for innovation and growth.

6. Fintech & Partnerships
Collaboration between traditional financial institutions and fintech disruptors is reshaping the future of finance. The summit explored emerging fintech trends, partnership opportunities, and collaboration models driving innovation, agility, and customer-centricity in the digital age.

7. Payments Innovation
The payments landscape is undergoing rapid transformation, driven by digitalization, mobile technology, and changing consumer preferences. Discussions at the summit centered on payments innovation, digital wallets, real-time payments, and the future of frictionless transactions in the digital economy.

8. Seamless Experiences
In an era of heightened customer expectations, delivering seamless and personalized experiences is imperative for driving customer engagement and loyalty. The summit explored strategies for creating frictionless omni-channel experiences, leveraging data-driven insights, and delivering hyper-personalized services.

9. ESG and Sustainability
Embracing environmental, social, and governance (ESG) principles is no longer a choice but a strategic imperative for financial institutions. Sessions at the summit emphasized the role of sustainable finance, responsible investing, and ESG integration in driving long-term value creation and societal impact.

Takeaways

The Digital Banking Asia Summit 2024 served as a catalyst for innovation, collaboration, and thought leadership, setting the stage for a future where financial services are more inclusive, accessible, and sustainable. And with Exist Banking and Financial Services Solutions, you can effectively navigate these complexities of a rapidly evolving digital landscape, the insights, connections, and strategies forged at this summit that will undoubtedly shape the future trajectory of banking and financial services, not only in the Philippines, but across Asia Pacific region and beyond.

Begin your Digital Banking Journey today!

Learn more about our Digital Banking Solutions that is Secure, Scalable, Connected, Cloud Ready and Flexible.

How-Does-DevSecOps-Improve-Efficiency-Software-Development

How Does DevSecOps Improve Efficiency in Software Development?

How Does DevSecOps Improve Efficiency in Software Development? 839 630 Exist Software Labs

Improve Efficiency in Software Development: The Power of Your DevSecOps Journey

How does DevSecOps improve efficiency in Software Development? First of all, efficiency optimization when it comes to businesses is paramount in the value chain. Establishing workflows that ensure customers receive expected outcomes is essential. However, exceeding these expectations can distinguish between business success and mediocrity. One effective approach to achieving this is by streamlining operations through DevSecOps.

In our previous blog, we explored one of the primary benefits of DevSecOps: Faster Time to Market. To effectively compete with rivals, businesses must demonstrate agility in deploying new features for their products and services ahead of the curve. Yet, the ability to deploy swiftly hinges upon the efficiency of established workflows. DevSecOps plays a crucial role in enhancing operational efficiency.

 

The Four Drivers that Improve Efficiency in Software Development

There are four main drivers for increased efficiency through DevSecOps. 

 

  1. Shift Left Approach

First of all, DevSecOps practices the shift left approach which means shifting security practices to the left of the software development lifecycle. With DevSecOps tools and platforms in place, these address security issues within the development process then proactively and continuously address these. With this, teams can identify and mitigate risks sooner, reducing the likelihood of costly security vulnerabilities in the later stages.

 

  1. Automation

Another key driver in DevSecOps is automation, which finds application across various areas of the development and security process. One significant scenario where DevSecOps demonstrates its value is in testing. Traditionally, developers conduct testing manually to ensure software quality and functionality, involving the manual execution of test cases, recording results, and reporting defects. This process demands close coordination among team members. However, with DevSecOps, the integration of test automation tools streamlines this process. These tools can swiftly execute test scripts, facilitating regression testing and continuous integration. Additionally, test management tools automate the management of test cases, streamline reporting processes, and enable efficient tracking of defects throughout the development lifecycle. This would result in the reduction of manual effort and repetitive tasks.

  1. Continuous Monitoring and Feedback

Efficiency can also be achieved through continuous monitoring and feedback. DevSecOps promotes continuous monitoring of applications and infrastructure to detect and respond to security threats in real-time. By implementing monitoring tools and practices, teams can identify potential vulnerabilities and performance issues promptly, allowing for timely remediation. Additionally, feedback loops enable teams to learn from incidents and improve security practices iteratively. 

