In a world of constant and fast paced change, disruption is the new normal. It is reshaping businesses and requiring business to adapt more quickly. Coupled with other global market pressures and a fundamental shift in the way people work, business leaders need to ensure they continue to evolve and innovate to deliver on customer expectations and ensure business growth and profitability.
According to research, 20% of small and medium sized businesses will cease operation by 20251 because they can’t pivot fast enough to digitise their operations and meet with changing customer demands. 73% of employees want flexible hybrid work options to stay post-pandemic2 and 76% of CFOs are dissatisfied with the gap3 that exists between business departments for operational and financial planning.
Many of the problems encountered by businesses are a result of a long line of investment in separate pieces of software over a number of years which are now hindering more than helping.
Employees are bogged down by manual and inefficient processes which leads to errors. Employee satisfaction is lower and turnover higher. The business experiences increased costs and reduced productivity as a result. So how do organisations overcome this?
This is where ERP comes in. Enterprise Resource Planning or ERP solutions allows businesses to adapt faster, work smarter and perform better. It helps businesses overcome these challenges and make their vision a reality by connecting the dots and improving effectiveness. These solutions can give businesses a complete view of their activity and performance, acting as a central hub for a variety of departments to access, collaborate and share information.
By connecting areas like finance, HR, sales, marketing, customer service and operations in a single solution, organisations can adapt more easily to disruption, rapid change and transformational business growth.
Prosperity 24/7’s specialist ERP team works closely with Microsoft to deliver their ERP solution, Microsoft Dynamics 365 Business Central to our clients.
Voted the Best ERP system in 2023 by Forbes Advisor, Microsoft Dynamics 365 Business Central is a cloud-based solution that uniquely offers the breadth and security of the Microsoft cloud, while continuing to offer different modules and extensions, so organisations can start with what they need today and adapt as they grow.
Not only is it a comprehensive business wide solution that sits at the heart of the business but it integrates with the familiar office environment of Microsoft 365.
Its advanced automation capabilities, robust reporting and analytics, and cloud-based delivery model make it an ideal solution for streamlining and optimising business processes, to help drive growth and profitability.
By implementing Business Central, our clients can confidently optimise business processes and unlock the insights needed to adapt faster, work smarter, and perform better.
Source: 1 IDC 2 Microsoft annual work trend index 3 Gartner AFP