MANAGEMENT + SYSTEMS

How Cloud ERP can elevate KPIs

Implementing the right technology such as an Enterprise Resource Planning (ERP) solution to help track KPIs can prove a game changer on the path to growth. Supporting businesses with the management and automation of core processes – such as finance, accounting, inventory management and more –Cloud ERP enables businesses to track and analyse their KPIs in dashboards more effectively than disparate spreadsheets; providing ‘real time’ data, actionable insights and the ability to automate routine tasks.

One of the primary advantages of using an ERP system such as Oracle NetSuite in manufacturing and retail includes the centralisation of all business data. This provides businesses with the swifter access and analysis of the intel required to track their KPIs. Integrated software also bolsters businesses with forecasting and automation capabilities. Through harnessing ‘real time’ data for instance, an ERP system can help businesses forecast the demand for their products or services, allowing them to better plan for the future.

In addition, the automation of time-sapping accounting and inventory count tasks can further aid businesses in freeing up time for growth related activities – minus the headcount.

For large and small businesses eager to drive growth, tracking the relevant KPIs can help to equip leaders with a greater understanding of financial and operational performance – making it easier to identify areas for improvement. With the adoption of an integrated ERP solution, the process of analysing KPIs can be further streamlined and more easily acted upon so you can take your business wherever you want.

About the author

Ian Robertson is the sales and marketing director of BrightBridge, a UK-based technology consultancy offering Oracle NetSuite and Microsoft Dynamics 365 solutions. Ian has over 30 years of experience in ERP and CRM implementations. Prior to forming BrightBridge, Ian worked for a major US IT corporation, where he acquired a depth of knowledge around time saving efficiencies through technological integration and automation.