what is business management software? · integrated business management software collects and...
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What is Business Management Software?
What is Business Management Software? 2
Contents How integrated Business Management
Software can help you grow 3
What does ‘integrated’ mean? 4
How your business benefits from using
integrated Business Management Software 5
What happens if you stay with
non-integrated software? 6
It’s Your Move 7
What is Business Management Software? 3
Does your business have lots of separate systems, software and apps? Is your data in different places? Are your add-ons adding up?
You’re not alone – this is a common scenario for growing businesses. You started out with an accounting software solution to manage invoices, run reports, then as your business grew, you started adding other systems and apps to manage inventory, sales and customer data.
Before long, you found yourself in a muddle of separate apps that don’t always sync with each other at the same time. Data is sitting in different systems, simple tasks take much longer than they should,and informed decisions are slower to make.
It’s time to integrate.
How integrated Business Management Software can help you grow
What is Business Management Software? 4
Integrated Business Management Software collects and organises data across your business – finance records, sales numbers, HR, warehouse and fulfilment data – and brings everything together in one place. So, rather than digging around in separate databases, you can access the up-to-date information you need, when you need it, to make informed business decisions.
What does ‘integrated’ mean?
What is Business Management Software? 5
The only way to make informed decisions is with an
accurate picture of what’s happening across all areas of
your business. With information stored in one place, it
can be found easily. No more searching through multiple
databases or reconciling conflicting sources. Planning and
forecasting becomes much simpler. And, most importantly,
you know that the information you’re relying on to make
critical business decisions can be trusted.
Get accurate business insights in real-time
Using separate systems wastes more time than you might
realise. Think about the time lost due to double handling
information. Better yet, ask your employees to estimate the
time spent searching for information in various systems,
or correcting an error caused by incorrect or out-of-date
information. Now, imagine how much time they’ll save with
an integrated Business Management Software, with all the
data they need sitting in one system.
Speed up processes and save time
Reduce costs and headaches of IT maintenance and subscriptions
Free up staff to focus on creating value
With multiple systems, IT management can become a
nightmare. Customising systems, getting them to talk
to each other, and maintaining them with patches and
upgrades can be complex, expensive and time-consuming.
Not to mention the cost of multiple software licenses.
One integrated software solution means one all-inclusive
license, easier set-up and simpler maintenance.
Think about how much more competitive your business
could be if everyone had more time to come up with
ideas and improvements. With a single integrated system,
this becomes reality. Instead of manual reporting and
consolidating data, employees have more time to focus
on initiatives that create value for your business. And
you have more headspace for future planning, business
development and competitive analysis – all activities that
will grow your business.
How your business benefits from using integrated Business Management Software
What is Business Management Software? 6
Keeping your systems separate might seem like the easier option for now so long as you keep growing, it’s only a matter a time before you face serious challenges and risk slowing your growth.Here’s what your future could look like:
You waste time consolidating data from multiple systems
Entering data across multiple systems will lead to costly errors
Multiple staff are spending time on manual reporting tasks,
trying to find or consolidate data from various add-ons.
More administration means less time for everything else,
and staff morale is low due to time spent on repetitive
manual processes.
Imagine stock being shipped to the wrong address
because the shipping system doesn’t sync with the order
entry system. Or an error with warehouse data leading to
critical stock not being reordered. The bigger your business
becomes, the more data employees are dealing with,
and the more likely costly mistakes will happen.
You can’t make insight-led business decisions, or make them too late
You have no single customer view
When you rely on manual reporting to access information,
the reality is you cannot make serious business decisions
fast enough to stay ahead of competitors. Worse, you
miss critical information all together meaning you lose
out on opportunities or impact your revenue. Imagine a
component in your supply chain suddenly increases in
cost – how quickly will your business notice and adjust your
sales price? If your sales team keeps offering your clients the
same discounts on the product, before you know it your
margins are significantly impacted.
Without an integrated system, it’s impossible to get
a complete and accurate picture of your customers,
and act upon it quickly. Picture your salesperson pursuing
a customer who hasn’t paid their last few invoices.
They are wasting time on a sale only to have it cancelled
as soon as the order is raised.
What happens if you stay with non-integrated software?
What is Business Management Software? 7
The bottom line? Running a business without an
integrated system can cost you money and hold back
growth. An integrated business is a more efficient
one – one that makes more money, stays ahead of
the game, and is one step in front of competitors.
Are you ready to integrate? Talk to our team of
bigger business software experts today. They’ve
helped many businesses just like yours to transform
their business with integrated software.
It’s Your Move
What is Business Management Software? 8Australia
1300 555 110
New Zealand
0800 696 239
myob.com/enterprise
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