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Delivering Innovation
Delivering Innovation

Today, I’ll be covering two things: Why switching systems integrators can benefit your facility and how to go about making the switch. If you already know why switching to a new systems integrator will benefit your facility and are more interested in figuring out how to switch, feel free to skip this next part and check out the following section.
 Why is Switching Systems Integrators Worth the Effort?
First, know that there are a series of signs that can alert you that it’s a good idea to switch from your current integrator to a new one

1.Malfunctioning Automation and Broken Controls
2.Slow service response
3.Lack of knowledge of your specific industry
4.Missing deadlines
5.Incomplete service offerings
No single point of responsibility from current integrator.

Overall, if this list reminds you of your current provider, choosing a new provider better suited to your needs will benefit your facility in a number of ways. For example, with up-to-date, modern technology running your processes, your facility will increase its efficiency.
Updated automation technology helps facilities increase efficiencies by:

Automating previously manual tasks
Reducing product waste
Increasing yields without increasing production time
Increasing yields without inputting more material
Answering service calls immediately
Reducing facility downtime
Providing a much safer system and facility

All of these items work together to increase overall efficiency and benefit your bottom line.
Depending on your particular circumstances, there might be more risk associated with staying with a provider who doesn’t meet your needs than there is in finding a new provider. But, how do you go about switching to a new provider?
How to Switch to a New Systems Integrator
The first step in making the switch is to uncover what qualities you’re looking for in a new provider. One great way to get started is to list out the way your current provider is not meeting your needs. You can use this blog to help you get started.
Next, look for new providers you might want to switch to. It’s good to consider things like location, service area, service hours (are they 24/7/365?), level of experience, and relevant industry experience.
Then, it’s time to contact any potential providers to assess whether or not they’re a fit you’re your facility. Remember to ask questions about their services, capabilities, processes, and experience. During those initial conversations, be sure to pay attention to their communication style and how organized their approach is. These things will make a big impact on your ongoing professional relationship with any provider you choose. Most importantly make sure to contact their industry references to ensure the projects they have produced were as the client expected.

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Kevin M. Palma

Director

Mr. Palma has served as a Director of the Company since June 2016, and is a member of the Audit and Compensation Committees.

Mr. Palma served as the Chief Financial Officer of B-29 Investments, LP, an energy private equity firm, from 2006 until he was promoted to Chief Operating Officer in December 2018, and also served as the Chief Financial Officer of B-29 Family Holdings, LLC, a family office, since its inception in 2014 until December 2018. In his role within the private equity space, Mr. Palma focuses on investment strategy, investment execution, and portfolio company management for both privately-held and publicly-traded companies.

Mr. Palma currently serves on several private company boards, including Silver Creek Oil and Gas, LLC, Caliber Completion Services, LLC, and Klear Bit Technologies, LLC. His past experiences on private company boards include Crest Pumping Technologies, LLC and TEC Holdings, LLC (which was recently rebranded as AXIS Energy Services, LLC).

Kevin M. Palma

Prior to his roles at B-29, Mr. Palma was a member of the energy investment banking team at Raymond James & Associates, focusing on capital market raises and merger and acquisition activity.

Mr. Palma is licensed as a Certified Public Accountant in the State of Texas, and holds a Master of Business Administration from the Harvard Business School in addition to a Bachelor of Business Administration and a Master of Public Administration from the University of Texas.

Committee Membership: Audit Committee, Compensation Committee

Kevin M. Palma

Director

Kevin M. Palma

Mr. Palma has served as a Director of the Company since June 2016, and is a member of the Audit and Compensation Committees.

Mr. Palma served as the Chief Financial Officer of B-29 Investments, LP, an energy private equity firm, from 2006 until he was promoted to Chief Operating Officer in December 2018, and also served as the Chief Financial Officer of B-29 Family Holdings, LLC, a family office, since its inception in 2014 until December 2018. In his role within the private equity space, Mr. Palma focuses on investment strategy, investment execution, and portfolio company management for both privately-held and publicly-traded companies.

Mr. Palma currently serves on several private company boards, including Silver Creek Oil and Gas, LLC, Caliber Completion Services, LLC, and Klear Bit Technologies, LLC. His past experiences on private company boards include Crest Pumping Technologies, LLC and TEC Holdings, LLC (which was recently rebranded as AXIS Energy Services, LLC).

Prior to his roles at B-29, Mr. Palma was a member of the energy investment banking team at Raymond James & Associates, focusing on capital market raises and merger and acquisition activity.

Mr. Palma is licensed as a Certified Public Accountant in the State of Texas, and holds a Master of Business Administration from the Harvard Business School in addition to a Bachelor of Business Administration and a Master of Public Administration from the University of Texas.

Committee Membership: Audit Committee, Compensation Committee