Insights by Cezara Pralea

Every logistics operation runs on precision. From warehouse sensors to GPS trackers, the industry has mastered real-time visibility for goods in motion. Yet, behind all that speed and data-driven coordination lies a process that still moves at a crawl: invoice management.

By definition, a thing that’s unique is “the only one of its kind”, consequently we can’t measure with complete accuracy something that’s entirely new. We can, however, recall from past projects certain patterns, some similarities that reduce the risk and increase the accuracy of our estimates. In software development, estimation is the process of predicting the most likely amount of effort (time and budget) required to build or maintain a software system. Only after going through the estimation process can we be comfortable to offer a price range for your digital product. But before explaining how we do estimates, let’s have a quick look at what typically happens after you make a request for proposal.

As an entrepreneur and startup founder, you have faith in your new business. You believe that investing time and effort into developing your idea, going to meetings, putting together a team, pitching to investors, and making a lot of sacrifices will pay off and your business will be successful. The reality is that 90% of startups fail, 10% of which during the very 1st year and 70% during years 2 to 5, according to Failory’s 2020 Report. Indirectly, this statistic emphasises how utterly bonkers one must be to still go ahead and found a startup against all these chilling odds.