When a business is just starting out, using several different programs to manage business function isn’t a big deal. As a business expands, however, the costs to both time and efficiency can begin to add up. Effective business management software helps businesses address their scaling growth and operations by keeping things simple.
Let’s look at 5 ways companies can benefit from an investment in a business management system.
With a modern, high quality business management system, companies are able to access everything they need to know about their business easily and efficiently. With just a few clicks, they’re able to easily navigate from one screen to another, moving from accounting to CRM with ease, and more importantly, integrating these processes (more on this to come!).
When you’re new to the business world, you can often find free cloud-based programs that will meet your needs. As your business expands, however, finding an all-inclusive (and free) solution becomes considerably more difficult. Many programs are free up to a point, but then require you to pay if you’re invoicing, selling or generating more than a certain number of reports. Each individual piece of software may be reasonable, but paying for them all together can be much more expensive than one comprehensive solution.
And of course, to be a successful entrepreneur, you need to count costs not just in terms of dollars, but in terms of personnel hours spent on any project. If having multiple pieces of software causes your employees to take longer to complete tasks, then you start to lose productivity dollars. This can become especially problematic when information must be transferred from one program to another, taking up valuable staffing time (and costing you even more).
Every time you take information from one platform to another, you introduce the possibility of errors. You either have to tolerate those errors or you have to spend even more labour on checking for them. With a comprehensive business management solution, you put in information once; the software does the rest. For many businesses, this type of automation and simplicity greatly reduces the chance for errors.
The best business management systems allow you to access them anywhere. Harnessing the power of the cloud, 21st century business management platforms make sure that executives and salespeople alike have access to the parts of the system they need — no matter where they are. At the same time, great systems let your IT team make sure that no one has access to more than they need, matching access to responsibilities and confirming that information stays as secure as needed.
There are a variety of great business management systems on the market, including MYOB EXO. The system comes with a variety of modules that meet the needs of most businesses as they scale from single person companies into larger businesses. In the end, the best business management systems also allow for simplified customisation at their core.
When a company invests in a cohesive business management system, they gain the ability to see a complete picture of their operation. They can see which factors, internal and external, are affecting the business and changing how the business operates within the marketplace.
When you have a clear picture of your business’s overall functionality, you can make the necessary adjustments to keep things operating smoothly. This type of simplified management improves productivity, helps to contain costs, and keeps your day-to-day operations as simple as possible. When you are using half a dozen different programs to manage your enterprise needs, getting that holistic picture is virtually impossible.
Choose a business management system that lets you get that complete picture. That way, your business planning and marketing development can be on-point and useful as you move forward.
Would you like any more information? Contact Horizon to see how we can help your business achieve!
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