• 3 Reasons SMBs Choose ERP To Boost Their Bottom Line

    Businesses upgrade their software for several reasons, whether it’s to stop the waste of money or time or to chuck old processes that just no longer make sense. Below are a few common situations that give companies pause about their current software setup.

    Slow Or Unstable Systems

    For the manufacturing and distribution industry, unreliable or sluggish systems are a common reason to upgrade to an ERP solution. Waiting for a report to run or dealing with system crashes are frequent occurrences for these businesses, as are processes that aren’t supported by their current software. This can lead to inaccurate costs and inventory calculations that can have a big negative impact. Alternatively, switching to an ERP solution streamlines spreadsheets and ensures more accuracy.

    Paper Documentation

    When banks and financial institutions don’t support electronic documentation, it means they have to keep all of their records by paper. Paper records are not only costly, they take up a lot of space and are just an archaic way of conducting business. In addition, when your records exist only on paper, it makes it difficult for multiple teams to work on records at the same time and to find a sustainable software solution to work with your records keeping. ERP software helps banks and financial institutions resolve all of these issues.

    Manual Records Updating

    Does your healthcare or nonprofit organization update reports manually? If so, this is a sign that automated workflow may be the answer. Not only is this essential for institutions with multiple locations, it will help with month-end closeouts and managing multiple teams. Automated workflows are essential for the proper upkeep of patients and clients, and will help your organization stay in compliance with regulatory requirements.

    Have a challenge that has been solved by ERP software? Respond in the comments below!

    Receive New Posts via Email!

    Enter your email address:

     

    Archive

    2016

    2015

    2014

    2013

    Media Contacts

    Peter Olson Director of Corporate Communications 408-878-0951 | polson [@] intacct.com Twitter: @Intacct_Peter
    Brittany Benson Senior Corporate Communications Manager 408-620-3938 | bbenson [@] intacct.com Twitter: @brittanybbenson