In today's rapidly changing world, business leaders need to be able to make critical decisions without skipping a beat. Financial leaders have more data coming from more sources than they know what to do with. But how can they use their ERP software to make better decisions?
ERP systems today are more than just accounting systems. They are tremendous assets to support smarter, faster decision making when analyzing business conditions, implementing new or improving existing business process and ultimately providing valuable insight into how the business is performing in real-time.
3 Ways ERP Systems Help Business Leaders Make Smarter Decisions
1. You have clean, accurate data that you can rely on to make decisions.
At face value this seems like common sense, but so many companies that come to us are struggling with data issues. They are using disparate technology across their departments that do not speak to the ERP system or are doing things like excel based reporting which is prone to human error and in-turn spending valuable time with double data entry or checking information and trying to verify between multiple systems which system has the correct information. Your ERP system should be able to receive data from other technology used in the business to eliminate these data and reporting issues so you can rely on the information you have and have it when you need it.
2. Using ERP automation, your most skilled employees can stop wasting time on manual process and start contributing ideas and innovations that push the business forward.
Businesses that are winning in today’s ultra-competitive environment understand the value their staff brings to their business. Conversely these companies often require people with specific experience, knowledge and/or skillsets that are hard to find. By automating manual or repetitive decisions using the proper business systems and information your team can be free to use their skills, initiative and experience to drive innovation, operational efficiency and customer satisfaction to propel your business ahead.
3. By taking advantage of an ERP system's data visualization capabilities, you can quickly understand complex patterns and trends that help guide your strategy.
In today’s world you need to have actionable insight into your business, projects, customers, vendors, inventory and have it all in one place. Many of the organizations that come to us are still trying to make important decisions for their business by consolidating data from multiple systems into convoluted spreadsheets that are often littered with errors and require valuable time for someone to double and triple check to ensure their accuracy. On top of that, by the time the data is confirmed to be accurate, so much time has passed the information has now lost its relevance or only allows to company to be reactive. Today’s ERPs not only take in data from multiple sources like we mentioned before, but they are able to provide true business intelligence and visualizations that are accurate and in real-time. Instead of babysitting and maintaining spreadsheets, you should have the ability to slice and dice data to gain new insights to make proactive decisions.
To learn more about how your business can benefit from the right ERP solution, reach out to BroadPoint at
By BroadPoint, a