The digital economy is transforming every industry. Those who can’t keep pace with advancements in technology and evolving business practices are being replaced by those who embrace the potential of the digital economy. IT has become the strategic differentiator for thriving businesses in today’s connected world.
IT as a strategic differentiator
To achieve the full potential of your business, you need to understand how technology can expand your customer base, widen margins and support evolving business models. With cloud-based financial management systems, your IT team has more flexibility to put the latest technology to work achieving your business goals.
Your IT team should have a place at the leadership table, providing proactive guidance on the future of the business in order to:
- Explore new distribution channels and business models.
- Recommend applications that would support updated service contracts, production flows or supply chain management.
- Evaluate productivity and collaboration tools to support cross functional teams and innovation.
- Work with department managers to improve operations through technology.
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By ERP Cloud Blog Editors, www.erpsoftwareblog.com/cloud