10 BRILLIANT IDEAS TO OUTSMART YOU WITH ERP
Posted by: BALA on  4th October 2017
10 BRILLIANT IDEAS TO OUTSMART YOU COMPETITION WITH ERP
1. CONSOLIDATE REPROTING FOR BETTER INSIGHT
Combine and compare results across departments, divisions or companies to get a complete picture of your business. Identify poor performers to avert disaster and build on success of high
achievers. 82% percent of successful businesses ranking “streamline and accelerate business processes” a top priority
2. ELIMINATE MANUAL PROCESSES
Focus your employees on productive work instead of administrative chores. Automated workflow keeps customer service from falling through the cracks and minimizes employee interruptions.
3. COMPLY WITH GOVERNMENT REPROTING REQUIREMENTS AUTOMATICALLY
Segregate and detail cost information – direct, indirect and overhead expenses – associated with every item billed to the government. Focus on delivering services and winning new contracts
instead of reporting.
Best practice results
Percent of deliveries complete and on time
88% Industry average
4. AUTOMATE YOUR SUPPLY CHAIN
Stay ahead of the competition by providing customers with the information that they expect at every step along the supply chain. Optimize fulfillment and shipping to reduce time and costs while
building customer loyalty.
5. SUPPORT NEW CHANNELS-PROFITABLY
Sell your products and services through new channels opened up by the internet. Serve customers big and large, near and far while ensuring that your maintain profitability on every sale.
6. USE DATA TO ACT FAST
Keep your competitive edge by changes in demand, cost of resources and new market opportunities quickly. With complete data, you can make the decisions that will put you ahead.
Best practice results
Growth in operating margins for two consecutive years
11% Industry average
7. MEASURE MARGIN ACCURATELY
Give your sales team access to margin information to help them negotiate and make product suggestions that maximize profits. Build promotions that build sales without hurting profits
8. SIMPLIFY WITH WORKFLOW
Replace cumbersome manual processes with automated workflow- from purchase requisitions to sales approvals to order fulfillment. Grow your business without growing staff.
Top Business drivers impacting ERP
40% - Need to manage growth expectations
34%-Must reduce costs
32% - Need to improve customer experience
18% - Fix cross organization operations
15% - Improve response time to customers
9. SHARE INFORMATION BETWEEN THE FRONT AND BACK OFFICE
Answer customer inquiries in one call with connected systems. Replace time-consuming searches with instant access to the information each employee needs.
10. AUTOMATE BUDGETING
Budgets should support your ability to capitalize on change-not bog down managers with endless reviews and updates. Empower managers while keeping a lid on costs with a centralized
automated budget process.
Get started today.