As a company leader, you’re constantly looking for new and innovative ways to grow your business. If growth has been slowed due to outdated and time-consuming processes, it may be time to invest in an enterprise resource planning (ERP) system. ERP software delivers comprehensive financial management capabilities required to grow a changing, complex business like yours. While there is no single indicator that your business needs an ERP system now, there are numerous signs that your company is ready for ERP. If you notice any of these following signs, contact an NetSuite ERP software implementation consultant from Horizon Associates Group, LLC to learn more about the benefits of an ERP platform.
Financial Reporting Takes Too Long
If your employees spend hours every week entering invoices and sales orders into different accounting and sales systems, or if it takes ages to consolidate or reconcile financial information across multiple spreadsheets and databases, it may be time to seriously consider ERP software . By providing all financials in a single database, an ERP solution will enable your accounting staff to be more productive and deliver critical financial reports without delay.
Multiple Solutions Used for Different Processes
When different front- and back-end systems run separately, it can wreak havoc on the processes that are meant to keep your company running smoothly. ERP software integrates various systems and applications into a single, comprehensive solution, which frees up information logjams and enables your staff to make better informed decisions more quickly.
Key Performance Metrics are Unknown
In the modern business world, speed is everything. Unfortunately, it can take a very long time to update and reconcile multiple spreadsheets and databases to access information about key performance metrics. With NetSuite ERP software, you can get a holistic view of business operations at any time. Employees can also access all the information they need to do their jobs more effectively, which means greater bottom line projections for the entire organization.