  1. Collaboration and Culture

Finally, DevSecOps promotes collaboration and culture between the development, security and operations teams. With cross functional teamwork, DevSecOps enables faster problem-solving, better decision-making, and more efficient knowledge sharing. 

Through these factors, all of these contribute to improve the efficiency in software development.

Impact of Automation in DevSecOps: Enhancing Organizational Efficiency and Collaboration

Now that we know what drives automation in DevSecOps, how does this impact the different roles in the organization? With the early identification and mitigation of security vulnerabilities,  these can reduce the risk of costly security breaches, regulatory fines, and legal abilities. Automation, on the other hand, reduces manual effort and associated costs. If these time consuming activities are managed, this results in faster time-to-market, enabling faster revenue generation and return on investment. With the integration of security practices throughout the software development lifecycle reduces risk of security incidents and data breaches. It is ensured that there is a proactive detection and response to security threats that might emerge and compliance to industry regulations and standards. And the most obvious, increasing efficiency through DevSecOps improves the operations in the business. Automation of deployment processes and infrastructure management streamlines activities, reduces deployment errors, and increases system reliability and availability. This shared responsibility between the teams fosters accountability for smoother coordination and alignment of objectives. Continuous integration and delivery (CI/CD) pipelines enable rapid iteration and deployment of software updates, enhancing agility and responsiveness to market demands and customer feedback.

 

Benefits - improve efficiency in software development

 

Transform Your Business with DevSecOps: Achieve Efficiency, Compliance, and Innovation

Overall, one of the best solutions that a business can do to improve its value chain is to adopt DevSecOps tools and practices because of the increased efficiency that it entails. The drivers of efficiency are the following: Shift Left Approach, Automation, Continuous Monitoring and Feedback, and Collaboration and Culture. With this, businesses can expect to experience the mitigation of risks, reduction of costs, ensured compliance, and faster delivery of new features or enhancements. 

In order for businesses to effectively incorporate DevSecOps into its work flows and culture, they need to get comprehensive assessment and implementation. With Exist Software Labs, you can entrust us to guide you through the whole process and train your team to improve your IT operations. 

Fill out the form below to get started with Exist’s DevSecpOps Consultation and Implementation Services

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    Evolving together: Innovation and collaboration in the Digital Age with Exist Software Labs

    Evolving together: Innovation and collaboration in the Digital Age with Exist Software Labs 1300 972 Exist Software Labs

    Written by: Linda B. Bolido

    Through innovation, reliability, and client-centricity, Exist Software Labs, Inc. has established a reputation as a forward-thinking and dependable partner in the ever-evolving landscape of enterprise information technology (IT) solutions.

    Its 22 years of experience have given Exist the knowledge and expertise to navigate with ease and competence the increasingly complex digital world and provide clients with the support they need. Exist focuses on software development, business and IT processes, market expertise, and commitment to deliver comprehensive advantages to its clients and to put itself ahead of the competition.

    Founded in 2001, the company’s more than two decades of experience has affirmed its credentials as one of, if not the country’s digital enabler and technology driver for both established and emerging enterprises. As a pioneer in using Java Open Source Software in the Philippines, Exist has leveraged its experience working with global software engineers in building highly scalable, robust, and customizable applications.

    With close to 200 skilled employees and with their deep technical skills and industry experience and expertise, Exist’s software engineers are able to meet the differing needs of Philippine clients in diverse markets like banking and financial services, energy, healthcare, retail, and government with the help of industry partners. Moreso, Exist also penetrates other various industries of different business scales to provide customized solutions, systems integration, and other technical services that will sustain business operational resiliency.

    Another aspect of Exist’s continuous success and growth is its close collaboration with technology partners who are among the leaders in their respective fields. Together with its partners, Exist has been able to provide innovative business solutions that have helped its various clients bring their business to the digital age.

