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Understanding the Importance of Business Intelligence Tools Business Intelligence Tools, Data Ready, Data-Driven Era, Java Philippines, Data Solutions Philippines
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Understanding the Importance of Business Intelligence Tools
Understanding the Importance of Business Intelligence Tools 650 486 Exist Software Labs

In today’s data-driven world, being data-ready is crucial for organizations to gain insights, make informed decisions, and stay ahead of the competition. Business Intelligence tools (BI), such as Tableau and Power BI, play a pivotal role in empowering businesses to harness the full potential of their data. In this blog post, we will explore the importance of being data-ready and delve into the capabilities of these two popular BI tools.

 

Business Intelligence Tools: Understanding the Importance of Being Data Ready

Being data ready means having the necessary mindset, processes, and infrastructure to effectively collect, manage, analyze, and visualize data. It enables organizations to uncover valuable insights, identify trends, and make data-driven decisions. Being data-ready offers several advantages, including:

 

  • Improved Decision-Making: With comprehensive data analysis, organizations can make more informed decisions based on customer behavior and preferences, among others, leading to better product and service design and increased competitiveness.

 

  • Identifying Opportunities and Risks: Being data-ready allows businesses to identify emerging opportunities, potential risks, and market trends, enabling them to adapt and seize competitive advantages.

 

  • Enhanced Efficiency and Productivity: By streamlining data processes and providing easy access to insights, being data-ready boosts operational efficiency and empowers teams to work more productively.

 

  • Customer-Centric Approach: Leveraging data helps organizations understand customer needs, preferences, and behavior, leading to personalized experiences and improved customer satisfaction.

Leverage on Business Intelligence tools to help make intelligent business decisions

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Benefits of Using Business Intelligence Tools 

 

  • Data Consolidation and Integration

One of the primary benefits of BI tools is their ability to consolidate and integrate data from multiple sources. Companies generate data from various platforms such as on-ground sales transactions, customer interactions, marketing campaigns, and supply chain operations. BI tools aggregate and organize these diverse data into a unified view, providing decision-makers with a comprehensive understanding of the business landscape.

 

  • Real-time and Historical Analysis

BI tools offer real-time and historical analysis capabilities, giving businesses the ability to monitor their operations as they unfold and examine past performance trends. This dynamic feature empowers executives to make agile decisions in response to changing market conditions and identify long-term patterns that can shape future strategies.

 

  • Enhanced Data Visualization

Raw data can be overwhelming, making it challenging for decision-makers to grasp crucial insights quickly. BI tools address this challenge by providing advanced data visualization techniques. Interactive dashboards, charts, graphs, and reports transform complex data into intuitive visual representations, making it easier to comprehend and identify key trends, patterns, and outliers.

 

  • Informed Decision-Making

BI tools enable data-driven decision-making, which is critical in today’s fast-paced business environment. When armed with accurate and timely information, executives can confidently make informed choices that align with business goals, leading to more effective strategies and improved outcomes.

 

  • Improved Operational Efficiency:

By streamlining data analysis and reducing manual reporting tasks, BI tools enhance operational efficiency. Employees can focus more on strategic initiatives rather than spending valuable time collecting and collating data. Moreover, with automated reporting features, BI tools facilitate the seamless distribution of insights across departments, fostering collaboration and alignment.

 

The Data-Driven Era

In today’s data-driven era, being data-ready is essential for organizations to thrive. Tableau and Power BI are powerful BI tools that empower businesses to unlock the true potential of their data. By leveraging intuitive data visualization, seamless data integration, advanced analytics, and collaboration features, these tools enable users to make data-driven decisions, enhance operational efficiency, and gain a competitive edge.

Know more about our Data Solutions services here

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Exist offers data solutions services and Business Intelligence tools you can use to make informed decisions, and stay ahead of the competition. Start with your journey to data maturity and become a data-driven organization!

About the Author

Mark Daryll De Venecia is a highly motivated and skilled data engineer with a passion for harnessing the power of data to drive meaningful insights and innovation. He has successfully obtained several certifications that attest to his proficiency in data management, data integration, and data warehousing. These certifications, combined with his problem-solving abilities and meticulous attention to detail, enable him to design and implement robust data solutions that empower businesses to make data-driven decisions efficiently and effectively. Mark continually seeks to expand his knowledge and stay at the forefront of emerging technologies in the dynamic field of data engineering.

Exist Retail Solutions, Anahaw, Anahaw mPOS, pos provider philippines, pos system, point of sale system philippines, Java, Java developer philippines, NRCE, PRA, Retail Solutions
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Exist takes POS Systems and retail solutions to new heights at NRCE 2023
Exist takes POS Systems and retail solutions to new heights at NRCE 2023 1300 972 Exist Software Labs


Exist Software Labs (Exist) returns to this year’s National Retail Conference and Expo (NRCE) held at the SMX Convention Center, Pasay City on August 10-11, 2023.

