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5 Reasons Why Modern ERP Boosts Your Business

Modern ERP to Boost your Business

5 reasons why modern ERP can help you make better, faster decisions

Its Ximple to Modernzie your ERP

Mike Patel, VP of Sales, Ximple ERP Solution Explains

"Digital disruption has introduced more data sources, more channels, more complex business models and increased globalization. Along with it has come mobile, social, analytics and many other technological innovations. With modern ERPs organizations can Achieve greater Productivity and Control."

In this environment opportunities are rife but old monolithic enterprise resource planning (ERP) systems are ill-prepared to deliver the support for the increasingly dynamic decision making processes that businesses need to succeed.

Characteristics of Modern ERP

To support improved decision making and action taking, modern ERP platforms give organizations:

  1. The ability to analyze business conditions.
  2. To develop improved business plans.
  3. Monitor and Measure progress.
  4. Provide visibility into day-to-day operations.
Big Dada and Investment in IT Systems

In a recent survey by Ximple Software executives were asked to list the issues that would have the biggest impact on finance and accounting in their business over the next two to three years. The top two responses were big data and investment in new or more Advanced IT systems.

Here are FIVE reasons why you need to consider your options seriously:

1 . Single source of Truth and Accurate and Timely insight.

Five Reasons for a Modern ERP
  • Decisions made from a report of how the business is performing give any company a competitive advantage.

 

  • When all data is consistently stored in one place and accessed independently, regardless of if it’s used for financial reporting, operational control or budgeting/planning, the business can provide a superior customer experience. This is a serious advantage in crowded, complex or fast-moving markets.

 

 

2 . Real Time Data

  • Decisions should be based on the most up to date Real-Time information, not traditional reports which are out of date as soon as they are created. This type of information enable:
    • Greater customer satisfaction.
    • Operational efficiency.
    • Better business performance.
  • Getting the Right Information to the Right Person at the Right Time your business demands can make a difference between closing or losing a deal

 

  • Real time flow of information form the Core Modules of a Mordern ERP enable decision-makers to not only view the data they need but also place it within the right context so that the right decision can be made and achieve greater efficiency across the value chain.
Real time data in a system

3 . Automating Decisions

Business Automation - Decision Making
  • Smart businesses know that by automating the right decisions, staff can be freed up to use their initiative, experience, and instinct to innovate and drive the business forward.

 

  • It makes little sense to have senior people making decisions that could easily be made within business systems.

 

4 . Workflows and Alerts

 

  • Creating and enforcing unique business processes through workflows and alerts supports continuous improvement and increased productivity. Waste can be eliminated without major customizations and decision-makers can focus on accessing the right data.

 

Workflow and Alerts

5 . Knowledgebase of Resources

Definition of Collaborative work
  • The principles of ERP are founded on the benefits of working together. Embedded within today’s ERP systems, social functionality supports the fundamental shift in the way organizations collaborate, both internally and externally. Examples might include :
    • Collaborating around a project.
    • Customer Incident.
    • Procurement Challenge.
    • Budgeting Process.

 

  • Lack of collaboration in the old systems leads to a big revenue loss. Modern ERPs offers a Ideal Solution for many of the business problems and seamless interaction among various modules.

" Ximple is the Best ERP software, that provides a highly scalable and cost effective solution, easy implementation and a world class support allows business leaders to confidently take advantage of windows of opportunity and grow their business. "

Contact us for more information

Mike Patel

mpatel@ximplesolution.com

301.949.4400

920.629.2941