    Though faced with stiff competition from major global IT companies, Exist is able to overcome market challenges by offering cost-effective IT solutions that are well-designed to respond and adapt to clients’ specific, even unique, requirements.

     Exist Software Labs, Inc

    Exist recently welcomed Hasura, revolutionizing data management by modernizing database interaction and simplifying API development for its Sales & Marketing, Engineering, and Infrastructure teams

    Exist continuously strives to satisfy changing company needs and maintain its lead in the industry by introducing and implementing enterprise software solutions that are relevant, responsive, scalable, and flexible so they can be readily and easily customized to meet the clients’ needs.

     Exist Software Labs, Inc

    Gathering minds, shaping futures: Reflecting on our community’s voice at Exist Software Labs’ last Town Hall Meeting.

    Technology experts, developers, and enthusiasts may also be interested to check out Exist’s cutting-edge IT solutions and open-source software, as well as their Exist Code Camp or ECC – a program for students who aim to pursue their careers in the IT industry. Nurturing these young aspirants will open doors of opportunity in Exist, thus providing fresh talents and a new generation of technology practitioners that will help the company in delivering cutting-edge innovations to its clients.

    Exist is eager to work with progressive companies and people who value scalability, customization, and all-encompassing benefits when developing IT solutions. Read more here.

    Lastly, we are thrilled to announce that Exist Software Labs has been named one of the 2024 Growth Champions in the Philippines. Ranked 6 in the software category and 20 overall, we are dedicated to pushing boundaries and achieving success! Know more here.

    Engineer working on laptop with devsecops symbol and text that says DevSecOps Philippines How Enterprises Achieve Faster Delivery with DevSecOps

    DevSecOps Philippines: How Enterprises Achieve Faster Delivery with DevSecOps

    DevSecOps Philippines: How Enterprises Achieve Faster Delivery with DevSecOps 650 486 Exist Software Labs

    Unlocking Speed: Navigating the Path to Swift Delivery with DevSecOps

    As discussed in the previous article, we outlined the emergence of DevSecOps, the organizational changes necessary for successful implementation, and its benefits for enterprises. DevSecOps is a collaborative approach between Development, Operations, and Security teams, promoting seamless communication and faster, secure, and continuous release cycles throughout the software development lifecycle (SDLC).

    In this article, we will focus on one of the main benefits of implementing DevSecOps in a business: faster delivery or faster time to market. In today’s competitive landscape, businesses strive to release new products or features quickly to gain a competitive edge. DevSecOps enables organizations to deliver software solutions rapidly, capture market share, and establish themselves as industry leaders.

    Moreover, customers prefer companies that can address unmet needs and provide innovative solutions promptly. Read on further to explore the factors of DevSecOps that result in the reduction of time to market, the metrics for DevSecOps, and the advantages of reducing time to market for various areas of the organization’s operations. 

     

    Accelerating Market Entry: Key DevSecOps Factors Driving Time-to-Market Reduction

    Reducing time to market is a primary goal for businesses, achievable through the implementation of DevSecOps tools and practices. So, what factors under DevSecOps allow them to deliver faster to the market? Firstly, businesses can streamline development processes by integrating security practices across the software development lifecycle (SDLC), from planning and coding to testing and deployment. This integration enhances workflow efficiency and eliminates bottlenecks through automation tools, reducing delays and accelerating time to market.

    Moreover, DevSecOps enables early detection and resolution of security issues, emphasizing a “shift-left” approach to address concerns at the outset of the SDLC. By integrating security testing and vulnerability scanning into the development pipeline, teams can identify and address security issues early, preventing potential problems. Additionally, DevSecOps facilitates continuous monitoring of applications and infrastructure for security vulnerabilities and threats, with automated security tools providing real-time feedback to preemptively tackle security concerns and ensure software release security.