Exist Retail Solutions, Anahaw, Anahaw mPOS, pos provider philippines, pos system, point of sale system philippines, Java, Java developer philippines, NRCE, PRA, Retail Solutions
Exist Retail Solutions, Anahaw, Anahaw mPOS, pos provider philippines, pos system, point of sale system philippines, Java, Java developer philippines, NRCE, PRA, Retail Solutions
Exist Retail Solutions, Anahaw, Anahaw mPOS, pos provider philippines, pos system, point of sale system philippines, Java, Java developer philippines, NRCE, PRA, Retail Solutions
Exist Retail Solutions, Anahaw, Anahaw mPOS, pos provider philippines, pos system, point of sale system philippines, Java, Java developer philippines, NRCE, PRA, Retail Solutions
Exist Retail Solutions, Anahaw, Anahaw mPOS, pos provider philippines, pos system, point of sale system philippines, Java, Java developer philippines, NRCE, PRA, Retail Solutions
Exist Retail Solutions, Anahaw, Anahaw mPOS, pos provider philippines, pos system, point of sale system philippines, Java, Java developer philippines, NRCE, PRA, Retail Solutions
Exist Retail Solutions, Anahaw, Anahaw mPOS, pos provider philippines, pos system, point of sale system philippines, Java, Java developer philippines, NRCE, PRA, Retail Solutions

Exist unveiled its new Anahaw Mobile Point-Of-Sale system (mPOS) at NRCE, which embodies the capabilities of its desktop counterpart, but is portable enough to be used in small spaces; such as kiosks and booth setups.

The global technology innovator also showcased pioneering retail solutions such as Electronic Shelf Labels (ESL), Samsung’s self checkout kiosk, integrated data analytics using EXSight and Tableau, and ERP/accounting system integration using Odoo.

Explore Exist Retail Solutions - developed to align with contemporary retail business demands, with a special focus on equipping you with a competitive advantage

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Tailored for medium and large retail enterprises, Exist Retail Solutions offers complete integration and is highly scalable and flexible, providing contemporary retailers with all-encompassing functionality. Products and services range from POS hardware and software, inventory and merchandising management, CRM, reporting and analytics, as well as accounting and financials management.

For the past 29 years, the National Retail Conference and Expo (NRCE) – spearheaded by the Philippine Retailers Association (PRA) – has stood as the premier platform for the nation’s foremost retailers, shopping center developers, and suppliers.

Did you miss us at NRCE 2023? Drop us a message to schedule a personalized demo and get firsthand experience of Exist Retail Solutions

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e-receipt
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Powering Efficiency: How Electronic Receipts (e-receipt) Benefit Energy Companies
Powering Efficiency: How Electronic Receipts (e-receipt) Benefit Energy Companies 1300 972 Exist Software Labs

In today’s fast-paced business environment, energy companies in the Philippines are embracing digital transformation to streamline their operations and enhance efficiency. One initiative where significant benefits are realized is the adoption of Electronic Receipts (e-receipt).

What are Electronic Receipts (e-receipt)?

Electronic Receipts (e-receipt) revolutionizes the way businesses manage their financial transactions, providing a seamless and paperless receipting experience. By harnessing cutting-edge digital technology, e-receipt allows companies to generate, send, and store official receipts with just a few clicks, eliminating the need for traditional paper receipts.

Bureau of Internal Revenue’s (BIR) Rules on Electronic Receipts (e-receipt) and e-invoices

On June 30, 2022, the BIR released Revenue Regulations No. 8-2022. Anchored on the amended Sections 237 and 237-A of the National Internal Revenue Code (NIRC) through Republic Act No. 10963 (TRAIN Law), these regulations chart a bold course toward issuing electronic receipts and invoices.

According to the Regulations, taxpayers required to issue electronic receipts or sales commercial invoices are the following:

  1. Taxpayers who export goods and services;
  2. Taxpayers who engage in electronic commerce (e-commerce); and
  3. Taxpayers who are under the Large Taxpayers Service (LTS).

This requirement is based on Section 47 of the National Internal Revenue Code of 1997, as amended.

With this development, manual receipts and sales or commercial invoices are left behind in favor of their digital counterparts. Energy companies are now embracing the conveniences of electronic invoicing, marking a transformative shift in tax reporting and compliance. The Regulations also outline the requirements for electronic reports of sales data to the BIR, further solidifying the digital revolution.

Schedule a free consultation and harness the full power of Exist’s Electronic Receipts (e-receipt) today

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Benefits of Electronic Receipt (e-receipt) for Energy Companies / WESM Participants

Are you a WESM participant? Implementation of the e-receipt brings numerous gains for energy companies like yours, should you decide to adopt it. Your company will benefit from efficiencies, cost savings, and improved and easy compliance with government agency regulations, including the BIR and IEMOP (Independent Electricity Market Operator of the Philippines, Inc.).

Here are some features you may take advantage of when using e-receipt systems:

  1. Easy WESM Transaction AllocationAs an e-receipt system user, you can upload transaction allocation data in PDF or Excel, as downloaded from the Central Registration and Settlement System (CRSS). These data can be from the Prelim, Final, Adjustment, or Additional Compensation run of CRSS. Additionally, the system efficiently handles reserve transaction allocation data, anticipating the availability of the Reserve Market. Furthermore, the system facilitates the consolidation of participants with identical records post-upload, ensuring meticulous record management.
  2. Seamless uploading of WESM Collection ReportsE-receipt allows you to upload monthly WESM collection reports easily.
  3. Efficient E-receipt GenerationThe utilization of e-receipt facilitates the processing of digital receipts in alignment with WESM Transactions. This obviates the need for manual scanning and signing of official receipts when uploading copies to IEMOP. Moreover, e-receipt aids in the systematic management of customer payments to align with both IEMOP’s recent BIR Ruling and the implementation of BIR’s electronic Invoicing/Receipting System (BIR EIS).
  4. Efficient Sales Data TransmissionEasily process e-receipt data for transmission to the BIR EIS (Electronic Invoice System) to comply with BIR rules and regulations.

By leveraging on the features and advantages of e-receipt, energy companies can optimize their operations and stay compliant with regulatory standards.

