Learn how to identify the red flags in your business operations that signal the need for a cloud-based business management solution. Here are four major areas that require immediate attention:
Reporting: If it's hard to access the information you need about your business in real-time, then it’s time to consider a cloud-based business management solution. This is especially true as your business expands and you open more locations or allow employees to work remotely. Signs that your reporting capabilities are inadequate include reports that are error-prone, out-of-date, take too long to run, and cannot provide a comprehensive view of all business units.
Manual Processes: Incompatibilities between systems and imperfect integrations can leave employees copying data between systems, wasting valuable time. This is where a cloud-based business management solution like NetSuite can help by automating sales orders, order entry, invoicing, and approvals. It can also help eliminate data entry errors, and bad customer information that leads to unhappy customers.
Sales: Limited or disparate systems can cost you sales. Customers expect real-time stock levels, delivery schedules, and customer service responses. Signs that separate systems are hurting your sales include slow customer service, inaccurate stock levels, no self-service information on your website, and no easy way to collect or filter customer information for sales campaigns.
Accounting: Standalone financial systems can automate only a limited set of core accounting functions. As your business grows, your company will need to adapt to fit the application. This is where a cloud-based business management solution like NetSuite can help by automating accounting processes to match your business needs, handling a greater transaction volume, and streamlining financial consolidation.
If you identify any of these red flags in your business operations, consider a Manufacturing ERP cloud-based business management solution like NetSuite to help automate, streamline, and improve your business processes. JS Boss can help you evaluate your need and scope what instance of NetSuite you may require.
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