Advantages of Using Integrated Business Software Solutions 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 medley of disjointed functional systems that lead to process bottlenecks and issues with employee productivity. 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 several basic processes that you will encounter in your daily business routine, such as order fulfillment, invoicing, financial consolidation, and the rest. Automating these processes lets you to avoid new hires that would otherwise have to manage such processes, and redeploy workers to more useful activities that help your business innovate and expand. An ROI study involving customers adopting integrated software packages, indicated that companies may accelerate their financial close times by nearly half and improve sales productivity by 12, among many other efficiencies. Processing time also decreased by 66% in the same study.
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Considerably 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. 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 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 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-Based 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 free to focus on tactical projects that can deliver value to the bottom line by developing inventive value-added solutions.