How the Right Modern ERP Can Drive Better Business Decisions - ERP Cloud Blog
 
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Bruce Baron, Appsolute Consulting Group, LLC

How the Right Modern ERP Can Drive Better Business Decisions


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According to a 2018 Forbes report, although 94% of supply chain leaders say that digital transformation will fundamentally change supply chains, only 44% have a strategy ready to replace their outdated ERP solutions.

The impetus for change must come from recognizing specific ways that a modern cloud-based ERP solution such as Acumatica can benefit your business in today’s fast-paced decision-making environment.

AppSolute, a uniquely specialized managed services provider, has identified four of the ways that a modern ERP such as Acumatica can help your business make better decisions:

Simplifying business reports

As a business owner, you no doubt have an idea of your company’s overall health. But it can be difficult to analyze your performance and quantify your well-being. With Acumatica, you won’t have to compile reports from all your different departments and then have them collated and analyzed before you can capture an accurate picture of the health of your business

Instead, all the crucial information you need is presented in easy to read, easy to understand terms, right at your fingertips. Now you can identify your company’s strong points and capitalize on them quickly, and identify any weaknesses quickly before they become liabilities.

Related info: 8 Business Benefits of Having Managed Services

As businesses grow, daily activities and the overall operation become more complex. Modern cloud- based ERP allows you to eliminate time-consuming chores, like repeated data re-entry, by sharing real-time data across all departments. Divisions and teams can collaborate more efficiently and effectively. Modern ERP software allows every aspect of your business, from manufacturing to accounting, to operate in sync within a single system.

Related: 5 Signs You Need a modern ERP System like Acumatica

Focusing on customers and sales leads

With a modern ERP, many repetitive manual processes can be drastically reduced or even eliminated. Eliminating tedious tasks will allow your employees to focus on more important aspects of their jobs. For example, rather than investing hours entering data into a spreadsheet, employees will be free to focus on customer retention, sales leads, or other revenue increasing pursuits. Also, this approach helps to eliminate the risk of human error and makes the information more accurate and accessible to management.

Related: The Difference Between Accounting Software and ERP Solutions

Fine-tuning your marketing campaigns

An important advantage of using a modern ERP is the ability to track customers from their first contact with your company right through their entire journey. Information is stored and compiled, allowing you to more quickly and easily identify your target audience and properly plan your marketing campaigns. In addition to saving a significant amount of time, this approach can eliminate much of the guesswork associated with marketing and improve your overall productivity and ROI.

Competing in your industry

Without a modern ERP, it’s nearly impossible to compete in today’s business environment. It is likely that your competitors are already reaping the rewards of up-to-date technology. Business owners who invest in innovative solutions save time and money in the long run. They are able to achieve more accurate results and make better, more informed decisions for their organizations.

Related: 6 Best IT Practices for Your Business

Modern cloud-based ERP makes the most sense for businesses that require efficiency, flexibility, and mobility. If you’d like to know more about how a modern ERP solution such as Acumatica can help drive your company’s business decisions and prepare you for the future, contact our experts at AppSolute.

By AppSolute, appsolute.com

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