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Enhance, Upgrade, or Start Fresh?

By | Business Strategies, Systems Consulting | No Comments
Enhance, Upgrade, or Start Fresh? Part 4 in a 4-part series This is the final installment in a 4-part series examining the effect business software can have on company growth. To being with, regardless of whether the ultimate decision is to upgrade, enhance or replace a system in use, the appropriateness of your business systems should be part of the annual evaluation of your business plan, and definitely should be part of the discussion anytime there is a change to the business model or plan. Every business that succeeds will face the question of whether to upgrade, enhance the existing system or replace it with a new system entirely at some point in time, and there are benefits and costs to all three options. Some questions you should ask when evaluating your software include: Will the application be used throughout your company? Will multiple departments or organizational units be using it? Will this...
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Process Improvement and Task Delegation Support

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Part 3 in a 4-part series This is part 3 in a 4-part series examining the effect business software can have on company growth. Leading companies are constantly searching for strategies on how to reduce costs, or potential technologies that can replace outdated manual functions. You must have a baseline of your costs to measure against before you undertake any Process Improvement initiative. Process Improvement is a critical factor in agile and growth oriented organizations, and software that does not allow or facilitate such measurements will make your company less responsive. Innovation requires responsiveness, and measurement needs to be the guide for growth-promoting innovation. Without a baseline it is impossible to determine whether leveraging technology would promote efficiency and fiscal effectiveness to process improvement and innovation, or simply add cost. Process changes that may occur as the business grows are clearly not included in the decision regarding the initial software selection. All business...
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Measurement and Data Analysis Available from the Software

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Part 2 in a 4-part series This is part 2 in a 4-part series examining the effect business software can have on company growth. "You can't manage what you don't measure". Growing your business requires managing many different variables, and measuring them can become a time-consuming effort if your software cannot provide the data you need or produce it easily enough. Many companies find that their growth has outpaced the software’s ability to measure, report, and facilitate the analysis of their actual costs and receivables. The decision makers in a growing business need to evaluate the impact on growth and profitability of items such as cash flow, inventory, production rates, payroll, resource availability, payment cycles, and sales cycles change over time. Being able to measure these items, analyze the historical data of the company in increasingly sophisticated ways, and make accurate projections enables business owners to grow the business optimally and faster. The...
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Is Your Business Software Holding Back Your Business?

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Part 1 in a 4-part series Many factors contribute to the growth of a business, and each should be evaluated frequently to ensure they are contributing optimally. This is a 4-part series examining the effect business software can have on company growth. Business software should increase productivity and profitability. But, like many decisions made by business owners when starting up, the software and systems put in place need to be reassessed as the business evolves.. If not, the result may have a negative effect on productivity and profitability. If the systems are not providing the accurate and sophisticated analysis necessary to grow, the software may actually contribute to a contraction, which may be avoidable if the business owners and leaders routinely evaluate the fit of the software for their current and future needs. Most business owners would prefer almost any other alternative than migration to a new system. And it’s understandable, to a...
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