Nowadays, companies in virtually all industries are using complex business software to pump up their growth, but a lot are still struggling to maintain their growth and manage finances effectively. This is because of a medley of disjointed functional systems that lead to process bottlenecks and issues with employee productivity. Integrated business software suites are modifying how companies work, letting them get past growing pains that were once keeping them from taking their business to the next level of commercial 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 basic example is the use of a powerful Excel-based data manipulation tool for businesses that heavily rely on spreadsheets. The advantages of doing so yields huge cost savings and higher business productivity, including:
Process Efficiency in Your Organization
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There are a lot of central processes that you can encounter in your everyday operations, from order management to fulfillment to invoicing to cash collection and so on. Automating these processes lets you to avoid new hires that would otherwise have to manage such processes, and redeploy workers to more useful activities that help your business innovate and expand. 5%, and enhance inventory turns by half, among other crucial efficiencies. The same study showed processing time minimized by 66%.
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Drastically Improved Visibility
Real-time visibility is essential to making timely and smart decisions. When information is immediately accessible from practically anywhere, without spending resources for data extraction and combining data from varied sources, workers are better informed and will be able to make faster, more correct 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 paves the way for a faster expansion to varied locations and additional sales channels because of the combined order and accounting management data and processes. Companies will also be able to upsell and cross-sell more effectively to their existing customers since they now have improved visibility.
With process changes being implemented quickly, everyday business users can apply their functional expertise to design processes and applications that enhance performance. Meanwhile, IT is freed to focus on tactical initiatives that can add more value to the bottom line by making creative value-added solutions.