The Covid-19 pandemic continues to cause a global knock to the economy. Many companies folded under the pressure while some others only barely survived. Organisational leaders are now faced with the challenge of rebuilding, rejuvenating, and strengthening their businesses. For this purpose, leaders have been turning to advanced Enterprise Resource Planning (ERP) solutions.
ERP offers a wide range of benefits, particularly in the management and planning of resources. “Advanced ERP Solutions, such as Infor CloudSuite Industrial (CSI), gift organisational leaders and decision makers with the ability to take control and to optimise their businesses in a time of extreme uncertainty,” explains Paul Bouchier, Sales Director at iOCO, within iOCO Software Distribution, the local Infor Master Reseller.
With advanced ERP technology, organisation-wide data becomes available in real-time to those who need it. This transparency allows for more advanced decision making, based on current and relevant information, empowering immediate action and problem-solving capabilities. This quick to the draw ability allows organisational managers to manage the risks and grow strengthening potential. This helps to rebuild the organisation by improving time to market, consistency, and sustainability. “The CSI solution provides key insights and metrics into the business with industry specific, prebuilt analytical content. This is crucial for organisations that want to strengthen their offerings and grow their profits,” continues Bouchier.
One way in which businesses are looking to increase their business resilience and profitability is through globalisation. A wider, international, market reach allows for a larger client base, and an advantageous exchange rate on earnings in some instances. Advanced ERP technology allows for operations to be cloud-based and on-site. This cloud-based flexibility strengthens global reach and functionality.
The technology is specifically designed to help business leaders and decision makers plan and manage resources for greater efficiency and profits. With proper application, product stability and quality can be greatly enhanced, and this new standard of production can easily be maintained. “The solution is easy to use and flexible. Organisations can feel fully supported in emerging out of a state of crisis, empowered with the knowledge that a reliable ERP solution is providing pivotal customer support at all times,” adds Bouchier.
When selecting an ERP solution, it is imperative to choose wisely. The technology must actively listen to and engage with customer needs and desires. “A single version release which allows for monthly updates and feature enhancements that occur quickly, like Version 10 of CSI, is highly beneficial. This continual enhancement is an essential element not only for the solution itself but for the organisations utilising it, allowing users to leverage the most advanced version of the solution, for cutting edge functionality and competitiveness,” concludes Bouchier.
The devastating and crippling effect of the Covid-19 Pandemic on organisational stability is a very real, ongoing concern. Advanced ERP solutions offer businesses the opportunity to reclaim their functionality and step into their resilience.