When high-growth companies use several siloed applications, they are likely to experience wasted employee productivity and money as well as increased customer turnover. For any company to experiencing exceptional growth rates, it is crucial to have business software applications integrated around a single code base, process and database. This will help yield improved productivity and tremendous cost savings due to the following advantages.
Companies encounter many key and daily operations like financial consolidation, expense and order management. Through automation of such processes, you can avoid hiring new employees and instead transfer staff into other high value departments that help your production grow and innovate. Studies have shown that firms using an integrated suite have seen an increase in productivity by over 12.5%, increased inventory by 50% and accelerated their financial close by up to 50%.
Real time visibility means that managers are in a better position to make timely and informed decisions. Such information available at the touch of a button from anywhere helps in reducing the time and costs that would be required in running a data extraction process by your employees, enabling them make decisions faster and accurately. The end result, savings running into the thousands of dollars every financial year.
Your in-house IT department will never have to deal with expensive and time wasting activities like installation, maintenance and integration that are required when dealing with multiple systems. Your operational costs will be lowered and the savings can be used in furthering your overall objectives and goals. When a firm phases out siloed systems, it is in a better position to save hundreds of thousands of dollars in a single year in IT costs.
An integrated IT solution also means the capability to spread to multiple locations as well as acquire supplementary sales channels that are able to accomplish targets a lot faster. Such companies are also able to up and cross sell in a more effective manner using the existing customer base due to improved visibility. Some companies have been able to serve millions of customers due to the efficiencies introduced by integrated solutions.
It is easy for the ordinary system user to quickly apply and adopt customized application processes that help the functional performance of the firm. This liberated process finally offers managers the chance to focus on improving the company's bottom line. This is as a direct result of creative value added solutions that are innovatively built into the firm's everyday processes and procedures.
In conclusion, firms in virtually all industries use sophisticated business software in order to fuel growth but many are still struggling to keep up with such growth and keep in check costs. Integrated solution suites are slowly transforming the way companies are run thereby enabling them to transcend growing problems. Functional systems help them to overcome employee productivity issues and process bottlenecks.
Companies encounter many key and daily operations like financial consolidation, expense and order management. Through automation of such processes, you can avoid hiring new employees and instead transfer staff into other high value departments that help your production grow and innovate. Studies have shown that firms using an integrated suite have seen an increase in productivity by over 12.5%, increased inventory by 50% and accelerated their financial close by up to 50%.
Real time visibility means that managers are in a better position to make timely and informed decisions. Such information available at the touch of a button from anywhere helps in reducing the time and costs that would be required in running a data extraction process by your employees, enabling them make decisions faster and accurately. The end result, savings running into the thousands of dollars every financial year.
Your in-house IT department will never have to deal with expensive and time wasting activities like installation, maintenance and integration that are required when dealing with multiple systems. Your operational costs will be lowered and the savings can be used in furthering your overall objectives and goals. When a firm phases out siloed systems, it is in a better position to save hundreds of thousands of dollars in a single year in IT costs.
An integrated IT solution also means the capability to spread to multiple locations as well as acquire supplementary sales channels that are able to accomplish targets a lot faster. Such companies are also able to up and cross sell in a more effective manner using the existing customer base due to improved visibility. Some companies have been able to serve millions of customers due to the efficiencies introduced by integrated solutions.
It is easy for the ordinary system user to quickly apply and adopt customized application processes that help the functional performance of the firm. This liberated process finally offers managers the chance to focus on improving the company's bottom line. This is as a direct result of creative value added solutions that are innovatively built into the firm's everyday processes and procedures.
In conclusion, firms in virtually all industries use sophisticated business software in order to fuel growth but many are still struggling to keep up with such growth and keep in check costs. Integrated solution suites are slowly transforming the way companies are run thereby enabling them to transcend growing problems. Functional systems help them to overcome employee productivity issues and process bottlenecks.
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