Enterprise Resource Planning (“ERP”) software like Sage Intacct is the backbone of a business. Just like our backbone supports our body, an ERP system supports all of our essential business processes. ERP software handles everything related to a company. It brings all the data and business processes together into one unified system. From inventory to reporting, planning, manufacturing, supply chain, operations, financials, and human resources, an ERP solution helps manage all your core business functions. This might be why it’s sometimes tough for businesses to admit they need to upgrade their existing solution (which is often multiple tools). It’s a lot of work. It can be extremely overwhelming, and even a little bit scary. We don’t need to further explain why. However, what we do want to try to explain are the benefits of ERP software and why migrating to Sage Intacct’s cloud ERP solution might actually be worth the work.
Employee Retention
A business’s growth is highly dependent on the quality of its people. Yet, 21% of employees working with outdated technology will leave their job because of it. Staff recruitment and retention isn’t just about finding the right candidates or offering free yoga classes (although that is a big part of it). Employers need to consider the benefits of ERP software, and using new, more modern systems to also attract and retain top talent.
The most valued employees are keen to learn new things and advance in their careers, and they can do this best by using cloud-based, best-in-class ERP software. Sage Intacct offers built-in features and tools, like customizable dashboards and real-time reporting, that increase productivity, and boost employee morale mainly because employees see the positive impact their work is having on an organization and its bottom line. Don’t underestimate technology’s impact on employees and organizational growth.
A bonus to lower staff turnover is you’ll find yourself spending much less time and money on staff recruitment and retention activities. This time saved can now be spent elsewhere – on tasks that increase productivity and profitability, like process streamlining or competition analysis.
Competitiveness & Scalability
Where your business is today, is probably not where you plan to be in the future. With Sage Intacct’s seamless scalability, you can adapt to market demand and business needs quickly without a significant increase in operating costs. As a leading cloud ERP system, it fits your business now, as well as your business of the future.
If there’s anything we can say for certain, it’s that we don’t have a crystal ball to predict the future. As market demands and technology constantly change, one of the best decisions you can make for your company’s future is to choose technology that can change and grow with you. A solution that can adapt to whatever your business needs to stay competitive and to take advantage of growth opportunities, especially when they often pop unexpectedly.
Accessibility
Efficiency is key for any business and not only can a great ERP system simplify your processes, but it can increase your efficiency (and success) by making data-driven decisions. For example, Sage Intacct offers strategic clarity with real-time visualization and reporting that easily showcases business performance. Gather data insights at your fingertips 24/7 whether you are on the bus, working from home, or vacationing at your favorite beach spot. Stay informed and up to date on all business-related activities so you can make those critical decisions quickly no matter where you are.
Mobility and accessibility are key to driving profits. The workplace environment changed abruptly in 2020. This is expected to continue with an overwhelming 97% of workers desiring some form of remote work in their jobs. Sage Intacct’s cloud-based application provides the opportunity for anyone to be productive from any location while still offering top-level security for your data.
Automation
The use of automation is growing. A 2020 global survey of business leaders from a wide cross-section of industries conducted by McKinsey & Co. found that 66% were piloting solutions to automate at least one business process, up from 57% two years earlier. Clearly, organizations are realizing the benefits of ERP software automation and want in on the action. Sage Intacct lets you configure and automate unique and complex processes while also safeguarding compliance and auditability. Automation of processes allows time spent on tedious manual processes to be reallocated towards strategic initiatives – the goals and projects that matter most to the evolution and viability of an organization.
Thanks to modern cloud ERP solutions like Sage Intacct, all your data is centralized into one system. Having one centralized, optimized system decreases data entry errors, along with the time and effort it takes to enter data multiple times into multiple systems. Your staff has the added benefit of feeling relief from the reduction of repetitive and monotonous tasks, like data entry. The cost of inaccurate data can be significant, but with automation, your team can avoid almost all of them while also improving productivity and overall job satisfaction. Remember, better data quality drives better decision-making.
Transitioning your outdated ERP or accounting solutions to a new cloud-based solution is a big decision that has the potential to reap considerable benefits. We feel Sage Intacct can alleviate some of your apprehension, and ultimately make it very clear that it’s worth it in the end. Alongside a trusted partner, like Forbes Andersen Technology, we can make sure your ERP implementation is a success, both during and afterwards… it won’t be a decision you’ll regret.
