Integrated Business Software Solutions and Their Advantages Nowadays, companies in virtually all industries are using complex business software to pump up their growth, but a lot are still struggling to maintain their growth and manage finances effectively. This is because of a jumble of disorganized functional systems that cause process bottlenecks and employee productivity problems. Integrated business software suites are modifying how companies work, letting them get past growing pains that were once keeping them from taking their business to the next level of commercial growth. To make your business develop at the remarkable rates you planned for, it is important to have your business software applications integrated around no more than one 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 advantages of doing so yields huge cost savings and higher business productivity, including: Process Efficiency in the Organization
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There are a lot of central processes that you can encounter in your everyday operations, from order management to fulfillment to invoicing to cash collection and so on. By automating such processes, you can avoid new hires that would otherwise need to handle these such, and redeploy staff to more critical activities to help your innovate and develop. An ROI study of customers who use integrated software solutions, showed that companies can speed up their financial close times by up to half and increase sales productivity by 12, among other efficiencies. The same research showed processing time cut short by 66%.
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Considerably Improved Visibility Real-time visibility is essential to making timely and smart decisions. When information could be accessed straight away from almost any location, without spending resources to extract data and tie data from diverse sources together, workers are more informed and can make quicker and more precise 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. Considerable IT Time and Cost Savings Since IT no longer has to procure, install, and maintain varied systems and the different integrations between them, a big reduction in operational costs can be observed as IT time can be devoted to improving business operations. Quick 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. Companies may also upsell and cross-sell more efficiently to their current customer base with the enhanced visibility they enjoy. User-Inspired Innovation Since process changes may be implemented fast, day-to-day business users can apply their functional expertise to customize processes and applications for improved performance. Meanwhile, IT is free to focus on tactical projects that can deliver value to the bottom line by developing inventive value-added solutions.