Integrated Business Software Solutions and Their Advantages 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 medley of disjointed functional systems that lead to process bottlenecks and issues with employee productivity. Integrated business software suites are changing how companies do business, and allowing them to go beyond their growing pains that were once holding them back from taking their business to the next level of lucrative growth. To make your business grow at the striking rates you intended, it is essential to have your business software applications combined into a single 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 the Organization
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There are many major processes that you may encounter in your day to day operations, like order management, invoicing, expense approvals, etc. 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. 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 critical in making timely and wise 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. 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. Substantial IT Time and Cost Savings Because IT will no longer need to procure, install, and maintain various systems as well as the needed integrations between them, a large operational cost reduction can be realized as IT time can be dedicated to the improvement of business operations. Speedy Growth Integrated software system paves the way for a faster expansion to varied locations and additional sales channels because of the combined order and accounting management data and processes. 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 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.