The elephant-in-the room for a lot of businesses is the sheer heft of regulations and compliance issues necessary, in some cases, to win a bid, or provide services and products to certain entities.
Of course, that’s one of the very important advantages of an ERP platform, like Microsoft Dynamics GP: the software provides a transparency across all the departments and along the supply chain.
Using old legacy ERP systems, does little in the way of providing a reasonable “safe zone” in which business can go on as usual, knowing full well that those nagging issues must one day be resolved.
For example, for the heavy construction firm building a government facility there are a litany of regs and compliance when it comes to hiring workers and subs; meeting green engineering specs outside and inside.
No longer can a few Rolodexes provide a ‘database’ of preferred vendors. Nor can Excel be the sole source of financials, or tracking payroll for staff and subcontractors.
In the past, ERP systems were accepted, primarily, as a financial and logistic support platform. Today, the software has evolved to include everything from lifecycle management of products to customer and supplier relationship management.
In short, businesses using Dynamics ERP software leverage their market prowess, gaining speed to launch new products and services, thanks to data analytics on customer preference and market conditions. What’s more, by using a single database management system, like Dynamics SL or GP, customer or supply problems are more easily ID’d, thereby enhancing decision-making capabilities in real-time.
It’s becoming commonplace that businesses approach the implementation of ERP systems as a “hybrid” solution to managing their business processes. This means that some critical files and programs will remain on-premise while others can be used as part of an SaaS solution.
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Written by J.K. (Sales Team)