“Give me accurate reports!” “Increase profits!” “Sort out the company systems!” If you’re a Finance Director or a key decision maker of your business, we imagine that these demands sound all too familiar to you! It’s inevitable that the pressure and stress will eventually leave you wanting to pull your hair out to the fitting soundtrack of Queen’s ‘Under Pressure’ as you attempt to decipher last period’s financials. Thankfully, ERP can save the day and your hair follicles with one simple, easy-to-use solution!
Take a time out, refresh your memory on what ERP can do for your business and you’ll realise that the answer to all your problems is staring you in the face. Today’s ERP systems have an increased number of functions that provide support to a wide range of business processes including financials. Furthermore, due to its scalable design, Dynamics NAV is suitable for all businesses. Whether you’re looking to migrate from accounts on spreadsheets, upgrade from your entry level accounting system (Sage 50 or QuickBooks) or ditch your incumbent ERP for something that offers better functionality, Dynamics NAV is the solution you need to alleviate pressure and get your directors off your back.
As the head of finance within your company, your job is to make sure that your business is running smoothly and that your financial performance is consistently improving. Here are just seven ways that a new ERP system from Microsoft Dynamics can improve your profits and get your business moving again:
Reduce the amount of time it takes to run a project, lower timeframes for production, and shorten the buying process with quicker order to delivery procedures.
Improving efficiency is great, but you can’t run your business solely on efficiency; you need to consider revenue too. ERP can help you to increase revenue by combining data from CRM and other functions to identify future sales opportunities, increase customer satisfaction and repeat business.
Due to the improvements in your business processes, your employees and systems will be more efficient which will have a knock on effect on productivity levels. It’s a win-win situation for everyone!
ERP will help you to identify and streamline the amount of business systems you currently use. Duplicate processes and under-utilised systems will no longer be required which will save you both time and money in the long run.
The best way to improve communication is to give your staff the right tools and the right information so that they can make better decisions. With ERP, key business processes are automated which minimises the errors caused by manual input.
The right ERP system should give you the functionality you need to improve communication with your suppliers and customers. Using electronic communication means that contact is faster, whilst lead-time is reduced meaning that the bills get paid faster. That’s what we call a streamlined process!
ERP provides all the functionality that a small/medium business needs to operate efficiently whilst improving profitably. A good ERP system such as Microsoft Dynamics NAV will offer features like finance, distribution, supply chain, sales management, manufacturing, marketing automation, project management, and inventory control. The list of possibilities is endless!
In addition to all the above benefits, a new ERP system for Microsoft will also provide some substantial savings such as lower software and support costs, less staff to do the same amount of work, and reduced training time due to the familiar look and feel of other Microsoft solutions.
If the pressure is getting too much for you, get in touch to see how Dynamics NAV can give you the breathing space that you need.
Article written by Mark Blackmore, QBSgroup
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