Maintaining compliance with regulatory obligations shouldn’t be difficult or sink to the bottom of the priority list. On the contrary, regulatory compliance offers a win-win scenario for businesses. Not only can you avoid costly fines, lawsuits, or tarnished reputations, you can improve employee productivity and efficiencies that can lead to a healthier bottom line.
Few things are scarier than when an inspector makes an unannounced visit or requests a detailed report about financial, safety, or other compliance-related aspects of your business. If you are unprepared and end up scrambling to collect and assemble meaningful proof of compliance, you could end up in hot water. Discovering that you are out of compliance can lead to expensive fines and taking too long to come up with the requested data could lead to mistrust which can erode important business relationships. Improve compliance processes and reporting requirements with an enterprise resource planning (ERP) solution.
A comprehensive ERP solution can benefit your business in several ways, including compliance. You can manage finances, supply chain and inventory data, and operations, human resources and payroll, as well as other core business functions. It’s much easier to find the data you are looking for, for compliance or other reasons, when it’s located in a single software solution instead of in files or on hard drives scattered throughout the office. Powerful ERP solutions, including , also offer robust reporting features. You can choose the type of report you need from the hundreds of common reports that are included with the solution or customize your own special reports. With a few clicks, you can print or email a report to colleagues, customers, or regulatory agencies.
Microsoft Dynamics GP also offers many time-saving automations. Its familiar user interface is easy to learn and use and data can be shared just as easily. Your team can use the RoleTailored interface to quickly access the data they need for their job tasks or to share with peers. The quicker you can get to your data, the quicker you can make the business decisions that drive growth or satisfy regulatory agencies.
Compliance isn’t costly, un-compliance is. Contact Sherwood Systems for more information about using ERP to improve compliance processes and streamline business operations to improve your bottom line, not drain it.
By Sherwood Systems,
