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 mixture of incoherent functional systems leading to process bottlenecks and worker productivity issues. 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 benefits of designing your systems like this yield considerable cost savings and enhanced business productivity, including:
Process Efficiency in Your Organization
The 10 Commandments of Tools And How Learn More
There are several basic processes that you will encounter in your daily business routine, such as order fulfillment, invoicing, financial consolidation, and the rest. By automating such processes, you can avoid new hires that would otherwise need to handle these such, and redeploy staff to more critical activities to help your innovate and develop. An ROI study involving customers adopting integrated software packages, indicated that companies may accelerate their financial close times by nearly half and improve sales productivity by 12, among many other efficiencies. Processing time also decreased by 66% in the same study.
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Considerably Improved Visibility
Real-time visibility is essential to making timely and smart 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. With all of their data accessible in real-time, for instance, a business can keep track of their suppliers’ workloads in real-time and eventually grow their business in the coming years while pocketing sizable annual savings.
Dramatic IT Cost and Time Savings
Since IT no longer has to procure, install, and maintain varied systems and the different integrations between them, a big reduction in operational costs can be observed as IT time can be devoted to improving business operations.
Integrated software system allows for a faster expansion to various locations and expanded sales media. Companies may also upsell and cross-sell more efficiently to their current customer base with the enhanced visibility they enjoy.
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 free to focus on tactical projects that can deliver value to the bottom line by developing inventive value-added solutions.