Growth Without Pain - Part 2: What Capabilities Fuel Profitability?
Growth Without Pain - Part 2: What Capabilities Fuel Profitability?

 

As discussed in our last blog with Acumatica, companies inevitably face growing pains when they scale to meet increasing demands. These challenges can hinder growth if they're not addressed and evolve into bottlenecks. Businesses must choose between addressing inefficiencies individually or adopting a comprehensive strategy to tackle multiple issues. Many companies today are:

•    Still relying on manual processes to perform internal operations and customer support
•    Continually adding new applications to manage routine processes
•    Working with conflicting versions of data
•    Struggling to gather real-time insights to make decisions

 

Scale with Growth

Upgrading your business technology should advance your business efficiency and scalability with no compromise. Adopting the right ERP will enable you to implement a comprehensive organizational strategy to maximize efficiency and scale your infrastructure alongside your business as it grows for years. The following capabilities are critical for growth, and the right ERP like Acumatica has these capabilities natively embedded and easy to use: 

 

End-to-End Visibility

Promoting growth requires eliminating obstacles. Companies must view operational statuses across every area in real-time to address issues and identify needs. In addition, they must generate reports that pull real-time and historical data from each system on demand. Custom dashboards can monitor real-time financial, operational, and organizational information at a glance, allowing companies to make decisions based on the most accurate and up-to-date information. 

 

Robust, Interconnected Applications

Businesses require an ERP system that integrates the operations of every department from the shop floor to the front office by linking sales, customer management, and finances. The ERP also automates and integrates industry-specific features like inventory, warehouse, and project management combined with fully integrated financial management, expense management, and intercompany accounting. Every process is effortlessly delivered and managed within your Acumatica ERP. 

 

Integrated, Scalable Workflows

When users cannot get their technology to do what they need, they resort to manual workarounds. Relying solely on standalone applications restricts scalability. Companies need integrated systems linking workflows and offering operational visibility. When looking for a platform, look for one that easily adds modules and users without customer interfaces. Cloud-based systems with consumption-based licensing, like Acumatica, can accommodate unlimited users. 

 

Accurate, Accessible Data

Standalone applications cannot efficiently share information, forcing users to work with multiple databases and adopt offline workarounds, which leads to costly errors. As a result, companies make billing mistakes, fail to resolve support requests promptly, and miss lucrative opportunities. They need a secured, centralized database that delivers one version of the truth. 

 

Analytics and Intelligence

To thrive in today’s highly competitive market, it’s essential to be informed in strategic and routine decisions. Companies must extract, analyze, and deliver insights from across the business. They need technology that gathers data from various parts of their business and swiftly presents actionable insights to facilitate decision-making.

 

 

Companies face the challenges of leveraging technology to grow alongside their business. As businesses try to navigate this pursuit for scalability, ICG has proven to be a trusted partner that helps them scale quickly and with ease. We have the expertise and solutions to help navigate the complexities of selecting and implementing the right technology for your business. With ICG’s support, companies can confidently harness the power of accurate data, scalable workflows, and visibility to stay ahead in today’s competitive market. 

 

Schedule Your Acumatica Demo Today