Today, there is hardly a successful business enterprise that doesn’t fully utilize the capabilities of business software technologies. If you are an aspiring business owner, you naturally want your business to grow and expand as fast as possible. However, to do that, you must have all of your business software tools and applications seamlessly integrated with a single business process, database, and code base. By doing this, your business will benefit in a myriad of ways, from increased production, streamlined management, and substantial cost savings.
Improved efficiency all across your business organization
There are some key processes that you usually encounter during your daily operations. Some of the most notable ones include cash collection, invoicing, fulfillment, financial consolidation, expense approvals, and order management. Of course, there are many more of those processes, but these are commonly considered to be the most important ones. By automating these processes, you will avoid spending money on new employees, who would otherwise be needed to manage the processes effectively. Additionally, you will also avoid having to redeploy staff members to higher-value positions, to ensure the growth of your business.
According to some of the latest ROI studies, by using state-of-the-art integrated software solutions, some companies have increased their inventory turns by almost 50%, increased their sales productivity by almost 13%, as well as accelerated their close times by more than 50%.
Substantially enhanced visibility
To make timely informed decisions, you must ensure high, real-time visibility. When crucial information can be instantly accessed from any device, anywhere, without having to tie data from various sources together and without having to waste precious resources on data extraction and retrieval, you and your employees will be able to make much more accurate decisions. For example, by hiring the services of a reputable Odoo Partner and using their integrated solutions, you will have all your business data readily available in real time. This will allow you to monitor your suppliers’ workload and double your business output.
Cost savings and IT time reduction
By utilizing an integrated business software solution, your IT department will no longer have to procure, install, and regularly maintain numerous systems and their integrations. Therefore, that IT time can be spent elsewhere, say, on improving various business operations. Also, you will also see a substantial reduction in operational costs as well.
Since modern integrated solutions allow for a quick implementation of process changes, you can easily apply your own functional expertise in order to specifically customize applications and processes to serve your ever-changing needs and requirements. At the same time, your IT department will have more time to focus on new initiatives, which can significantly improve your bottom line by coming up with creative value-adding solutions.
Substantial growth acceleration
Thanks to a modern integrated software solution, you can expand to new sales channels and multiple new locations much faster and more efficiently. This is made possible due to the unified accounting and order management data and processes. This way, you can also cross-sell and up-sell more efficiently to your existing base of customers, largely thanks to the enhanced visibility. Simply put, by deploying an integrated software solution, you can rapidly grow and reach out to new customers and clients all over the world.