How Disparate Systems Negatively Impact Your Business Productivity?
When you first start off with your business, you probably don’t have much knowledge about it. You simply start with a basic accounting system and spreadsheets. As your business starts maturing, you bring in CRM (Customer Relationship Management), inventory management, project management, and the list goes on. As the time passed on, you’re running the business with 10 or 15 disparate systems. These disparate systems will only get worse over time, and eventually they will kill your business outright. The reason being your employees continuously have to switch between the systems to accomplish their tasks. This isn’t the end of the worries.
Some of the key issues resulting from disparate systems
Expensive and complex:
Adding systems that aren’t meant to communicate with each other will make your IT landscape complex. Monthly subscription, perpetual licenses along with costs related to upgrades, maintenance, and IT teams can be surprisingly high. Moreover, you’ll need more sophisticated IT resources to properly manage and maintain your technology stack.
When companies operate with IT ecosystems made up of a wide range of applications, systems, databases and microservices, they lack actionable insights. Pulling data from multiple systems and combining it into something that makes sense can be very time consuming and challenging. It means that actionable insights get missed, information gets lost, and your operations can’t run as smoothly as possible. Long term, data silos can lead to major failings.
Major productivity problem:
Productivity can often be dependent on how well your systems work. When data is stored across multiple systems, business users have to juggle from one system to another to get correct data. Toggling between systems not only negatively impacts productivity of business users but also doubles your data storage. This means you’re losing on both sides.
Lack of real-time visibility:
Data stored across disparate systems makes it nearly impossible to gain a complete and accurate picture of your deals. If your team doesn't have the data to hand, it cannot utilize it to make data driven decisions.
Bring in NetSuite ERP to Eliminate Data Silos
NetSuite is a true cloud, all-in-one business management suite that integrates different parts of your business such as finance, sales, inventory & stock plus production, project management and much more, enabling you to manage it through one system. NetSuite is a single, fully integrated cloud-based system that allows companies of any shape and size to manage their entire business applications in one unified system. It even handles the diverse needs of global businesses that use different currencies, languages, tax laws and reporting requirements.
Key capabilities of NetSuite ERP
Unified Business Management:
NetSuite is an all-in-one cloud business management solution that offers a suite of apps to manage accounting, order processing, inventory management, production, supply chain and warehouse operations. NetSuite centralizes your corporate data on the cloud to deliver real-time visibility into operational and financial performance. By eliminating data silos and real-time visibility into data gives stakeholders tighter control over their businesses.
Make Better Decisions:
Centralized financial, operational and transactional data with real-time access ensures data-driven decision making. Dashboards, reports and visual analytics offer an in-depth account of business activity.
Since critical business processes i.e. accounting, inventory, operations, distribution, etc are managed from a single application, business users don’t require to toggle around different interfaces. Moreover, you can automate manual processes to save time and free up resources to better serve customers, identify new opportunities and outpace the competition.
Provide stakeholders with timely, accurate financial statements, inventory reports and more.
The benefits of NetSuite ERP are enormous. However, these can only be realized if it is implemented correctly. As a leading NetSuite implementation partner, we understand that your business is unique. That’s why our implementation process starts with “fit gap analysis” to ensure that you get maximum ROI from your investment. Since we’re NetSuite integration partner also, we automate data transfer to and from NetSuite ERP and other applications like Shopify, Magento, Hubspot, Salesforce, Avalara, etc, helping you achieve productivity, efficiency, along with reduced operational costs.