Highlights
- Shipping software called MARiS to offer next generation of complete commercial shipping solutions
- MARiS’ architecture allows companies to adopt literally every single system logic and behavior
- Promises to deliver flexible functionalities based on the company’s requirement
The meaning of the word ‘Next Generation’ has been defined by the Cambridge dictionary as follows: “Used to describe a product that has been developed using the latest technology and will probably replace an existing product”.
However, the meaning and interpretation of the word are subjective as it differs from one person to another.
Technological Perspective
From the technological aspect, there is a tremendous shift occurring within the shipping and the trading industry. This move is expected to bring about a greater digitization impacted by Singular Point’s shipping software called MARiS – the next generation of complete commercial shipping solutions.
Numerous software vendors have been offering a solution within the industry and many of them are forced to follow the functionalities and processes provided by the software. Making changes to the system is not possible and comes at a very expensive cost.
Consumption of time and resources
Currently, the companies have been shelling out time and resources on integrating the data into the shipping software. They also have to ensure that the communication systems during the integration process. Moreover, the complexity of integration and cost of change of current shipping solutions, this has forced companies to fall into standardization and missed the opportunity to evolve digitally.
Furthermore, asking the vendor for change anything within a shipping system, can also contain some hidden risk. Imagine a vessel owning company would like to add new functionality within the system, which will provide value to its daily business and give it a competitive edge over its competition.
Enhanced software
Software enhancement will allow the software vendor to re-sell the enhancement to another vessel owning company and thus potentially remove the competitive edge. For those and other reasons, MARiS has the potential to become a game changer in the industry and thus reach the next generation level.
Besides all the traditional chartering, operational, financial and reporting features a shipping software normally comes along with, MARiS offers additionally a new level of flexibility. The MARiS’ architecture basically allows companies to adopt literally every single system logic and behavior, according to their specific business requirements.
This includes changing the way how the system should behave including data model, business logic, process representation, workflow and much more, without relying on a 3rd party vendor or Singular Point.
Web-based solution
Furthermore, MARiS is a web-based solution, which enables companies to integrate with minimum effort and thus low cost, any desired data into the system. This could include, data delivered by sensors from a vessel’s engine, data coming from another system such as SAP, or from a Commodity Trading and Risk Management (CTRM) system, allowing companies to access and analyze their data in one place – in MARiS.
Singular Point’s MARiS University will provide MARiS users all the instruments necessary to evolve their version of the system in any direction they will want, finally empowering the market players to stay unique and not fall into the standardization forced by other systems available today. This flexibility and the architecture’s power has attracted the attention of many companies in the shipping and commodity trading industry and underlines the need for a more flexible solution, which MARiS delivers.
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Source: MARPRO
