No. 1 of the Cloud-ERP helps growth companies
Companies whose goal is significant growth are characterized by an energetic commitment to achieve this goal by all means. Turning a vision into a profitable business idea releases enormous resources that are always subject to limitations. Upon the moment when a company is financially secure in the market, has a solid customer base and sees that potential investors are convinced of their success, one should now urgently consider the introduction of supporting software tools. This is often underestimated, especially by start-ups, this has been demonstrated in recent statistics. For example, 90% of start-ups fail – in approx. 30% of the cases the cause and barriers lie in the way financial resources are utilized. A solution to mastering or even exploiting this crucial element is the timely implementation of appropriate business solutions.
The Buzzword is ERP – Enterprise Resource Planning! This means software for planning and controlling the resources and business processes of a company. This complex solution covers a multitude of areas such as Customer Relationship Management CRM, Finance and Human Capital Management HCM. But is this level of complexity really necessary right from the start? If the focus is placed on the needs of the user, the first area of need to emerge is clearly finance. Because a solid economical basis strengthens the confidence of investors, securing a long-term customer structure and keeps the entire company alive in the first phase of activities. If the structures and processes are considered from the onset and implemented in solutions that support flexible expansion, resources can be focused on expansion activities to gain a quick and more successful place in the market.
The selection of a suitable ERP system is a real Herculean task for growth companies. On the basis of forecasts and analyses, strategies and processes are defined, which are then constantly monitored and adapted. Flexibility with regard to the scope of functions as well as the standardized mapping of valid business processes are criteria’s that are of great importance in the evaluation process. The cost factor should not be underestimated, because hidden costs can lead to financial disaster and the end of the project.
Another requirement is the harmonious networking of the individual company areas and the resulting consistent use of all data within the company. Modern cloud applications support the cross-departmental processing and analysis of defined data, ensure transparent and optimized processes and promote agile corporate management – right from the outset and with a view to a successful future.
But which ERP solution is suitable for growth companies that want to achieve big goals? The Oracle NetSuite products were developed and designed especially for this target group. The cloud-based application guarantees the necessary independence for modern business ideas. Special packages such as SuiteSuccess contain standardized processes for select industries that ensure systematic and uniform processes. With fixed-price/fixed-scope, defined installation processes ensure transparent and thus calculable cost structures. Oracle NetSuite is a balanced ERP software that provides an established solution for today’s companies.
PROMATIS as a long-standing Oracle and NetSuite partner and as a recognized expert in Business Process Excellence, accompanies growth companies into their successful future.
Author: Sabine Rudolf
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