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Are Your Disconnected Systems Holding Your Business Back? Solve these issues with ERP

Many businesses often start with an off-the-shelf accounting system, such as Xero, MYOB Business or QuickBooks. This software has predesigned and simple processes, systems, and reporting, which is an excellent option for a small business until it starts growing… then you may find yourself stuck using inefficient workarounds or multiple systems which do not seamlessly integrate or share data in a way that connected systems do.

 

Check out these common pain points surrounding disconnected systems to see if your disconnected system is holding your business back from reaching its full potential and learn how an ERP system can maximise efficiency.


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Your Business Processes are Inefficient and Time Consuming

The Problem: Inefficiencies derail production, stall timelines and affect your bottom line. As your business grows and your demands increase, it is common to integrate an add-on to cover a gap in your current system. Your business may be using different systems for: receivables and payables; sales and custom orders; or tracking and receiving. This will cause your system to become clunky, as the applications cannot communicate efficiently. You may also be compensating for a gap in your current system with manual reconciliations and multiple Excel Spreadsheets. This is time-consuming and requires hours of manual entry which can be difficult and expensive.

 

The Solution: ERP systems can reduce the time spent on this by streamlining and automating many of your business processes, so you do not need to rely on manual data entry. ERP systems such as MYOB Advanced consolidate your data into one centralised location to allow you to easily analyse trends, identify bottlenecks and optimise processes more efficiently.


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Attempting To Track Data Over Multiple Platforms

The Problem: Growing businesses produce more data. Consequently, these businesses have turned to multiple systems to handle their operations, data collection, storage, and communication. Tracking this data over multiple platforms is highly inefficient, costly and increases the likelihood of human errors. Your employees will be burdened with the time-consuming task of manually entering data between multiple systems. This reduces productivity and increases the likelihood of human error or mistakes that comes with manual data entry. These mistakes make understanding your current performance very difficult and impact decision making, customer satisfaction and operational effectiveness.

 

The Solution: ERP systems streamline business processes to integrate sourcing, jobbing, stock management, production processes, sales and distribution. These systems also eliminate duplication issues that can occur with multiple software integrations. ERP systems allow you to easily access data anywhere, anytime to efficiently record, analyse and improve your processes and business decisions. ERP systems decrease frustration by streamlining your business processes and increasing productivity.


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Missing Important Insights

The Problem: Customers are the lifeblood of business. Disconnected systems prevent your company from gaining a comprehensive understanding of your business and its operations. This could mean important insights and critical trends that drive your strategic business decisions become difficult to understand due to fragmented data spread across multiple platforms.

 

The Solution: ERP systems can help your business if you are having difficulty managing and tracking inventory, receiving financial information or producing services for clients. MYOB Advanced has an in-built reporting tools and customisable dashboards enable you to gain actionable insights into your business performance. This enables you to recognise opportunities and address potential risks before they become an issue. You will be able to leverage your data to make decisions designed to optimise your resources, improve customer satisfaction, and outcompete your competitors. 

 

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Spending Too Much on Software Integration

The Problem: License fees. Staffing. Training. Operations. Programming. The cost of multiple integration systems can add up quickly and will further increase as the system becomes older and unsupported. You may have noticed your business is logging more support calls to your software vendor and may be contemplating hiring a programmer to write new functions for a specialised process. This is a cycle that continues if you continue to only patch the superficial issue rather than fix the underlying issue.

 

The Solution: An ERP system can store all your business data in one location for multiple business operations, including: accounting, manufacturing, CRM and HR. It eliminates the need for manual data entry and repetitive tasks by automating processes and integrating various systems required by your business. This saves time and minimises the chances of errors arising due to disconnected systems.


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Forecasts Based On Guesswork

The Problem: Growing businesses need features beyond what a basic accounting system can provide. It is impossible for your business to run smoothly if the front end and back end are running on two different platforms. The effect of this is further compounded if the data is stored incorrectly in one of the departments.

 

The Solution: ERP systems use Business Intelligence to provide your business with real-time data and prepare forecasts for customer and product demand. This allows you to make strategic and profitable business decisions related to scheduling production, managing labour and buying inventory. The dashboards in your ERP system can be configured to suit the needs of each of the onsite managers to allow your business to cut costs, increase productivity and boost sales.

 

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Your current software may be holding your business back from growing. Therefore, for a growing business, it is not a question of if you need an ERP system but when you need it. ERP systems can keep up with the pace of your business while providing you with a holistic view of your operations and allow you to access your data immediately. These systems keep your business processes up-to-date with efficient, intelligent technology that automates your professional and accounting processes and drives your business forward.

 

If anything in this blog has resonated with you or if you just want to know more about how ERP systems, such as MYOB Advanced, feel free to connect with Integrated Logic. We are more than happy to help!

disconnected business systems hold you back

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