Think ERP like if You Were in the Race of Your Future!
More and more Australian businesses of all sizes and across industries understand the value of having a real-time, comprehensive picture of their operations. They are competing by including IT technology in their strategy.
Considering this, your company may be at a competitive disadvantage if you do not use an ERP solution. It's time to start thinking about ERP systems and deployment, because the sooner you can notice the huge benefits, the better. You are in the race!
The majority of these advantages have already been outlined by OTOOL in previous posts. To sum up, are concerned the followings:
- Business productivity
- Workflow and operational efficiency
- Data centralisation and security
- Visibility and real-time reporting
- Scalability
- Mobility
- Cost-saving
- Collaboration
- Customer service and experience
"How you gather, manage, and use information will determine whether you win or lose.” Bill Gates
The primary purpose of ERP and the factor that defines its success is its ability to allow the sharing and dissemination of information in an efficient way within the organisation. Today, the cloud-based ERP solution provides the information required to engage in the initiatives, programmes, and activities required to succeed.
As a result, you should think of your ERP implementation as an investment and an asset that will positively affect, in the end, the value of your organisation.
Furthermore, if you are considering selling your business, you must consider its value and the way it is calculated. A potential buyer will want to know how much of your success can be replicated. You should also consider the value of your business without you in it. Do you have well-defined processes? How do you demonstrate it? Here are some important questions that buyers will think about.
Cloud ERP software such as Odoo offers responses to the questions below and, more importantly, gives them evidence. ERP presence can illustrate that the company, procedures, and systems have provided value over time. It proves that the company has the potential to showcase both previous progress and future outcomes. The data recorded within the ERP system will also reveal tendencies. As a result, your ERP system demonstrates the viability of your company. It clearly shows profitability. It also shows efficiency and professionalism in your regular activities. Inventory, spending, budgets, and productivity are all tracked.
ERP as an evidence of your business'
capability and agility
Importantly, your ERP solution show that your organisation is "future proof." As more businesses migrate to the cloud, organisations using software-as-a-service (SaaS) ERP solutions can claim, without arrogance, that they can remain operational during floods, hurricanes, fires, tornadoes, global pandemics, and movement of staff!
And don't forget that the most obvious way an ERP system can make a tangible difference is the way that it integrates your essential business processes into one system. Odoo, through this all-in-one solution concept, offers this ability.
Above all, your ERP solution provides critical data and perspective. This is what estimators and potential investors want to see, but it is also what customers expect, and it is what employees require in order to stay with your company. ERP is a deliberate investment that strengthens your most valuable asset!
On the contrary, risk, inefficiency, and inaccuracy all have a negative influence on a company's value. ERP software such as Odoo can either eliminate or limit those factors!
Regardless of the industry, if a company is looking to sell, the primary goal is to acquire the greatest potential sale price. A variety of factors can have an impact on a company's final valuation, both positively and negatively. For manufacturers, for example, having an ERP software system in place can have a significant impact on how a business's worth is assessed.
Implementing an ERP system might seem like something that has immeasurable benefits, but the truth is, you can absolutely see the tangible enterprise value that it will create. Time is coming to consider Odoo as a valuable asset for your future!
