If you’re making an economic case for enterprise software, improved reporting is an attractive benefit. Accurate, timely and reliable data can transform a business’ outlook, and help its leaders make intelligent decisions to steer the business on a course for growth. But if your reports are difficult to understand or not providing the data that you need, you may be missing many opportunities.
Take a look at your current business reports. If you find yourself combining numbers in spreadsheets to make reports you can actually use, it’s time to take a serious look at new business systems that offer easier, more accurate reporting options.
A new white paper from Sage offers insights into conducting a cost-benefit analysis for enterprise software that may be helpful to you. As you study the many benefits and potential costs, improved reporting may be a benefit your company can profit from for many years to come.
How Enterprise Software Improves Reporting
Companies can be awash with data. Good reports translate that data into easily understandable information.
Enterprise systems such as Sage 300cloud (formerly known as Sage 300) and Sage EM (formerly known as Sage X3) offer customizable, flexible reporting solutions for different types of companies and industries. Departments who may need to paint different data pictures can choose from among a palette of customized reports that suit their needs.
One of the many areas in which Sage 300cloud (formerly known as Sage 300) and Sage EM (formerly known as Sage X3) add value is in their reporting features. These tools offer many options to customize the reports your teams use. They also enable cross-team features to integrate data in various ways that can help business leaders make important decisions.
It’s not just the information itself that’s so critical to your company’s future. Making information easy to understand is another way that enterprise software improves reporting. If most employees can understand the reports quickly, they can use the information immediately. Training can round out any gaps in their understanding of how to read, interpret and use the reports.
Replacing manual reporting systems with enterprise software makes sense if improved reporting is among your company’s priorities this year. Think of the time, effort and money that improved reporting can save you. Now you understand why this is one of the many benefits included in the white paper’s suggestions for the cost-benefit analysis.
Other Tips Included in the Paper
After conducting an economic cost-benefit analysis, there are other steps to ensure that enterprise system implementation goes smoothly. The whitepaper also provides suggestions for setting and managing employee expectations.
Employees may expect an ERP system to do more than it actually can. It can’t replace creative thinking, for example. It can provide actionable data that may fuel new creative projects, but it takes your staff to make that happen. Setting expectations before enterprise software implementation is important to prevent erroneous assumptions about what such a system can and cannot do.
Lastly, the new paper includes tips for making the most out of your ERP investment. Clear goals, comprehensive training so that people use the system’s many features, and regular assessment of the enterprise software’s value to the organization can help you make better decisions for your company.
When the ROI exceed the TCO, you know you’ve got a winner. Through careful consideration, needs assessment, cost and benefit analysis, you meet your goals with an enterprise software solution.
Download the White Paper Today
The new white paper is free to download and available from IWI. Download Conducting a Cost-Benefit Analysis for ERP.
Enterprise Software Consulting from IWI
If you’re not sure where to start with your cost-benefit analysis, contact IWI today. We offer comprehensive ERP consulting that includes a discussion of the challenges your business faces and potential solutions to those challenges. We can help you uncover many potential benefits and examine the costs of enterprise software for your business.
Contact IWI today: 1-866-916-3851.