Benefit from streamlined operations and easy regulatory compliance with Exist Software Labs, Inc.’s Electronic Receipts (e-receipt) 

With over 20 years of experience and a multi-awarded technology innovator, Exist Software Labs specializes in developing energy solutions for various industry players such as generator companies (gencos), RE generators, retail electricity suppliers, distributors, WAG, and SOLAR.

Philippine energy companies including FirstGen, Manila Electric Company (MERALCO), Energy Development Corporation (EDC), San Buenaventura Power LTD.Co. (SBPL) have all trusted Exist to provide various solutions for their digital transformation requirements.

Transition to Electronic Receipt (e-receipt) today with Exist Software Labs, Inc., and achieve a seamless and paperless receipting experience.

E-receipt is only one means to harness the power of digital transformation.

Know more about how our Energy solutions can help you comply with energy regulators while improving your operations.

Contact Us Today
DevOps. Java. Java Developer. Data Solutions. Data Solutions Provider Philippines
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Nine (9) Effective Ways DevOps Minimizes Technical Debt
Nine (9) Effective Ways DevOps Minimizes Technical Debt 650 486 Exist Software Labs

DevOps is an amalgamation of philosophies, practices, and tools that addresses numerous developmental and operational challenges an organization faces, one of which is dealing with ‘technical debt’.

Technical Debt is accrued when less-than-ideal coding and design decisions are made – in order to get what the team requires now or if there is a need to go into production sooner.

TEST IN THE EARLY STAGES OF SOFTWARE DEVELOPMENT

This is a key DevOps Practice, to test early in the Software Development Lifecycle (SDLC), testing early is also known as “Shift-Left Testing”. It assists in finding and preventing errors from the early stages of the delivery process. It includes code coverage analysis, static code analysis, unit tests, as well as other code-level practices to catch errors at the earliest time possible where they cost the least to fix.

IDENTIFY AND RESOLVE MAJOR PROBLEMS FIRST

The DevOps Lifecycle has lean, short feedback cycles and faster iterations due to the enhanced level of collaboration between teams. This results in not having to wait until the next feature release to get a fix for bugs, security vulnerabilities, and usability issues, in addition, major complications that can affect users or operations are fixed instantaneously.

The process can be optimized further by defining a ranking for problems from low to high priority to help in deciding which issues should be attended to first. The team should be focus on solving these major problems first and not leave anything for a later time down the line.

CREATE IMPROVED COLLABORATION BETWEEN THE DEVELOPMENT AND OPERATION TEAMS

A possible reason for incurring technical debt or “code debt” is because development teams, regardless of how reluctant they are, may be forced into taking shortcuts to deliver on tight deadlines combined with struggling with constant changes or requirements. However, improving the collaboration between the Development and Operations teams can shorten the SDLC, and enable quicker deployments, in addition to increasing their overall frequency.

Continuous Integration/Continuous Deployment and Continuous Testing can make it easier for teams to navigate and deal with changes. In general, cultivating a collaborative culture inspires code reviews, good coding practices, and robust testing with mutual help.

HIGHLIGHT MORE AUTOMATION

In automating tedious time-consuming tasks, and others that prove to be more prone to errors, your teams will be granted more time to repay technical debt. Additionally, automation that is rooted in CI/CD, in terms of automated testing and building, and Infrastructure as Code (IaC) supports in recognizing debt earlier and facilitates continuous debt repayment. It also enforces code quality standards – hence, automation can reduce existing technical debt while also preventing any future debt.

MANAGE TECHNICAL DEBT

DevOps makes it easier to control and manage technical debt continuously. It empowers constant communication, allowing teams to track debt, incite awareness and resolve it as soon as possible. The appointed team leaders can also include a review of the technical debt into backlog and schedule maintenance sprints to deal with it promptly. DevOps also reduces the likeliness of having incomplete or deferred tasks in the backlog, further helping prevent incurring any additional debt.

CULTIVATE A DEVOPS CULTURE

In managing technical debt over long periods, a proper DevOps Culture will be the key. As we’ve said a number of times over, it encourages strong collaboration between cross-functional teams, provides autonomy and ownership, and practices continuous feedback and improvement. It’s a truly efficient platform in calculating and tracking technical debt whilst communicating it to other teams. A DevOps Culture can also be used as a way to educate and inform developers of the kind of codes that may introduce bugs and raise code quality.

DEFINE YOUR DEVOPS STANDARDS

A well-defined DevOps Standards will allow you to create quality gates for every code check-in before running tests and deployment. It saves your teams from repetitive, prone-to-error tasks while optimizing their development efforts. In enforcing certain DevOps Standards, it can also prevent your teams from cutting corners in the process, which is the major contributor to technical debt, thus, implementing exact DevOps Standards can maintain a high level of productivity and quality while ensuring excellent team morale and indirectly saving money for your organization.

SMOOTHER DEPLOYMENT PROCESS

You should consider utilizing containers to make deployments easier, containers are lightweight and portable and can simplify application development and deployment. A container orchestration tool like Kubernetes, automates container lifecycle in production, allowing your teams to focus on high-value tasks of refactoring apps. or lowering code debt.

APPLICATION PROGRAMMING INTERFACE (API) FIRST MODEL

The way application components communicate with one another is also critical in addressing technical debt, which can also be caused by different systems accessing services and data in ways that are unexpected to the team. If you implement APIs, it can make the interfaces more visible and increases the resilience of communications, due to bad links between different applications, an API-based model permits teams to make changes quickly without affecting the existing structure. In addition, any team that interacts with the service in question at a later date has a clearly defined set of expectations, as a result of this, it’ll be easier to roll out any changes/features with less technical debt.

Are you ready to make the most of your data to set your company up for success? Let Exist Software Labs, Inc. help you start your Data Maturity Journey today!

