{"id":13880,"date":"2023-01-11T10:33:59","date_gmt":"2023-01-11T10:33:59","guid":{"rendered":"https:\/\/cofficient.co.uk\/?p=13880"},"modified":"2023-01-11T10:33:59","modified_gmt":"2023-01-11T10:33:59","slug":"automation-enhancing-performance-of-your-erp-system","status":"publish","type":"post","link":"https:\/\/www.cofficient.co.uk\/automation-enhancing-performance-of-your-erp-system\/","title":{"rendered":"Automation Enhancing Performance of Your ERP System"},"content":{"rendered":"

It is a common question – what kinds of add-ons, extensions, or connectors would your ERP system benefit from?\u00a0 The questions makes perfect sense in a scenario where you established a best-of-breed system ten years ago to provide your company with a ‘single source of truth’.\u00a0 Conversely, the rise of e-commerce, online marketplaces, social media marketing, next-day deliveries, and other similar developments have made it challenging for a single truth-teller to stay relevant.<\/p>\n

The advantages of automation enhancing are best viewed in the context of concrete business results rather than as features of the underlying infrastructure.<\/p>\n

It doesn’t matter if you are a publicly traded infrastructure firm managing millions of assets in the field or a greengrocer who acquired a warehouse and turned his business into a seven-figure warehouse distribution company; the underlying difficulties are the same in each case.\u00a0 How can I expand my business without increasing overheads?\u00a0 How can I improve customer satisfaction without increasing the size of my customer service or sales teams?\u00a0 What strategy can I employ to get a competitive advantage in the talent market?\u00a0 What can I do to stay in line with ever-increasing carbon and ESG regulations?<\/a><\/p>\n

The answers to all of these questions depends on how well businesses can automate some of the areas that have been identified.<\/p>\n

 <\/p>\n

Releasing Essential Members of The Team<\/h4>\n

Businesses always prefer that the month’s end be less complicated, less time-consuming, and more accurate the first time.\u00a0 Imagine a procedure in which data is collected from numerous systems, consolidated, reconciled, and visualised, and then a draft of this information is sent to your finance department for evaluation.\u00a0 Their role has abruptly shifted from data entry to “approver”.\u00a0 They review the numbers, spot errors, and pass a series of journals back to Automation; they’ve become “requestors”.\u00a0 After some recalculating and redistributing, the finance team finds itself in the role of “analyst”, looking at performance rather than data quality.\u00a0 Suppose you spend much time on an enterprise resource planning system.\u00a0 In that case, you might want to ask yourself, “Am I requesting, approving, analysing, or something else?”\u00a0 As soon as possible, automate another business process so you may devote your attention to making a more significant contribution to your company’s success.<\/p>\n

 <\/p>\n

Improving Capacity Through Creation<\/h4>\n

Did you know that one of the major airports in Europe presently has more than 10,000 employment opportunities as the world begins to open back up again?\u00a0 How quickly can you switch on 10,000 of your most important team members?\u00a0 What are the hiring costs?\u00a0 What are the quality risks?\u00a0 How much money may be lost due to bad hiring decisions?\u00a0 Consider a ‘Digital Worker’ potential value in your recruiting strategy and adopt an automation enhancing first mindset while developing your hiring strategy.<\/p>\n

 <\/p>\n

Sytem-to-System Data Integration<\/h4>\n

The platform only works if it’s connected.\u00a0 If the orders it generates in the warehouse aren’t processed, it doesn’t matter if you have the best-of-breed eCommerce platform available.\u00a0 On the contrary, an ERP system often has several additional connectors, including customer relationship management (CRM), electronic commerce (eCommerce), and warehouse management.\u00a0 There are fewer opportunities for improvement and more hygiene factors in selecting a core system.\u00a0 However, how much further does your integration ambition reach?\u00a0 What would happen if your customer support staff could modify the workflow between your ordering system and your e-Commerce platform to extract delivery preferences (such as “leave with a neighbour”) in response to customer feedback?\u00a0 Imagine if your company onboarded a new carrier for shipping your products, and your finance team could link your ERP immediately without help from your developers.\u00a0 This is the world of low-code integration platforms in the present day, and if you are not currently experimenting with one, you should start doing so.<\/p>\n

 <\/p>\n

Accelerating Time to Insight<\/h4>\n

Did you ever get that phone call from the very stressed supplier, who’s become a friend over the years?\u00a0 They apologise, but the writings on the wall, the pandemic, the war, the recession – it got them.\u00a0 Imagine if a software bot verified the credit of every company in your supply chain once a month using an external credit rating service and then provided you with a dashboard that showed how healthy your supply chain was.\u00a0 Wouldn’t that make your company more robust in the year 2023?\u00a0 There are many examples from a world where bots can search through vast volumes of data to surface exceptions or identify errors in reconciliations – how much do you lose through non-settled payments each year?\u00a0 Your payment gateway, ordering system, and general ledger may all be reconciled by a bot and you definitely can count on it.<\/p>\n

 <\/p>\n

NetSuite ERP by Cofficient<\/h4>\n

NetSuite was developed to adapt to the changing needs of organisations as they expand and to expedite the execution of vital procedures.\u00a0 In turn, this enables them to continue concentrating on what they do best and to promptly and confidently respond to new possibilities presented by the market,\u00a0 NetSuite ERP provides businesses with the instruments necessary to accelerate development and drive innovation.\u00a0 Theses capabilities include comprehensive financials, administration of supply chains, billing, and more.<\/p>\n

To learn more about NetSuite ERP, get in touch.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It is a common question – what kinds of add-ons, extensions, or connectors would your ERP system benefit from?\u00a0 The questions makes perfect sense in a scenario where you established a best-of-breed system ten years ago to provide your company with a ‘single source of truth’.\u00a0 Conversely, the rise of e-commerce, online marketplaces, social media […]<\/p>\n","protected":false},"author":2,"featured_media":13712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[19],"tags":[269,37],"yoast_head":"\nAutomation Enhancing Performance of Your ERP System<\/title>\n<meta name=\"description\" content=\"There are many benefits to automation enhancing within your ERP solution. 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