That is where technology comes into play. Nowadays, managing and growing a business without the help of technology has become next to impossible. We need the recent innovative technologies to ensure the right collaboration among teams and coordination among various processes and departments. ERPs and Enterprise Solutions are necessary for almost every business.
The question is – can an enterprise solution be effective for you? For most large companies, the answer is yes. Unless your business does something incredibly niche and you need a custom solution to manage it, enterprise solutions that are currently available can do almost anything you need them to. Bonus point: they take a significantly shorter amount of time to be ready for use.
However, there definitely are more enterprise solutions available in the market than you need. It can get a little confusing on which one to pick based on your needs and requirements. So why not discuss some of them that we (and most other people in the world of tech) think are the best?
Systems, Applications and Products (SAP)
SAP systems consist of various integrated modules to create a centralized management system for the enterprise. This eliminates some very important issues of a decentralized system. For example, human errors like data duplication or are prevented in an SAP.
Using SAP software can centralize all of your business processes sharing real-time data among departments. It’s proven to enhance productivity, reduce business costs in inventory management, raw material cost and increase profitability. And using SAP can also ensure better customer service resulting into happier customers.
- Finance and Control
- Production Planning
- Material Management
- Sales and Distribution
- Human Resources
- Customer Relationship Management
- Advanced Business Application Management &
- Business Information Warehousing
It is commonly believed that SAP is for your company only if you have thousands of employees. Even though that is somewhat true, it has two offerings specifically for SMBs. One of them is Business ByDesign, a business suite focused on fast-growing medium businesses. This cloud-based solution includes Financial Planning and Management software, Sales and Procurement functionality, HR tools, CRM and Supply Chain Management. Business ByDesign also integrates with Microsoft Office.
The second one is SAP Business One, a more affordable solution. It helps manage an entire small business – from accounting and financials, purchasing, inventory, sales and customer relationships to reporting and analytics. Ir differs from Business ByDesign in the fact that it’s an on-premise solution rather than a cloud-based one. On top of Microsoft Office, Business One also integrates with a number of third-party modules.
Systems, Applications and Products, being a centralized system that works for various sizes and forms of businesses nowadays, can be the right solution for many. It can fulfill the needs of most business processes happening in a company. But there are a few more great options out there to discuss.
Microsoft Power BI
The main purpose of Business Intelligence is to help businesses make better business decisions based on relevant data. By leveraging BI, analysts can create performance benchmarks to help the business run smoothly and efficiently. Moreover, it can help reduce costs and increase profits by analyzing market trends.
Microsoft Power BI comes in both on-premise and cloud versions and you can import or connect to datasets with it. This data is used to create visual reports with tables, charts and graphs. These reports then can be used in various functionalities and decisions.
Three key components used in Microsoft Power BI include:
- Power BI Gateway is the core of Power BI. It delivers visual reports to users while keeping the database secure.
- Power BI Mobile lets users view their reports in real-time on their smart mobile devices.
- Power BI Desktop enables analysts to create reports, explore data connections and add more datasets.
Oracle E-Business Suite
Oracle E-Business Suite or EBS is a set of applications that help you manage and automate processes in your business such as CRM, Enterprise Resource Planning or ERP and Supply Chain Management or SCM. We have already discussed the necessities of a centralized system for running a business. Oracle E-Business Suite helps with exactly that. Its functionalities include:
- A complete and integrated Business Intelligence portfolio
- An accommodating global business platform
- A client-facing applications strategy
SalesForce
There are many ways SalesForce can help you manage your customer relationships, increase your sales and gain more profits.
- Integrations with customer service and support apps can help you get all your customer data in one place. This results in faster and better customer communication. It is particularly handy as any interactions you track in your customer support application automatically integrate with your CRM.
- Integrating Mailchimp with SalesForce will power up your email marketing strategy manyfold. The Mailchimp app designed for SalesForce will let you easily manage Mailchimp subscribers from SalesForce leads and contacts. As Mailchimp is the preferred email marketing platform for many because of its affordability and SalesForce, if used correctly, is a gold mine for customer data, they can work together efficiently to create amazing results.
- Keeping track of customer social profiles on the SalesForce dashboard can help you personalize your conversations even further. All you have to do is to take a peek at their social media profiles before important conversations.
Customer acquisition and retention are two of the most important parts of any business. If you can’t sell your product or service, your business wouldn’t be valid. That’s where SalesForce can help you making it one of the most valuable enterprise solutions.
You may also check out an article on banking software development by DesignRush here: Banking Software Development: Types of Software and a Guide to the Development Process
