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 revolutionizing how companies operate, allowing them to overcome growing pains that previously were preventing them from upgrading their business to the next level of gainful growth.
To make your business expand at the impressive rates you want, it is essential for your business software applications to be merged into one and only 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 using your systems in this manner bring significant cost savings and greater 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. 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. The same study showed processing time minimized by 66%.
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Considerably Improved 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. Businesses can also upsell and cross-sell to their present customer base with greater efficiency, thanks to the improved visibility they now have.
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 freed to focus on tactical initiatives that can add more value to the bottom line by making creative value-added solutions.