These days, companies in virtually each industry are using complicated business software to boost their growth, but many are still struggling to keep up with their growth and handle their costs effectively. This is because of a jumble of disorganized functional systems that cause process bottlenecks and employee productivity problems. Integrated business software suites are changing how companies do business, and allowing them to go beyond their growing pains that were once holding them back from taking their business to the next level of lucrative growth.
To make your business develop at the remarkable rates you planned for, it is important to have your business software applications integrated around no more than one codebase, database and business process. A very simple example is using a powerful Excel-based data manipulation tool if your business relies significantly on spreadsheets for record-keeping. The benefits of designing your systems like this yield considerable cost savings and enhanced business productivity, including:
Process Efficiency in Your Organization
The Key Elements of Great Resources
There are several basic processes that you will encounter in your daily business routine, such as order fulfillment, invoicing, financial consolidation, and the rest. Automating such processes allows you not to get new hires that would otherwise be needed to handle these processes, as well as redeploy staff to more important -value activities to help your business grow. An ROI study of customers who use integrated software solutions, showed that companies can speed up their financial close times by up to half and increase sales productivity by 12, among other efficiencies. The same study showed processing time minimized by 66%.
Lessons Learned from Years with Tools
Dramatically Enhanced Visibility
Real-time visibility is critical in making timely and wise decisions. When information could be accessed straight away from almost any location, without spending resources to extract data and tie data from diverse sources together, workers are more informed and can make quicker and more precise decisions. For instance, with all their data available in real-time, a business can monitor their suppliers’ workloads in real-time and increase their business in the coming years while making significant annual savings.
Dramatic IT Cost and Time Savings
With IT not having to procure, install, and maintain several systems and the different integrations between them, a huge reduction in operational costs will be noted as IT time can be spent enhancing business operations.
Integrated software system allows for a faster expansion to various locations and expanded sales media. Companies will also be able to upsell and cross-sell more effectively to their existing customers since they now have improved visibility.
As process changes can be adopted quickly, daily business users will be able to employ their functional expertise to design performance-improving processes and applications. Meanwhile, IT is liberated to concentrate on strategic projects that can bring value to the bottom line by making ground-breaking value-added solutions.