Data warehouse, big data and analytics, big data management, data management, data management philippines, data solutions philippines, Java, Java developer Philippines, master data management philippines
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Reasons why your business needs a Data Warehouse
Reasons why your business needs a Data Warehouse 650 486 Exist Software Labs

Data Warehouse and E-commerce

Imagine a large e-commerce company that has been operating for several years. Over time, the company has accumulated vast amounts of data from various sources such as customer transactions, website interactions, inventory management systems, and marketing campaigns. These data sources are spread across multiple databases, applications, and departments within the company.

As the company grows, the management team realizes that they need a unified and centralized view of their data to gain meaningful insights and make data-driven decisions. They also face challenges in extracting, transforming, and loading (ETL) data from different sources, which are crucial for performing complex analytics and generating accurate reports.

Furthermore, their current systems lack the scalability and performance required to handle the increasing volume and complexity of data. Queries on their operational databases are becoming slower and affecting the overall user experience. The company recognizes the need for a solution that can handle large data volumes, support complex queries, and provide fast response times.

At what stage should you be considering a Data Warehouse?  As per described in our data maturity analysis.


In this scenario, the organization may already be considering a Data Warehouse or realizing the need for one. A Data Warehouse can act as a central repository for all their disparate data sources, enabling them to integrate, consolidate, and organize the data in a structured and optimized manner. With a Data Warehouse, they can design efficient ETL processes, transform and cleanse data, and store it in a format suitable for analytics and reporting. 

So if you are at this stage you may already be considering or need a Data Warehouse.  

There are several compelling reasons why a business can benefit from implementing a data warehouse, particularly with Microsoft Azure. Here are some key reasons:

  1. Centralized Data Storage: A data warehouse provides a centralized repository for storing large volumes of structured and unstructured data from various sources. It enables organizations to consolidate data from disparate systems, databases, and applications into a single location, making it easier to manage and analyze data.
  2. Improved Data Accessibility: By using Microsoft Azure, a data warehouse can be hosted in the cloud, offering accessibility from anywhere at any time. This enables employees to access and analyze data using familiar tools and interfaces, fostering collaboration and data-driven decision-making across departments and locations.
  3. Scalability and Performance: Azure provides scalability features, allowing the data warehouse to grow and handle increasing data volumes effortlessly. With Azure’s elastic scaling capabilities, businesses can adjust the computing resources allocated to the data warehouse, ensuring optimal performance and response times, even with large datasets and complex queries.
  4. Advanced Analytics and Reporting: A data warehouse provides a solid foundation for advanced analytics and reporting. By integrating Azure services like Azure Synapse Analytics, Power BI, and Azure Machine Learning, businesses can gain powerful insights from their data. They can perform complex data transformations, run sophisticated analytics, build interactive dashboards, and develop machine learning models to drive data-based decision-making.
  5. Data Integration and Transformation: A data warehouse offers robust data integration and transformation capabilities. With Azure Data Factory, businesses can efficiently extract data from various sources, transform it into a consistent format, and load it into the data warehouse. This enables organizations to combine data from different systems, ensuring data consistency and integrity for analysis and reporting purposes.
  6. Data Security and Compliance: Azure provides robust security measures to protect data in transit and at rest. It offers encryption, identity, and access management, and compliance certifications to meet industry-specific regulations. Implementing a data warehouse on Azure ensures data security and compliance with privacy laws, enhancing trust and mitigating potential risks.
  7. Cost Optimization: Azure’s pay-as-you-go model allows businesses to optimize costs by scaling resources based on demand. Data warehousing on Azure eliminates the need for upfront hardware investments, reduces maintenance costs, and enables organizations to pay only for the storage and computing resources they use.
  8. Real-time Data Insights: Azure provides real-time data processing capabilities through services like Azure Stream Analytics and Azure Event Hubs. By integrating these services with the data warehouse, businesses can gain timely insights from streaming data, enabling real-time decision-making and enhancing operational efficiency.

In summary, implementing a data warehouse with Microsoft Azure offers centralized data storage, improved accessibility, scalability, advanced analytics capabilities, data integration, security, cost optimization, and real-time insights. These benefits empower businesses to unlock the full potential of their data, make informed decisions, and gain a competitive edge in today’s data-driven world. 

Like one of our clients, the Universities Project. By leveraging Microsoft Azure Synapse, Universities can build a powerful student information system that centralizes data storage, improves accessibility, enables scalability, offers advanced analytics capabilities, integrates data from various sources, ensures security, optimizes costs and provides real-time insights. This comprehensive solution enhances administrative efficiency, supports data-driven decision-making, and fosters student success initiatives.

Exist Data Solutions offers custom project-based development services, tailored fit data solutions, and consulting services. Exist can assist you with all your data management needs. Click here to learn more about Exist Data Solutions.

Top PH Bank Leaders attended the Exist Software Labs CIO Roundtable, Humanized Banking, Java Philippines
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Accelerating Banking Digitalization: Insights and Innovations from the Humanized Banking CIO Roundtable 2023
Accelerating Banking Digitalization: Insights and Innovations from the Humanized Banking CIO Roundtable 2023 1300 972 Exist Software Labs

On June 22, 2023, banking leaders, technology experts, and decision-makers converged at the Grand Hyatt, BGC for a momentous event — CIO Roundtable Humanized Banking: Building Brand Loyalty Through Security and Seamless Banking. This exclusive gathering aimed to drive humanized experience of digitalization in the banking industry. Throughout the event, industry experts, including Exist Software Labs, Inc., shared their insights and experiences, emphasizing the role of innovative technologies like AI, YugabyteDB, and embedded finance in delivering exceptional customer experiences.

