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The Benefits 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 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 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 advantages of using your systems in this manner bring significant cost savings and greater 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 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 crucial in making timely and sound decisions. When information is immediately accessible from practically anywhere, without spending resources for data extraction and combining data from varied sources, workers are better informed and will be able to make faster, more correct 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. Dramatic IT Cost and Time 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 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.