Increased Productivity Just One ROI Benefit from ERP Systems, New White Paper States
Increased productivity is just one of the many benefits derived from ERP systems, according to a new white paper. The paper, entitled Conducting a Cost-Benefit Analysis for ERP, outlines numerous benefits to companies who implement enterprise systems.
Building the Economic Case for ERP Systems
If you plan to propose an ERP system for your company, it’s important to build a solid economic case for its implementation. Conducting a cost-benefit analysis can help you easily articulate the financial benefits to your company in return for their investment.
The first step in the process is to gather the costs of implementation. Obvious costs include acquiring the system, customizing it, testing it, training the staff to use it and upgrading it as necessary. Cost should be calculated on a monthly, quarterly and annual basis for comparison.
Next, assess the economic returns. The paper suggests that the returns on investment include:
- Streamlined procedures
- Greater intelligence
- Increased productivity
- Greater reliability
- Improved reporting
One way to build your case is to focus on any one of these issues that may be exceptionally germane to your company. For example, if your current system lacks a robust business intelligence reporting system, emphasizing the benefits to your company of greater intelligence may help you build the best economic case for implementing new enterprise systems.
Increased Productivity Improves ROI
Let’s take a look at one of the five returns: increased productivity. Enterprise systems such as Sage EM (formerly known as Sage X3) and Sage 300cloud (formerly known as Sage 300) can help you enhance productivity in many ways:
- Reduce time-consuming manual tasks by automating the most common ones.
- Use automated workflows to accelerate business tasks.
- Provide employees with information to solve customer problems and answer questions proactively.
- Track data for compliance and risk management.
All of these factor into increased productivity. Automated workflow management tracking compliance issues and easily accessed customer data helps employees work faster and smarter, not harder.
Costs Down, ROI Up
How long does it take your employees now to find crucial information? Do they have to access several systems, or spend time calling employees in different offices who have access to those systems?
Think about how that sounds from your customer’s perspective. While they’re on hold waiting for your employees to get back to them, they’re wondering why the “computer” doesn’t just give the employee the information she needs. Mentally, they are comparing their experience with your company with their experiences in the past with other, similar companies. If your company is found lacking, they may just take their business elsewhere.
Is It Time for a Change? Sage EM (formerly known as Sage X3)
Increased productivity also means breaking down silos and improving access to information companywide. That’s where Sage EM (formerly known as Sage X3) can help.
Through improved transparency, business data becomes available to all employees. Every part of your organization can become more productive when they have the right tools. With Sage EM (formerly known as Sage X3), you can empower your employees to work smarter, not harder, and improve productivity.
It’s a smarter way of doing business.
Download the Cost-Benefit Paper Now
We’d like to invite you to see for yourself how a cost-benefit analysis can help you build a case for an ERP system for your company. Whether you choose Sage EM (formerly known as Sage X3), Sage 300cloud (formerly known as Sage 300), or Sage BusinessVision to provide accurate, timely data, the more information you have, the more opportunities you’ll find to increase sales, improve customer satisfaction, and reduce costs. And all of that translates into improved ROI.
Download the white paper here: Conducting a Cost-Benefit Analysis for ERP
For more information on ERP consulting and the many other business solutions, please contact IWI. We understand business systems and how they can impact productivity. Call us at 1-866-916-3851.