Kick-off and Welcome Remarks:

Jonas Lim, the Vice President for Engineering of Exist, set the stage for the roundtable with his thought-provoking welcome remarks. He delved into the significance of digitalization in the banking sector, highlighting the potential for technological advancements to revolutionize customer experiences and drive operational efficiency.

Jonas Lim speaking about humanized banking roundtable

Explore the Power of Digital Banking

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Engaging Insights and Use Cases from Top Banks:

Representatives from leading banks in the Philippines took the stage, sharing their experiences, challenges, and success stories in adopting digital banking solutions. With a focus on security, infrastructure, AI, automation, and seamless customer experiences, these industry leaders highlighted the vital role that technology experts like Exist  play in enabling transformation.

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Sessions and Concluding Insights:

The roundtable comprised four insightful sessions, each shedding light on different aspects of humanized banking. In each session, Exist Technology Directors Jejomar Dimayuga and Dennis De Vera and YugabyteDB Head of Sales, Dennis Sze, together with Jonas Lim, provided comprehensive summaries and key takeaways.

Jejomar Dimayuga Exist Software Labs
Dennis De Vera Exist Technology Director
Dennis Sze from Yugabyte

One session that stood out was Session 3, which revolved around enabling borderless digital customer engagements through data compliance. YugabyteDB, an open-source database, took center stage during this session, showcasing its capabilities in ensuring robust and scalable infrastructure to support seamless customer experiences and scalable databases. Dennis Sze’s expert explanations and insights further enriched the discussion.

The CIO Roundtable witnessed a distinguished gathering of banking leaders, with representatives from renowned institutions such as:

  1. Robinsons Bank
  2. PBCOM
  3. CTBC
  4. Philippine National Bank
  5. BPI
  6. Maya Philippines, Inc.
  7. Standard Chartered Bank
  8. UnionBank of the Philippines
  9. CIMB Bank Philippines
  10. FWD Philippines
  11. Eastwest Bank
  12. Metrobank
  13. DICT
Top PH Bank Leaders attended the Exist Software Labs CIO Roundtable

Looking Ahead:

The Humanized Banking CIO Roundtable served as a catalyst for accelerating digital transformation within the banking industry. By embracing cutting-edge technologies like embedded finance, AI, database modernization and many more digital banking solutions from Exist and Yugabyte, banks can become well-positioned to deliver personalized experiences, enhance security measures, and drive rational efficiency.

Exist Software Labs, Inc., as a leading digital banking solutions provider, remains committed to enabling the industry’s evolution towards humanized banking. Through its expertise in Mobile Internet Banking, Accounts Onboarding, Loans Management System, APIM, and Corporate Internet Banking, Exist empowers banks to navigate the ever-changing landscape while fostering long-term customer loyalty and satisfaction.

As the event concluded, the participants left with valuable insights and a renewed commitment to harnessing technology to deliver exceptional banking experiences. The Humanized Banking CIO Roundtable marked a significant milestone in the journey towards secure, seamless, and customer-centric banking, and the collaborative efforts of all involved promise a brighter future for the industry.

Contact Us Today to Learn More about Digital Banking!

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The Future Energy Show Philippines 2023
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Exist Software Labs, Inc. showcases top-notch Energy System Solutions at The Future Energy Show Philippines 2023
Exist Software Labs, Inc. showcases top-notch Energy System Solutions at The Future Energy Show Philippines 2023 650 486 Exist Software Labs


In the dynamic landscape of the energy industry, Exist Software Labs, Inc. stood out as they showcased their cutting-edge Energy System Solutions at The Future Energy Show Philippines 2023!

The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023
The Future Energy Show Philippines 2023

One of the distinguished speakers at the Future Energy Show Philippines 2023 was Jose Jr. Layug, President of Developers of Renewable Energy for AdvanceMent, Inc (DREAM). With his extensive knowledge and experience, Layug took the stage to shed light on the challenges of transmission and distribution (T&D) in the realm of renewable energy.

Similar to numerous nations worldwide, the Philippines confronts a multitude of hurdles and potential advantages while navigating the transition of its transmission and distribution (T&D) systems toward renewable energy sources.

In relation to this shift, there are several forthcoming challenges and factors to be mindful of, including the integration of the grid, the utilization of data analytics and forecasting, effective management of energy storage, the implementation of intelligent grid solutions, and the assurance of robust cybersecurity measures.

Want to learn more about how IoE can help the Energy Industry?

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To overcome these obstacles, it is imperative to foster collaboration among policymakers, regulators, industry participants, and an IT Solutions Company that specializes in facilitating the rapid adoption of renewable energy sources, thereby enabling a swift and successful transition toward a sustainable and resilient transmission and distribution (T&D) system.

Embrace the future of renewable energy with Exist Software Labs, Inc.!

The Future Energy Show Philippines 2023 was ablaze with excitement as Exist Software Labs, Inc. showcased its Energy System Solutions, leaving a lasting impression on attendees.

As an official exhibitor, Exist presented its cutting-edge Cloud-based Billing and Trading Solutions, Internet of Energy Solutions, and Digital Transformation solutions meticulously crafted for the energy industry. 

With an impressive 20-year track record in system development, Exist has become synonymous with excellence. Their commitment to developing energy system solutions for Traditional Generators, RE Generators, RES, Distributors, WAG, SOLAR, and RES was evident at the event. 

Witnessing Exist’s exceptional solutions firsthand at The Future Energy Show Philippines 2023 was a testament to their unwavering dedication to revolutionizing the energy sector.  Don’t miss the chance to explore the transformative potential of Exist’s comprehensive Energy System Solutions and drive your energy operations to unprecedented heights.

