Running a business is challenging enough, especially during periods of growth. Don’t be sidelined by outdated or inaccurate data. Here’s how to run your business with full confidence by ensuring leaders are armed with real-time, accurate business intelligence (BI).
Disparate, specialty software systems are often chosen for specific business tasks. At the start, it seems to make perfect sense to manage financial and accounting processes in an accounting solution, inventory in an inventory management solution, and so forth. The software may make these specific tasks easier; however, data becomes trapped within that software solution. Only those employees managing accounting operations or inventory processes can enter and access that information. The c-suite and other managers without access to these systems must request updated reports and wait for information to be compiled and shared. Extracting data and creating meaningful reports takes time, introducing delays and aging data. As a result, business leaders are left with outdated information when making business-critical decisions. This process is risky and can lead to costly mistakes.
Gain Visibility Across Your Organization with ERP
Disparate systems can’t provide the one thing businesses need to be successful – visibility across all core business processes and the organization as a whole. Business leaders need access to all different types of data in order to uncover how individual processes impact other areas. An integrated enterprise resource planning (ERP) solution offers the quick access to current data your leaders need when making these important decisions.
Modern ERP typically offers the same functionalities specialty software offers—and a whole lot more. You can manage core business processes within a single solution, including financial and accounting processes, inventory and supply chain, manufacturing and distribution operations, human resources and payroll tasks, etc. Centralizing data puts critical information within easy reach for those that need it. In addition, you want ERP with BI features, such as role-tailored dashboards, innovative reporting options, and powerful analytics. These tools offer leaders the insight they need to identify trends, take advantage of new opportunities and respond faster to exceptions.
Today’s ERP offers employees an easier way to enter data and provides leaders with a more efficient way to monitor, measure and analyze important business information. The faster you can access real-time data, the faster you can use it to drive productivity, profitability and business growth. Let us know if our ERP experts can help you evaluate your options.
By OTT, Inc., a Microsoft Dynamics Partner out of Minnesota