Insights Success The 10 Fastest Growing ERP Solution Providers 2016

Enterprise Concern
ow long will it take to find out, what your average
Hsales margin is? What about various key
performance metrics of orders per day?
Companies relying on siloes systems and spreadsheets need
to be constantly updated and should be reconciled
manually.
When employees across your company need immediate
access to key data that means the pace of business is faster
than ever before. At any time, executives can get a holistic
view of business operations with an ERP solution while
others can only get the information they needed for doing
their jobs more efficiently.
Accounting is More Difficult and Takes Longer
Often, from your accounting department only, the first
noticeable sign will come that your company needs ERP
software. If your employees every week spend hours in
manually entering paper-based invoices and sales orders
into different accounting then you need to consider that
most of the time is being wasted on tasks that ERP software
can handle instantly.
The same scenario is going with financial reporting, an ERP
solution can make a noteworthy impact if it is taking ages
to reconcile or consolidate information related to finance
across systems and through countless spreadsheets. So, if
all the financials will be in a single database then
accounting staff won’t have to spend several hours rekeying
numbers, cross-posting information, or manually
reconciling data. Thus, it will help your accounting staff to
deliver critical reports without any delay or frustration and
they will become more productive.
Sales and the Customer Experience Suffers
Often, inventory management is one of their biggest
challenges when companies are growing very fast. As it
ensures that the subsequent amount of products are in the
right place at the right time, which is a vital part of any
business operation.
When customer data, inventory and sales are separately
maintained, then serious problems can occur across your
company. Sales will be off until the next shipment arrives,
if you are running out of a popular product. Meanwhile, if
customers are calling to inquire about an order and
employees are not able to track it to see whether they are
shipped or are still in stock then company will start
developing a poor reputation for services and reliabilities.
Moreover, with an ERP system staff of every department
will have an access to the same and will also have up-todate
information too.
35 |JULY 2016