- Keeping up with the technology curve
- Since the introduction of computerized accounting systems, there has always been a challenge to stay current with new operating system and hardware versions. Many times, businesses have found themselves in a situation where operating system versions are no longer supported and now there is an urgent need to move to a new version. This process can be very arduous and disruptive to a company.
- One of the advantages to a new Cloud ERP solution is that the upgrade of hardware and server operating system versions is managed as part of the service and is for the most part handled in the “background”. This allows a company to stay current and provides more agility when new systems are required without the major disruption to the company.
- Remove managing multiple information sources
- As companies grow and mature, tracking information outside of the traditional accounting system is commonplace. There can be a number of other software systems in place or a multitude of spreadsheets. A good ERP solution can help to bring many of these data silos together to better facilitate security including setting up authorized access, accessing information from a centralized source, and providing timely information for faster management decisions.
- Increase reporting capabilities
- Using a good ERP solution allows you to set up templates for reporting and other dashboards. These dashboards provide a quick and up-to-date visual presentation of the data allowing trends and areas concern to be highlighted. This gives management the information they need to address issues in real time.
- Getting to your data is easier in a single system which allows for significant performance gains in generating reports. It also reduces the complexity of data joins. It reduces the overhead of on-going report and data generation.
- Data Cleansing
- Moving to a new ERP allows data clean-up of customer, vendor and inventory master records. The process of moving to the new ERP allows a company to standardize fields and remove outdated and erroneous records. This process will then produce more accurate data, dashboards, and reports.
- Business Process Restructuring
