Implementing effective Business Systems is essential to improving accuracy and efficiency across any organisation
Most companies recognise the need to implement an Accounting System to record their financial transactions, however, as organisations grow, there is a recognised need to implement other Business Systems to better manage and control processes, drive efficiencies and provide the foundation for the company to expand.
A Business System may be as seen as a simple checklist or spreadsheet created in an hour or two, however, most companies realise major benefits by implementing integrated end to end systems that drive performance and accountability across all departments.
“Great systems take the waste and inefficiencies out of a business, thereby increasing profit.
They help produce the daily results an organisation needs to be successful”
Systems that typically support business activities include but are not limited to:
- Asset Management
- Business Intelligence and Reporting
- Engineering and Project Management
- Customer Relationship Management
- eCommerce / Web Portals
- Enterprise Resource Planning
- Health, Safety and Environment
- Human Capital Management / T&A / Payroll
- Inventory Management
- Manufacturing and Fabrication
- Sales Force Automation
- Warehouse Management
Following is a list of typical business benefits that can be achieved by implementing effective business systems that are consistent and measurable across the organisation.
- Centralised and unified database of information provides a single source of the truth.
- Automated workflow reduces time and effort to complete tasks.
- Integrated process flows increase productivity and reduce production time.
- Reliable and accurate data and access to real time information, improves decision-making.
- Greater control and flexibility will enable your business to expand into new markets (products and services).
- Visibility of timely, financial information, reports and KPIs provide intelligent business analytics and ensures that the business is operating on an efficient and profitable basis.
- Decrease in the number of errors from manual data entry and duplication of tasks, reduced costs.
- Improved customer service and responsiveness.
- Adherence to regulatory compliance as the business rules are embedded into the system.
- Accurate information provides more realistic estimates and forecasts, thereby helping you to anticipate future business scenarios and direction.
- Attract and retain a strong workforce as awkward processes and inefficiencies create frustration.
- Provides a stable platform to accommodate sustained and long-term future growth.
- Improved efficiencies across the supply chain E.g. automated stock replenishment ordering and inventory control.