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 mixture of incoherent functional systems leading to process bottlenecks and worker productivity issues. Integrated business software suites are changing how companies do business, and allowing them to go beyond their growing pains that were once holding them back from taking their business to the next level of lucrative growth. To make your business grow at the striking rates you intended, it is essential to have your business software applications combined into a single 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 benefits of designing your systems like this yield considerable cost savings and enhanced business productivity, including: Process Efficiency in the Organization
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There are many major processes that you may encounter in your day to day operations, like order management, invoicing, expense approvals, etc. Automating such processes allows you not to get new hires that would otherwise be needed to handle these processes, as well as redeploy staff to more important -value activities to help your business grow. 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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Dramatically Enhanced Visibility Real-time visibility is crucial in making timely and sound decisions. When information can be accessed immediately from nearly anywhere, without spending resources on data extraction and tying data from varied sources together, workers are better informed and can make quicker, more accurate decisions. With all of their data accessible in real-time, for instance, a business can keep track of their suppliers’ workloads in real-time and eventually grow their business in the coming years while pocketing sizable annual savings. Considerable IT Time and Cost Savings With IT not having to procure, install, and maintain several systems and the different integrations between them, a huge reduction in operational costs will be noted as IT time can be spent enhancing business operations. Speedy Growth Integrated software system allows for a faster expansion to various locations and expanded sales media. Companies will also be able to upsell and cross-sell more effectively to their existing customers since they now have improved visibility. User-Inspired Innovation As process changes can be adopted quickly, daily business users will be able to employ their functional expertise to design performance-improving processes and applications. Meanwhile, IT is liberated to concentrate on strategic projects that can bring value to the bottom line by making ground-breaking value-added solutions.