Reinvent Business Models with Digital Transformation - ERP Cloud Software
 
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ERP Cloud Blog Writer

Reinvent Business Models with Digital Transformation


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In today’s economy, it isn’t enough just to tread water. Competition is fierce, choices are many. How do you make your business stand out?

There are many paths organizations can take—from adding new services to combining with other firms to building new channels—but aging, disconnected business management systems can’t support new directions.

Not just for enterprise-level businesses

Unified systems that connect accounting, sales, purchasing, inventory and customer interactions are affordable and easy to use for any size company through the cloud. Modern business management systems allow you to expand distribution channels, add services, or enter new markets without big software investments.  With digital transformation, your business can:

  • Take advantage of data and machine learning to improve your understanding of customers, operations, and markets.
  • Use IoT to gather and analyze real-time product usage for making informed decisions about the direction and development of new offerings.
  • Streamline mergers and acquisitions without losing momentum.
  • Use data visualization to help managers see trends and exceptions as they navigate through new operations.

An example of expanding market reach

A manufacturer exposed their entire product catalog on the web, dramatically increasing their market reach and streamlining order taking. Continuing to build their internet presence, they:

  • Created a portal for distributors to check inventory, access sales tools and place orders.
  • Provide extensive technical documentation to support service technicians, customers, and distributors.
  • Support self-service product support, order placement, and returns – all accompanied by instant chat support if customers want to speak to a real person.

 

This is just one example of reinventing business models with digital transformation. Perhaps digital transformation could work for your business in ways you have not yet explored. Contributing members of the ERP/CRM/ERP Cloud Software Blogs have put together a white paper: What the Heck is Digital Transformation and What Does It Mean for Your Business?  Read 6 more real-life experiences of how digital transformation is working in unique ways to enhance business processes.

Download now and feel free to contact our expert authors listed at the bottom of the white paper for suggestions about how digital transformation can help you optimize your business operations.

By ERP Cloud Software Blog Writer erpsoftwareblog.com/cloud

 

 

 

 

 

 

 

 

 

 

 

 

 

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