19 Oct

ERP Consulting Tip: Drowning in Data, Thirsting for Information

How Sage Enterprise Intelligence Simplifies Data

Part of ERP consulting is ensuring that companies have access both to accurate and timely data through their ERP systems. A new report demonstrates that the need continues for data improvements. Such improvements can be made through Sage Enterprise Intelligence, which integrates ERP systems, including Sage 300cloud (formerly known as Sage 300) and Sage EM (formerly known as Sage X3). You can download the white paper here.

Many companies find they are drowning in data yet thirsting for information. The Aberdeen Group, quoted in a new white paper available from IWI, reports that 47% of mid-sized companies agree that their employees are making decisions based on poor quality or incomplete data.

The same report indicates that 90% of business leaders feel they lack adequate information to make decisions when they need data. Approximately 27% of the respondents feel that data is too fragmented and distributed to facilitate the development of business plans.

Data, Data Everywhere

“Water, water, everywhere/and not a drop to drink” the poet Samuel Taylor Coleridge wrote in the Rhyme of the Ancient Mariner. Business can sympathize. Change the words to “data, data everywhere/and not a decision to make” and you understand the common problems faced by many manufacturing companies.

The solution may be found in ERP systems. ERP systems such as Sage 300cloud (formerly known as Sage 300) and Sage EM (formerly known as Sage X3) provide the following benefits:

Synthesizing multiple data sources into one system: Companies struggling with multiple data sources find a simple solution in Sage ERP products. Sage 300cloud (formerly known as Sage 300), Sage EM (formerly known as Sage X3), and similar Sage ERP systems bring together manufacturing, warehouse, accounting, finance, and sales data into one system. The resulting data reports can easily manipulate and amalgamate the information found within the system. Employees no longer have to run multiple reports and rekey the information into spreadsheets to look across departments for data.

Timely information: Companies need up-to-date information on all areas of operations to provide maximum benefit for decision-making. Without updated information, decisions may be based on faulty data. Newer ERP systems can provide real-time information from the manufacturing floor, the warehouse, or the sales team. It can greatly enhance your ability to make accurate decisions.

Accurate information: Automated systems such as Sage 300cloud (formerly known as Sage 300) and Sage EM (formerly known as Sage X3) provide accurate information. Barcode scanners synchronized to warehouse and manufacturing systems provide highly accurate data on inventory and production. This data is automatically fed into your systems, minimizing clerical errors and counting errors that can lead to erroneous data. It’s a simple, streamlined method that provides accurate information.

Finding the Best System for Your Needs

IWI’s ERP consulting begins with understanding the challenges that your business faces, then matching solutions to those challenges. You may be surprised at how the newer ERP systems such as Sage Enterprise Intelligence, Sage 300cloud (formerly known as Sage 300) and Sage EM (formerly known as Sage X3) can solve many common challenges “out of the box” and with minimal customization. Yet if you need such customization, it is available to you.

If you feel as if you are drowning in data without information upon which to base decisions, ERP consulting may be the first step on the path to automating your systems.

IWI Consulting: ERP Consulting in Toronto

IWI Consulting offers ERP consulting and systems to help you manage your data efficiently. With the right ERP systems, you’ll never feel as if you’re drowning in data. We can help you select the best system for your needs and learn how to use it for maximum benefit. Call IWI Consulting at 1-866-916-3851.