Strong growth is how companies survive—and thrive. The absence of growth is stagnation. Yet to grow, companies automatically assume that they must add overhead. Salaries, benefits, office space all add up. Sometimes it seems as if rapid business growth eats up all of the potential profits.
Planning for growth can be difficult. Managing your overhead, personnel costs, supply chain inputs, warehouse space, shipping, receiving, and operational tasks all change with growth. Staying flexible, nimble and responsive helps you meet higher demand without stumbling.
Another way to support increased demand is by using cloud-based ERP tools. Sage EM (formerly known as Sage X3) is a cloud-based enterprise resource planning tool that supports rapid growth without high-cost increases. You can do more with greater efficiency using Sage EM (formerly known as Sage X3).
Sage X3 is a cloud-based software package that provides support for all areas of your organization without a significant investment in hardware, software, and infrastructure to support it. As a cloud-based system, it runs through an internet connection. Any device that can access the internet can be used to run Sage EM (formerly known as Sage X3).
New hires may not necessarily need to work on site. You can add a virtual workforce, asking people to use their own computer equipment to log into Sage EM (formerly known as Sage X3) to do their work. It’s simple and efficient.
We’d like to invite you to take a personal, virtual tour of Sage EM (formerly known as Sage X3). IWI Consulting Group presents a comprehensive system-wide tour that will help you understand the many features and benefits of Sage X3. Visit us and take the tour.
Reasons for Sage EM (formerly known as Sage X3) Adoption: Cloud Increases Productivity with Minimal Costs
Here are some statistics that may help you understand how cloud-based ERP such as Sage EM (formerly known as Sage X3) lowers costs while support profitable business growth.
- 85% of business experts believed that cloud technology can help them grow faster.
- 94% of IT departments expect they will increase and expand the use of cloud technology in the next 12 months.
- Global adoption of cloud-based ERP is soaring, from just around 9% in 2014 to a projected adoption rate of 32% by 2018.
There are many reasons why companies choose cloud ERP. Among the top reasons:
- 84% desire to drive business growth.
- 74% strive for a more agile workplace.
- 64% hope to save time on routine business tasks so they can focus on other tasks.
- 52% look to simplify software management.
- 44% seek to reduce operation costs.
Once companies do implement cloud-based solutions, what happens? Many realize their goals of strong growth without burdensome costs. Those among the surveyed group who did implement cloud solutions found that their companies grew 21% more profitable than comparable companies who did not use a cloud solution. They also grew at a rate of 26% faster.
Organizing for Growth
Embracing cloud technology is just one step to support your company’s fast growth. Organizing your workforce around growth-focused initiatives is another. Delegating and sharing tasks, cross-training, and other methods of spreading the work out among different groups can also help keep your company humming as it tackles new clients, new orders, and keeping up with faster growth.
Make It Rain with the Cloud
Get your buckets out to catch the “rain” generated by the cloud. In sales, “rainmakers” are those who bring in the customers and the sales. While implementing a cloud-based ERP system alone won’t generate new sales or repeat sales, it will support improved productivity, enhanced communication, and rapid business growth, all without the added costs of hardware and the people to support it.
IWI Consulting Group helps businesses gain insights into their operations, inventory, and profitability. We provide software and support for a wide range of industries throughout Canada. For more information, please visit IWI Consulting Group or contact us today.