Winter Watch

Our selected must-watch video this quarter comes from Gartner Research and explores the world of Project and Resource Planning solutions specific to service firms.

The speakers in this video go in depth on the full scope of solutions available and the problems that they solve as well as how they will improve your business performance. It is important to pick the right business management system for your enterprise and be able to use it effectively.

Businesses that effectively use integrated systems across all stages of the business lifecycle have been found to manage resources more effectively and thus improve margins. Stats show that businesses with a clear view of their business end-to-end have 25–30% better margins.

Having the right business management system that can be used by both front and back end processes will help to improve productivity in all aspects of the business. By using a cloud based system you can expect 1.7 times the return on investment you would get from an on-premises system. This is because cloud based systems have more rapid and less disruptive upgrades saving money and increasing efficiency. A cloud-based system will also save you 20% on your IT costs, further improving your margins.

Business management systems that are industry specific are able to handle vertical business practices and specific processing requirements negating the need for customisation or third party software to fill in the gaps. Regardless of size, all creative businesses can benefit from purpose-built solutions. The visibility they get when framed in the specific industry context gives them a competitive advantage.