    Furthermore, DevSecOps automates security testing and validation processes, including static code analysis, dynamic application security testing (DAST), and container scanning, ensuring consistent and efficient security checks without slowing down development. Automation extends to testing and deployment processes, enabling teams to deliver software updates quickly and frequently through continuous integration (CI) and continuous deployment (CD) practices, reducing manual effort and accelerating feature delivery. Lastly, DevSecOps fosters collaboration and communication among development, operations, and security teams, breaking down silos and promoting shared responsibility. By providing visibility into the entire development pipeline, DevSecOps enables teams to track progress, monitor changes, and collaborate effectively toward shared goals, leading to better alignment and faster decision-making.

     

    Accelerating Market Entry Key DevSecOps Factors Driving Time to Market Reduction

    Measuring SDLC Efficiency: Unveiling the Power of Four DevSecOps Metrics

    To assess the efficiency of one’s SDLC, Exist abides by four DevSecOps Metrics. These metrics act as quantitative measurements that factor in various deployment outcomes.

    The first metric is Lead Time for Changes. This measures how long it takes to deploy new features and functionalities upon code completion to production. The goal is to implement the changes within 1 day.

    The next metric measures how often you ship changes, which is tied to continuous delivery. This metric is called Deployment Frequency. The goal is to have multiple production deployments within a week.

    Another metric is Mean Time to Recovery, which measures the average amount of time to restore services during an outage. The goal is to restore services from disruptions in less than a day.

    The last metric is called Change Failure Rate. This measures the percentage of releases that result in downtime, degraded service, or rollbacks. The goal is to have a percentage of 15% or less of these incidents.

    These metrics provide valuable insights for businesses to understand their capabilities and areas of improvement in delivering faster time to market.

     

    DevSecOps Metrics

    The Significance of Faster Time-to-Market

    You might be wondering, what is the significance of reducing the time to market for specific areas of the organization? The first notable benefit would be an increase in revenue potential. Faster time to market allows the organization to introduce products and features to customers sooner, potentially boosting revenue streams and market share. CFOs can appreciate the positive impact on the bottom line and overall financial performance.

    Furthermore, being able to deliver products and updates more quickly than competitors can provide a significant competitive advantage. CIOs and COOs will value this advantage in staying ahead in the market.

    At the same time, accelerated time to market often means more efficient use of resources, including personnel, infrastructure, and budget. CFOs can optimize resource allocation, leading to improved financial efficiency.

    Finally, faster time to market enables the organization to respond more swiftly to changing market conditions, customer needs, and emerging opportunities. COOs can leverage this agility to adapt operations and strategies accordingly.

     

    The Significance of Faster Time to Market

    DevSecOps Driving Faster Time to Market Success

    In summary, one of the most important advantages of implementing DevSecOps in your IT operations is faster time to market. There are many factors that contribute to this outcome, including streamlined development processes, early detection and resolution of security issues, automation of testing and deployment, and improved collaboration and communication among teams. Faster time to market, enabled by DevSecOps, benefits CFOs, CIOs, and COOs by driving revenue growth, improving competitive positioning, optimizing resource utilization, enhancing customer satisfaction, accelerating time-to-value, and mitigating risks. 

    Empowering Secure Innovation: DevSecOps Consulting and Implementation Services (DevSecOps Philippines)


    At Exist Software Labs, we specialize in providing DevSecOps Consulting and Implementation Services (DevSecOps Philippines). Our team offers expert guidance to businesses seeking to adopt DevSecOps practices and tools effectively. With our comprehensive approach, we aim to help you streamline your development processes and enhance security measures throughout your software development lifecycle. By leveraging DevSecOps, we empower your organization to deploy software faster, enabling you to swiftly adapt to evolving customer needs and market conditions.

    If you’re ready to embark on your DevSecOps journey and accelerate your software delivery, don’t hesitate to contact us today. Let us partner with you to drive innovation and achieve your business objectives with confidence. Also, stay tuned to our upcoming blog post on the next benefit of DevSecOps.

    Click here to know more about our DevSecOps Consulting and Implementation Services

    Take the first step towards faster time-to-market with Exist! 

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