Discover how our services can empower Renewable Energy Companies in enhancing their energy systems. Learn more today!

Need a Smart Metering System but not sure where to start?

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Energy Billing and Trading
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How Cloud-Based Energy Billing and Trading System can help Energy Companies
How Cloud-Based Energy Billing and Trading System can help Energy Companies 650 486 Exist Software Labs

Energy billing and trading is a complex process. It involves many stakeholders, regulations, and processes that need to be carefully managed to ensure accuracy and efficiency.

In the Philippines, the energy sector is regulated by the Department of Energy (DOE), which sets policies and guidelines for energy billing and trading. However, like in many developing countries, the energy sector in the Philippines can be subject to challenges such as limited infrastructure, high costs, a lack of technology and systems to support effective billing and trading, and more.

With DOE’s efforts to switch from fossil fuels to clean energy and power supply shortage, we expect a rise in the number of energy producers in the country. And many of these energy companies are struggling to acquire a high operational efficiency and cost-effective Energy billing and trading system.

Here are some common issues that can affect the operational efficiency of energy companies in their billing and trading operations:

  1. Difficulty in Marketing
    a. Manual tracking of customer allocation from generating facilities
    b. Lost opportunities for possible engagement with new customers
  2. Trading and Billing Data Synchronization
    a. Companies are having difficulty tracking trading and billing transaction data.
  3. Data Management Process
    a. Difficult monitoring and validation due to multiple data sources such as spreadsheets, email, and multiple databases across systems
  4. Real-time data integration is minimal to non-existent
    a. Companies face challenges in achieving real-time data integration to NMMS, CRSS, PREMS, and other IEMOP and PEMC-related open applications, and other data sources.
  5. Dynamic Billing Computations
    a. Energy companies are having problems in the manual process of creating complex billing computations per customer/client

Overall, these are some of the general issues that can affect the operational efficiency of energy companies in billing and trading and can have a negative impact on their financial performance, customer satisfaction, and market competitiveness.

With this in mind, it is best suggested that every energy company have a platform that can effectively manage crucial billing and trading operations. A platform that can increase overall system efficiency, is ready for integration, resilient, fault-tolerant, and won’t set you back an arm and a leg.

Need help with WESM Mindanao commercial operations? Schedule a free consultation today!

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That’s why we’re here to help energy companies like you!

Exist Software Lab’s Full Cloud-Based Energy Billing and Trading Solutions!

Our Energy billing and trading solution is infrastructure-agnostic and fully scalable. It has ready access to NMMS, CRSS, PREMS, other IEMOP, and PEMC-related open applications, as well as other data sources.

If you’re losing your sleep over complex billing, worry no more! Because we can help you create complex computations for each customer with our template-based billing computations formula engine/builder.

Our cloud-based energy billing and trading platform can increase the efficiency of your system and improve overall operational performance; here are some of the benefits you can achieve:

  1. Easily Comply with WESM rules – Avoiding WESM penalties can save energy companies significant amounts of money, as penalties can be costly and may affect their reputation and ability to do business. By investing in an efficient billing and trading system, energy companies can improve their compliance with WESM regulations, avoid penalties, and maintain their trading privileges, ultimately resulting in cost savings and a more profitable business.
  2. Cost Efficient – Automating billing and trading processes can reduce the time and labor required to perform these tasks, which can result in significant cost savings for energy companies.
  3. Increased Efficiency– Using cloud technology, energy billing, and trading can be streamlined and automated, reducing manual errors and increasing overall efficiency.
  4. Timely – Achieve an efficient system that generates bills quickly and accurately.
  5. Integration-Ready – Readily available connections to NMMS, CRSS, PREMS, other IEMOP, and PEMC-related open applications, and other data sources
  6. Fully Scalable – A cloud-based platform can easily scale up or down as needed, accommodating changes in business growth and energy usage patterns.
  7. Infrastructure-agnostic – Deploy on a bare-metal server, virtual machine, or any cloud provider as a service or container
  8. Flexible Billing – Via formula engine/builder for template-based billing computations for each customer
  9. Resilient and Fault-tolerant – Unaffected by a single failure due to fault isolation offered by individual modules
  10. Customizable – Modules can be customized based on your business rules and requirements
  11. Easy Monitoring – Your ultimate solution for seamless payment and collection management
  12. Infrastructure-agnostic – Deploy on a bare-metal server, virtual machine, or any cloud provider as a service or container

Overall, managing energy billing and trading can be a bit challenging, but with the right system and partner in place, you can manage your operations a lot more efficiently.

We can be the best partner for all of your Energy System needs!

Developing new systems can be a complex and challenging process, especially when it comes to technology and energy markets. Our organization has the necessary expertise and experience to guide and help organizations carry out new solutions, such as developing a new system for their day-to-day operations with Phil Renewable Energy Market System (PREMS) and Wholesale Energy Spot Market (WESM) systems.

We are dedicated to the development of energy systems for Traditional generators, RE generators, RES, distributors, WAG, SOLAR, and RES. FirstGen, Meralco, Energy Development Corporation (EDC), San Buenaventura Power LTD.Co. (SBPL) , and many others are among the clients we have worked with over the years.

Energy Billing and Trading Automation are one of our primary solutions. We recognize the growing importance of energy trading in today’s world and the need for reliable billing systems to support this industry. That’s why we work closely with energy companies to create a fully integrated, scalable, and cloud-based billing and trading system.

