Digital transformation requires agility to efficiently adopt and adapt the company’s strategy to the cloud, thus meeting business needs, or quickly switch to new tools or processes to generate innovative results. However, spreadsheets just aren’t a solid enough foundation to build on that approach.
Businesses need to ditch the spreadsheets and implement modern solutions with a framework specifically designed to help manage each business. A move away from spreadsheets to modern alternatives will help the finance and IT team optimize costs, accelerate delivery, and clearly articulate the cost, value and quality of technology investments in pursuit of digital transformation. A new ERP system can help lower operating costs by automating manual processes, increasing productivity, and providing solutions to tasks that previously had to be completed with constant human intervention. The ROI of a new ERP attempts to calculate both the savings and the increased revenue potential that the new ERP system will provide to the organization.
Most companies only look at the cost of a new NetSuite CRM by calculating the cost of purchasing, implementing and maintaining the software. But calculating the return on investment (ROI) is also extremely important. The return on investment does not only imply in terms of financial gain. It can be in terms of the growth of productivity, efficiency or in terms of general improvement in the performance of the company or even in the measure of greater transparency in the operations carried out by the company and, of course, the satisfaction of the users.
While implementing NetSuite app, it is very essential that the return on investment does not only imply in terms of financial gain. Of course, there are long-term financial gains. But, let’s see what are the other ways to get a significant return on investments:
Productivity improvements: Consistency of data removes the burden of impertinent work from staff and managers. This helps them focus on their main tasks and therefore improves productivity. Single source of truth: The centralized database ensures that the customer order does not need to be stored in separate departments redundantly. A unique ID generated per customer or per order helps multiple departments access the same data.
All the points mentioned above ensure smooth processes throughout the organization. Smoother processes improve productivity, which in turn results in timely and consistent delivery. Consistency in operations and delivery will enhance the credibility of the organization in the marketplace and help it to be profitable in the long run. Therefore, ERP implementation indirectly impacts profitability, and therefore return on investment can be achieved significantly. The successful implementation of ERP systems is not only the main objective of the Smart Strategy team, but also to help achieve a return on investment (ROI) in the shortest possible time and obtain the results that drive your business.
Wondering what are the benefits of cloud PBX? Since the beginning of this decade, VoIP has transitioned from a new technology to something that is common in many organizations today. However, there are still many companies that depend on analog phone service. For those looking to make the switch, reading all the marketing phrases and technical jargon can be a difficult task. Since VoIP is a relatively young industry, especially compared to phone companies, many of the terms frequently used by providers are not strictly defined, leading to even more confusion.