Businesses choose an enterprise resource planning (ERP) software to manage their financials and operations, as well as provide the insight needed to leverage the activities that promote a healthy bottom line. If you can't see how profitable you are in real time, identify your most profitable products or customers, and are unable to determine what your margins are until the end of each month, then you're missing the clear insight you need to stay ahead of your competition.
Business Challenge #5: Business Insight and Controls are Limited
As a growing business, you need a 360-degree view of your business and the control to make meaningful decisions that will continue your successful growth. When your ERP solution isn’t working the way you need it to and your team has resorted to spreadsheets and other software programs to handle important data, you open the doors to risk. When your employees are too busy entering redundant data and making manual calculations, this can lead to major mistakes, further delaying data analysis, and leaving you with old, inaccurate data that will send you in the wrong direction. You may have volumes of data, but if it’s spread out in disparate software programs and you are unable to decipher what the data means, it's doing you little to no good at all.
Microsoft Dynamics GP – a business solution from Microsoft – offers a full view of your operations from the front office to the back warehouse. The Resource Group (www.resgroup.com/about-resource-group), a Microsoft Dynamics ERP partner, can help you to manage financials, manufacturing, supply chain, inventory, human resources and payroll, and other core business functions from a single enterprise resource planning (ERP) solution. In addition, the powerful business intelligence offered in Microsoft Dynamics GP will provide the insight you need to improve productivity, profitability, as well as drive growth. Learn who your top customers are and which products sell the best (or least). Analyze budgets, compare estimated and actual project costs, and use accurate, financial data to boost sales and profit margins, as well as provide unsurpassed customer service. Get the real time insight and control you need without the cost, complexity and risk that can come with a traditional ERP implementation.
The Resource Group helps clients gain valuable business insight from their financial systems, enabling them to manage their business more efficiently and effectively. Download this white paper, Aging ERP, When Old ERP is Too Old, to learn more about replacing an aging ERP system.
This completes the 5-part blog series focused on addressing the challenges of a growing business.