Businesses must analyze large volumes of data to help them make sense of their inner workings. They must also analyze the wants and needs of their client base, the current trends in their industry, and numerous other pieces of information that are necessary to stay competitive and profitable.
Obviously, problematic issues are compounded when a business fails to recognize improvement opportunities or, worse, purposefully ignores them because they fear change.
Accepting change in the form of new software allows, for example, the streamlining of data entry procedures within the accounting department and shipping department along with making it easier to create orders from the field. These are only three areas of potential cost savings – there are many more, and they include higher profit margins.
Consequently, embracing today’s business improvement strategies become crucial to the overall business, regardless of size. As an article about the subject states:
The business improvement strategy includes formal selection criteria for focusing on the most important improvement initiatives, and deployment of the right resources, tools and methodologies to the highest impact opportunities. The right performance metrics also are a by-product of a well-structured and well-thought out process.
Enterprise resource planning (ERP) software, like Sage ERP X3, reduces data entry errors, such as duplication, that may drive inaccurate financial reporting. For example, duplicating a customer can cause billing to charge a customer twice, which wastes time and energy and causes angry customers. Accurate internal data, updated in real-time, gets carried through the company modules, which provides seamless client billing and vendor payments.
Reducing data entry errors, labor costs, and unreliable information equals better cost control -- and higher profits -- throughout the company.
Mobile technology is an additional feature that makes ERP software stand above other software. With Sage ERP products and cloud technology, you can handle a customer quote through a mobile device from anywhere you have internet. If you don’t have an internet connection, the mobile system will hold on to that information until it reconnects and then sync it – so again, no double entries.
Oates & Company can help you with the implementation of an ERP system and the movement of your business to the next level of success. Contact us today.
