5 Ways ERP Software Sparks Transformation

Introduction

ERP Software tremendously improves your business performance and scale. For many organisations it can appear harder to accomplish due to lack of internal knowledge, focus, deployment capability, resourcing and knowhow.

Summary

Here are five key metrics your business may us to gain focus.

1. Minimise delays:

Measure and identify activities that you wish to improve. Getting started with average days is a good metric to start with. Your software should give you insights on how long things are taking in your business. e.g Average days orders are taking to fulfil, days to close month end activities, days to initiate new projects. etc.

2. Digitalise and Automate processes to systemise operations:

With increasing volumes, it’s harder to do the same things which take multiple steps on repeat. Double handing of data between systems to accomplish transition and processing all add up. Automating business processes can make this easier for your business to operate as activities will take less time and complexity to complete.

3. Improve focus and actions:

Taking repeated actions daily require, review & reprioritisation of actions and often delegation to meet demand. It’s often harder to accomplish this without lists/queues to accurately manage and administered on a daily basis and report on progress. Often the actions require department inputs and information needs to be tracked easily. Having a software system to provide accurate information is a key in unlocking the potential for your business.

4. Gain business insights to make decisions:

Business insights are often hidden in within data and often need to be recomputed based on real-time view of the business as the information may change every day. eg. Average order value by customer, stock turn, coverage are all moving data sets which may change every day. Having a system to track all of that and recompute KPIs and metrics is a key to being informed and keeping on track of information.

5.Reduce Operational Cost and improve Scale:

Business have to keep on making investment decisions, hiring new resources, training on changes, purchasing decisions, commission new suppliers and resources all add up, impact cash, credit and fulfil your customer and business needs. Being able to do more with less will require your organisation to do more with same system and expand use. Often your business will need to measure capacity workload and productivity to gain a deeper understanding of costs and business impacts. You often have to cut down on non performing areas and increase capacity in performing areas.

At AVT we specialise in overcoming the above challenges with software solutions. We have accomplished this for over 200 businesses. We use NetSuite ERP software to overcome the challenges, automate business process and achieve improvement and scale for your business. Our clients vary from Unicorns to Small family owned businesses. To find out how you may benefit please reach out to us at Contact AVT Page to get started on your business Digital Transformation.

Oracle NetSuite ERP is a cloud based business platform that provides your business with complete end to end solution and integrated reporting to run your organisation in a streamlined way. With over 32K customers globally, your business can easily deploy and roll out streamlined processes, prebuilt Dashboards, Reports, KPI that can help overcome reporting and operational challenges you are facing today and align your business to meet future needs. Using the APIs, you can easily integrate your ERP data with 3rd Party systems and reduce your data entry administration.

New to NetSuite?

To learn more, AVT – Australia’s Leading NetSuite Solution Provider & Partner has created a complimentary NetSuite ERP Evaluation micro-site to help executives learn more about ERP and its deployment, using pre-recorded process demo videos, White papers and data sheets, so you may evaluate this at your own pace. You can gain access to to the site by completing your Registration in the link: NetSuite Overview Demos.