The Story Behind the Story: Enterprise Resource Planning (ERP) Software Solves Financial Misery the Real Business Issues - Economies and jobs are inextricably linked. World economies are in a state of flux, as a result how can better enterprise resources help achieve your vision?
These short snippets from Inc.com and Steve Forbes, interview by Lewis Schiff, can be for us, coaching all to take to our business financial investigations. Financial misery is a large picture, one which for small to mid-sized businesses we deal with, makes sense to think through with wisdom.
Steve Forbes: Economic Cycles & Job Creation
Forbes Media chairman explains how entrepreneurs are impacted by and can respond to market disruption and financial crisis.
Manufacturing and distribution sectors are particularly vulnerable when they don’t have suitable ERP and supply chain financial management systems. These enterprise tools provide administrating and monitoring of business trends using streaming analytics and dashboard deployment pointing the way to solve-forward. Our findings confirm businesses are in real need for sound financial management systems. Those businesses with the proper enterprise software, coordinating information to push to executive and managerial dashboards, financial stress can be minimized.
Here is an example:
A company in financial stress uses many techniques and processes to sort out root-cause analysis and identification procedures. When systems do not align with outcomes, they are left questioning methods, data, systems and staff. Systems only do what they are "told.” Systematizing for its own sake is not the answer. Systems developed against results oriented visions are stronger and more flexible. They can deliver today’s information against tomorrow’s requirements. Flexing their muscles to gather, sort, filter and deliver trustworthy, reliable, and actionable data.
ERP is not a puzzle, it is more like an erector set - the difference is your vision comes first!
- What is your ERP system delivering to your organization?
- What are you expecting of your ERP systems and when?
- How ERP, overall, is working for your company?
- Do you have utilization, quality, functional or implementation issues?
- What has your company decided is ERP’s imperative this year?
- What is your vision, how are enterprise systems matching up?
Knowing where you are helps define where to start. For the best possible outcomes, align internal systems; people, technologies, and enterprise software to your vision? To start, click here for your personal enterprise answer and review.
SYSPRO was in the news which said they had recently received another award.
SYSPRO has earned the trust of more than 15,500 companies in 63 countries for its suite of visionary software that enhances the competitive thrust of small/mid-sized manufacturers and distributors. The company’s adherence to developing technology based on the needs of customers is among the reasons why SYSPRO enjoys one of the highest customer retention rates in the industry.