Our solution is designed to be resilient and fault-tolerant, providing you with the peace of mind to focus on running your business with minimal intervention required. Don’t wait any longer, experience the benefits of an integration-ready, fully scalable, and more with our Energy Cloud-based Billing and Trading System today!

Need an Energy Billing and Trading System but not sure where to start?

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Exist Partners with Jumio to Secure Onboarding and Avoid Financial Fraud in the Philippines, Philippines
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Exist Partners with Jumio to Secure Onboarding and Avoid Financial Fraud in the Philippines
Exist Partners with Jumio to Secure Onboarding and Avoid Financial Fraud in the Philippines 1300 972 Exist Software Labs

In today’s digital age, financial institutions are increasingly moving their services online. However, with this comes the risk of fraud and identity theft, which can have severe consequences for both the financial institution and the consumer. This is where eKYC, fraud prevention, and identity verification come into play.

The Partnership Between Exist Software Labs, Inc. and Jumio

Exist Software Labs, Inc., a leading Java developer in the Philippines, and Jumio, a leading provider of end-to-end identity proofing, risk assessment and compliance solutions, have partnered to create a secure and automated online onboarding process for bank consumers in the Philippines. This partnership will allow financial institutions in the Philippines to offer a streamlined and secure onboarding experience for their customers.

“We are thrilled to partner with Exist Software to provide a complete biometric identity verification solution that helps financial institutions in the Philippines create a seamless, secure and innovative onboarding experience.” said Frederic Ho, Jumio VP of APAC.

Jumio’s solutions use artificial intelligence, machine learning and biometrics to verify the identity of individuals quickly and accurately. This will help financial institutions in the Philippines to comply with Know Your Customer (KYC) regulations and prevent fraud. Exist Software Labs will provide consultancy and cutting-edge products and services to support the integration of Jumio’s solutions into existing banking systems.

Explore the Power of Digital Banking

Start your Digital Banking journey that is secure, scalable, connected, cloud-ready & flexible.

Check it Here

How This Partnership Will Benefit Filipinos?

This partnership will benefit Filipinos by providing them with a more convenient and secure way to open and manage their bank accounts online. Since the pandemic, more and more people are turning to online banking services. This partnership will provide a way for Filipinos to access these services without compromising their personal information.

The automated onboarding process will also reduce the time it takes for customers to open a new account, making it more convenient for them. This will help increase financial inclusion in the Philippines, where many people still do not have access to traditional banking services.

“In Exist, we often use the tagline “There’s always a better way”. It’s specially exemplified by our partnership with Jumio.  Jumio’s technology solutions in the identity verification space together with Exist’s technology solution allow us to provide our BFS clients with a better and seamless onboarding experience that is both secure and innovative. We are excited and look forward to expanding this partnership further seeing how their technology can truly benefit the onboarding experience of the Philippine’s financial institutions.” said Jonas Lim, Exist VP of Engineering

Finally, this partnership will help prevent financial fraud, which is a significant problem in the Philippines. By implementing robust identity verification and fraud prevention measures, financial institutions can protect their customers from identity theft and other forms of fraud.

In conclusion, the partnership between Exist Software Labs and Jumio is an exciting development for the Philippines’ banking industry. By providing secure and automated onboarding processes, financial institutions can offer their customers a more convenient and secure way to access banking services online. This will help increase financial inclusion and prevent financial fraud, making it a win-win situation for everyone involved.

Contact Us Today to Learn More about Digital Banking!

Start your Digital Banking journey that is secure, scalable, connected, cloud-ready & flexible.

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The Crayon ISV Day: Exist Software Labs, Inc. Attends Tuklas 2023, Java, Java Philippines
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The Crayon ISV Day: Exist Software Labs, Inc. Attends Tuklas 2023
The Crayon ISV Day: Exist Software Labs, Inc. Attends Tuklas 2023 1080 1080 Exist Software Labs

On April 20th, 2023, an event was held at the One Ayala West Tower that brought together the best Independent Software Vendors (ISVs) in the Philippines to showcase their digital solutions to help companies improve their IT estate. Crayon, in partnership with Microsoft Philippines, aimed to bring a unique experience that inspires customers to explore world-class solutions from homegrown ISVs. The event was a massive success and granted its participants an incredible opportunity to connect with like-minded customers, thought leaders, and industry experts to exchange insights on the latest trends in the digital landscape.

WHO IS CRAYON?

They are headquartered in Oslo, Norway with more than three thousand (3,000+) employees in over fifty (50) offices scattered in nearly forty (40) countries. Crayon operates a global, customer-first, vendor-agnostic IT consultancy.

If you are not familiar with what Independent Software Vendors (ISVs) do, please allow me to break the flow for a minute so that I may shed some light on the subject.

WHAT ARE INDEPENDENT SOFTWARE VENDORS (ISVs)?

They are individuals or organizations that develop, market, and sell software solutions that run on one or more computer hardware providers like Intel, operating systems like Windows, or cloud computing platforms like Azure.

ISV CERTIFIED

Independent Software Vendors will only qualify for this certification if they can offer the best and most relevant software solutions. In order to measure this, computer hardware providers, operating systems, and cloud computing platforms will test all ISVs who want to offer their software solutions on their respective marketplace.

If we take Microsoft for example, an organization that develops computer hardware (Xbox), an operating system (Windows), and a cloud computing platform (Azure). They used to offer Silver and Gold ISV Certifications to Independent Software Vendors whose product can pass their rigorous quality tests whilst proving that they can offer the top software solution to Microsoft’s customers on each of their marketplaces. However, Microsoft is now transitioning from the Silver and Gold designations and is now classifying qualified partners with their new Solutions Partner designations, more about that in the future.

