Using Technology to Drive Value Generation
The nature of the workforce as we understand it is undergoing a definitive shift, with technology at the source. Considering the sheer quantity (let alone quality) of the technological advancements made in the last 30 years, I.T. leaders have a significant task to contend with in keeping on the cutting edge of advancement. Whether it be meeting the expectations of your employees, adopting and adapting new technologies or creating flexible environments, IT leaders must find ways to meet challenges head-on.
By embracing new technologies, IT leaders and innovators are declaring to the world that these advances in technology are not a barrier to work today, but rather an opportunity to fundamentally reorganize their teams, environments, and strategies. For many teams across the globe, this has been their strategy since day one, leaving others sprinting to catch up.
Keeping Up with the Pace of Advancement
IT leaders are dealing with evolving work environments, balancing the demands of a new generation of workers, while also meeting the demands of budgetary pressures and customer expectations. If they want to succeed in their task of providing a competitive advantage to their businesses, they must educate decision-makers on the value of leveraging digital tools. Decision-makers need to recognize their IT department and its leaders are drivers of profitability, rather than cutters of costs. The digital revolution will continue to shape the fabric of business, with technological innovation serving as a central pillar of the future of work.
The driving force of technological advantage is all about generating greater value for your business. Value can be gained through a number of sources, including an increase in operational efficiency, a reduction in expenditure, or delivery of a generally improved experience for both employees and customers. Providing value through technology has proven reliable, and consistently beneficial, resulting in ngreater operative capacity and efficiency across industries.
Technologies That Generate Value: The Case for ERP
In the modern working environment, IT is more than a simple provider of services. For many businesses, IT serves as the central pillar, which supports their digitally-empowered business. But many advancements are still emerging as usable tools in the business world, meaning they are widely underused by large scale companies and inaccessible for small and midsized businesses. Fortunately for many small businesses who are still using Excel for inventory, while lacking systems for accounting, lead management, and contact organization, there are steps you can take to improve value generation in your business, without looking to the cutting edge of consumer and business technology. One such advancement benefiting the technological laggards is the advent of cloud-based ERP systems designed for small and midsized businesses.
Using an ERP system to unify your business IT systems under a single, holistic banner is a way countless business owners can be using technology to generate value. For businesses who are otherwise largely ignoring business-benefiting technologies, the implementation of a cloud-based ERP platform provides them the opportunity to gain access to the advantages provided by the business technology advances of the past 30 years.
How a Unified System Can Generate Value
Your business can take advantage of a connected work force, with ERP unification enabling employees’ ability to efficiently collaborate across departmental lines. You can make use of departmental IT systems like customer resource management (CRM), accounting platforms, inventory management, POS capabilities, purchasing systems, a sales platform, and a system for reporting on key metrics.
ERP systems allow you to gain a holistic vision of your organization and the individual players involved. Access to this unifying view, and the unification itself, allows your business to operate more efficiently. By connecting your disparate business IT systems under a single banner, businesses adopting an ERP platform can simplify picking, order entry, purchase orders, reporting, finance management and POS workflows. This is done through the elimination of duplicate data input steps and the breaking down of previous barriers to communication through the company.
How the Cloud Advantage Generates Value
Beyond gaining access to the cornucopia of business IT systems that came to the fore over in the past 30 years, using a cloud based ERP system also allows you to take advantage of the many benefits that come from running your core business systems from a cloud platform. Cloud computing generates value for your business by saving time, effort, and monetary investment.
Beyond reliability, cloud ERP systems can more easily scale with your growing business. By enabling business scalability, cloud based systems support your company’s goals of greater productivity, and scale without the need to reengineering on-site servers, or reimplementing a system which supports it.
Furthermore, by allowing your employees to work remotely, access key business data in the field, and update leads, inventory, and financial information regardless of where their work takes them, the system promotes a more flexible office environment. This itself provides scalability through a lack of physical confines, while simultaneously generating value for your business through reduced office space requirements and associated costs.
Are You Prepared for the IT Centric Future of Work?
With IT as the core of your business, you are able to focus on reinvestment and restructuring to make use of technology in order to drive collaboration between employees, improve data, boost information accuracy, and and increase efficiency organization wide. In these ways, technology can be the driver of efficiency and the unlocker of value, serving as an engine for the growth in your business.