Software rentals through subscription payment model
In a recent interview to Businessline, WRENCH CEO, K. Varghese Daniel announced the introduction of a subscription payment model, which allows customers to use WRENCH software suite as Software-as-a-Service(SaaS). The market slowdown has forced companies to shift from Capex to Opex to reduce cost. SaaS enables customers to simply stop using the system if the project is discontinued. In this article recently published in the magazine of Association of Consulting Engineers, UK; WRENCH CEO Varghese Daniel discloses 3 changes that will help EPC companies during global construction boom. With projects being farmed out to multiple partners, stakeholders, consultants, vendors - many of whom never worked together before - Mr. Varghese emphasizes the relevance of Work as One - One Team, One Process, and One Culture. Read the full article here. http://www.infrastructure-intelligence.com/article/oct-2014/three-changes-will-help-you-global-construction-boom< Product Lifecycle management specialists WRENCHTM Solutions would like to pass on hearty congratulations to the Vikram Sarabhai Space Centre (VSSC) on the event of their successful test-flight of Geosynchronous Satellite Launch Vehicle Mk-III earlier last week. We have been associated with VSSC since 2002 said Varghese Daniel, Founder and CEO, WRENCHTM Solutions, and I am immensely proud to have been a part of this latest proof of 'India Shining', even in a very small way. As an Indian and as an IT entrepreneur I am honoured to have worked with (former) VSSC Director S Ramakrishnan who headed the project till 2006, and whose vision has been instrumental in making all this possible. VSSC has been using WRENCHTM technology since 2004, around the time ISRO realised the need for bigger rockets to carry heavier satellites. Around the same time WRENCHTM started deploying its R&D-centric Product lifecycle management software which allowed Scientist, engineers and project managers to create, change, archive and share data quickly and efficiently, and with 100% adherence to quality and stringent multi-level security built in. The software turned out to be the perfect match for VSSC's needs and in August 2004 the WRENCHTM Integrated Product Engineering and Programme Management System was formally inaugurated by Dr. G. Madhavan Nair, then-chairman of ISRO. The Project Director of GSLV MK3 and Associate Director Mr.S.Somanath has been instrumental in extending the use of WRENCHTM on other projects such as PSLV, GSLV, HSP etc., having seen the benefits of using it in his own project. LVM3 being the next generation vehicle there has been frequent changes in the product configuration during the development phase and hence maintaining perfect configuration control and enabling the multiple organizations and division to work concurrently was critical to ensure 100% quality and to keep the schedule, WRENCHTM has helped us in the same said Mr.Somanath.