Businesses And Risk : How A Business Solution Can Reduce Risk
Selecting a enterprise resource planning (ERP) business solution for your small or midsize business doesn’t have to be a complicated process however it is important to bear in mind that the outcome will have important long-term consequences. Choose correctly, and your new solution can help you achieve the control, and insight you need to take your business forward with confidence; and also risk diverting time, money, and management focus to making the solution work instead of making your business succeed.
Operating a business which includes managing people, manufacturing or procuring your product, warehousing and distributing it, setting your pricing strategy, engaging customers, competing against other organisations as eager to succeed as you are – all of this creates business risk. Lots of things can go wrong and lots of details need attention. The right solution helps you tend to business by providing integrated, end-to-end visibility across your operation; delivering timely, relevant information that keeps you on top of the details; and streamlining your business processes for peak performance. The result is reduced core business risk.
Unexpected developments—economic downturns or new technologies, customer preferences, or competitors, for example—can also put your business at risk. You need to spot these developments and counter them before they cause trouble. The right business solution delivers critical information and provides built-in business intelligence tools to help your team identify trends, spot opportunities and capitalise on them quickly and efficiently.
Sticking with your under performing accounting software or outdated legacy systems limits your growth and business potential. But selecting, deploying, and using a new business management solution may involve risks of its own. How easy—and affordable—will it be to deploy, maintain, upgrade, modify, and extend? You can avoid the risks underlying these questions by choosing a stable vendor known for innovation, one that delivers easy-to-use solutions supported by local implementation partners who understand your business.
A business solution like Dynamics AX and Dynamics NAV can help you reduce risk. It goes beyond stand-alone accounting software and delivers innovation beyond most traditional Enterprise Resource Planning (ERP) systems creating an integrated, end-to-end view of your entire business. By bringing together the business applications that manage your business processes, with productivity tools that manage your calendar, tasks, and communications you get everything you need for your people and your business with a single sign on and integrated user experience.
addition, Microsoft’s unique combination of business intelligence, collaboration, and communication tools are embedded throughout our business management solution providing an intuitive and familiar user experience that increases user adoption and inspires productivity.
If you would like to have more information, contact us today.