Integrated Business Software Solutions and Their Advantages Companies in practically every industry today are using sophisticated business software to power their growth, but a huge number of them still struggle to keep up with this growth and manage their 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 revolutionizing how companies operate, allowing them to overcome growing pains that previously were preventing them from upgrading their business to the next level of gainful growth. To make your business expand at the impressive rates you want, it is essential for your business software applications to be merged into one and only 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 using your systems in this manner bring significant cost savings and greater business productivity, including: Process Efficiency in Your 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. In an ROI study that involved customers using integrated software suites, it was noted that companies can fast-track their financial close times by almost half, boost sales productivity by 12. The same study showed processing time minimized by 66%.
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Drastically Improved Visibility Real-time visibility is essential to making timely and smart 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. For example, because with all data available in real-time, a business will be able to keep track of their suppliers’ workloads in real-time, as well as increase their business in the future while making considerable yearly savings. Considerable IT Time and Cost Savings Because IT will no longer need to procure, install, and maintain various systems as well as the needed integrations between them, a large operational cost reduction can be realized as IT time can be dedicated to the improvement of business operations. Speedy Growth Integrated software system allows for a faster expansion to various locations and expanded sales media. Companies may also upsell and cross-sell more efficiently to their current customer base with the enhanced visibility they enjoy. User-Inspired Innovation With process changes being implemented quickly, everyday business users can apply their functional expertise to design processes and applications that enhance performance. Meanwhile, IT is liberated to concentrate on strategic projects that can bring value to the bottom line by making ground-breaking value-added solutions.