FUN FACT: An ISV Partner is fundamentally similar to an ISV Certified Independent Software Provider – they can resell their software solutions on computer hardware providers’, operating systems, or cloud computing platforms’ marketplaces. The main difference is that most ISV Partnership Programs are not as exclusive as ISV Certified Programs.

TUKLAS 2023

The event started with a rousing opening remark from Crayon’s Jowie Alcala – Channel Sales Director who kindly welcomed the participants into the event whilst sharing their motivations on why the event was held in the first place.

The first keynote of the day, “Transforming Organizations into Industry Leaders with ISV Partners” by Gabriel Eric Villanueva – Business Development Manager at Crayon Philippines, is where he spoke about how they would like to encourage and help their partners scale not only locally but into the Asia Pacific (APAC) region as well. Gabriel also bared his excitement about showcasing the enormous talent present in the Philippine market on a larger international stage.

ISVs and Crayon can leverage their partnerships to support a larger portion of the Asia Pacific region which currently, according to Crayon’s study, only a little over seven (7%) percent is being covered. Crayon has allocated enough of its resources to support its partners with their business and the technical aspect of their solutions.

In addition, they are continually increasing their investment in these activities. The support of Microsoft is critical, as Gabriel guarantees that participants will be provided with the latest announcement from Microsoft to ensure that they are aware of the numerous programs, like the Azure Migration and Modernization Program, in place and maximize its effects on their businesses.

Chas Mann – ISV Director for Asia Pacific at Crayon discussed the co-sell initiatives they plan on implementing and how ISVs are a massive focus for them at Crayon. There is confidence in the idea that in order to encourage growth, co-selling is the next stage. He shares what the new co-sell program that they are piloting across the Asia Pacific and across other regions will look like and how it could benefit the ISVs.

The program begins with a focus on current market expansion, Crayon finds that understanding the opportunities present in the country or region an ISV is working in is key in order for them to aid in growth and sell their partners’ solutions more effectively to their internal base of customers locally.

The next step is expanding internationally, possibly across the Asia Pacific or even across Europe and North America. Crayon has over seventy-thousand (70,000+) customers that they can tap and offer their partners’ solutions and services globally.

There were also keynotes from other ISVs, including Exist Software Labs, Inc.’s very own and the only female speaker at the event, Senior Business Development Manager, Ms. Jemelyn Ambrosio. She proudly championed Exist and delivered an inspiring keynote citing how Exist has “become the tech partner of companies who are distinguished leaders in their industries such as healthcare, retail, banking, and finance to power and energy.

Exist has helped create exceptional value for more than one hundred (100) institutions like SLMC, CGH, Carrefour IND, Puregold, BDO, Globe, RBank, PEMC, IEMOP, and First Gen. to name a few. We implement state-of-the-art software innovations mostly by introducing the use of cloud-native technologies.”

In addition to promoting Exist as an IT company with more than two decades of experience providing cutting-edge technology solutions and services to some of the top Fortune 500 Companies globally. She also highlighted some customer success stories who Exist has continually enhanced businesses and supported for numerous years to this day.

In and amongst her group were five (5) other ISVs:
Mr. Bo Lundqvist – President & CEO of Retail Associates, a retail solutions advisory firm.

Mr. Allen Kristian Vasquez – President of Rakso CT, a digital solutions provider focusing on education.

Mr. Eumir Santiago – Chief Executive Officer of SD Solutions, creators of PAYDAY.PH, a payroll computation software solution.

Mr. Paul Soliman – Chief Technology Officer of Likha NFT, a non-fungible token platform and marketplace.

Mr. Julius Domingo – Chief Information Office of Highly Succeed, an IT servicing and product company, specializing in web-based services.

They all provided extremely insightful keynotes on the companies they represent, highlighting what they bring and can offer to various industries locally.

The keynotes were special, however, they weren’t the only highlights of that day. We were also able to introduce some of Exist’s solutions and services to other participants at the event when the ISV Exhibits opened in the afternoon. There were also vouchers generously given away courtesy of Crayon and Microsoft by way of exciting raffle draws. The two breakout sessions, each about an hour long, were held so that partners could learn more about the initiatives they could run as ISVs to attract new customers.

Pagyamanin (Enrich) for Sales and Business Development Representatives

In this track, the subjects covered were Crayon’s Incentive Programs for H1 2023 by Jowie Alcala – Channel Sales Director at Crayon Philippines, Microsoft FY23 Incentives for ISV Partners by Ronna Kristel de Leon – Territory Channels Manager (SMB Commercial) at Microsoft Philippines and Marketing Initiatives to Get More Wins by Myles Velazco – Vendor Program Director at Crayon Philippines.

Palawakin (Scale) for Pre-Sales and Technical Representatives

In this track, the subject covered were Security Best Practices to Secure the Baseline by James Cortes – Cloud Security Architect at Crayon Philippines, Closing CSP Partner Deals thru Microsoft Programs by James Gabriel de Castro – Territory Channels Manager (SMB for Azure), and Co-Selling and P2P Motion with Crayon and Microsoft by Gabriel Eric Villanueva – Business Development Manager at Crayon Philippines.

The event was an incredible success from the get-go, it was an incredible opportunity for all the participants on-site and online to get familiar with the industry and each other at a chance of collaborating and supporting each other’s business to grow and flourish. We’d like to extend our thanks to Crayon Philippines and Microsoft Philippines for inviting us to this event and giving us a platform to showcase our company’s capabilities and competencies. It was an invaluable experience to be a part of, especially for myself who is new to the industry. I personally look forward to more events like this in the future, learning and exploring while IT endlessly develops and improves.

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