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The Benefits of Using Integrated Business Software Solutions Companies in practically every industry today are using sophisticated business software to power their growth, but a huge number of them still struggle to keep up with this growth and manage their finances effectively. This is because of a jumble of disorganized functional systems that cause process bottlenecks and employee productivity problems. 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 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 simple example is utilizing a nifty Excel-based data manipulation tool if your business depends substantially on spreadsheets for record-keeping purposes. The benefits of designing your systems like this yield considerable cost savings and enhanced business productivity, including: Process Efficiency in the Organization
Figuring Out Systems
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. In an ROI study that involved customers using integrated software suites, it was noted that companies can fast-track their financial close times by almost half, boost sales productivity by 12. The same study showed processing time minimized by 66%.
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Considerably Improved Visibility Real-time visibility is essential to making timely and smart decisions. When information can be accessed immediately from nearly anywhere, without spending resources on data extraction and tying data from varied sources together, workers are better informed and can make quicker, more accurate 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. Substantial IT Time and Cost 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. Quick Growth 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. User-Inspired Innovation Since process changes may be implemented fast, day-to-day business users can apply their functional expertise to customize processes and applications for improved performance. Meanwhile, IT is free to focus on tactical projects that can deliver value to the bottom line by developing inventive value-added solutions.