In the first of our three part series discussing Business Growth, we talked about the reasons why Sage 50 might no longer be the best solution for your growing business.
As a result, when your business has grown you will need to find a better suited mid-market solution to keep your business moving towards future goals. You may be surprised to learn that the first place to look may not be that far away, Sage provide accounting software solutions to cover each step of the business growth cycle, from start-ups with Sage 50 through to mid market national and multi-nationals with Sage 200 and Sage 300 ERP.
Managing large volumes of data across multiple databases is problematic at the best of times. Businesses are now relying on a faster delivery of information in order to complete planning and analysis, and old clunky reporting systems can slow this down.
One of the huge selling points of Sage 200 is the Business Intelligence reporting solution which comes with its on premise and hosted software. This allows far greater control as well as automation of tasks to help you streamline processes. If you choose an ERP which doesn’t offer BI you might be inundating yourself with barely comprehensible data. Without reports and underlying information, an ERP could cause more problems than it solves. A lot of your information could be going unused.
Automated reports can help you find information quickly and simply from the click of a button. Because they can be produced instantly, and every field (including customised ones) can be reported on, you can easily understand live data.
Without this software, the reports could take days of manual labour to produce, by which stage some of the data could be out of date.
Instant reports can allow you to make informed decisions based on the facts. You can also change fields for different information. Automated reported can help solve problems you were struggling with in Sage 50.
Sage 200 Business Intelligence gives you a unified and integrated view of all your data. Reports are produced on the familiar Microsoft platform. This means that you can access your reports using analysis tools such as Microsoft Excel. Business Intelligence includes 82 reports out of the box, for you to really slice and dice your accounts data and put it under the microscope.
Keeping Things Simple
Intelligent businesses need intelligent software. You don’t want something which is so complex it takes years to learn, by which point some of the features have become redundant. Rather than using complicated technical terminology, Business Intelligence uses clear business language which makes it particularly accessible.
Return On Investment
The amount of time you’ll save on producing reports will help you see a rapid return on investment. Rather than using intuition to make decisions, you can use hard data to determine the best direction for your business. Managers will also be able to start planning early and use forecasting and planning elements to predict trends and better understand purchasing behaviour.
Using Sage 200 can help you market to the right people at the right time, and pass on vital customer behaviour information such as identifying key accounts to your sales team.
You can also utilise the software for trend analysis which can produce anomaly reports. Trends will help you see when your customers are most likely to purchase. It isn’t just sales which BI can be used for though. You are also able to analyse working patterns, stock rotation, project timetables, manufacturing and deliverables. Use the reports to inform production, sales, manufacturing and service decisions based on trends.
The final part of our series on Business Growth will discuss the benefits of using Sage 200 with CRM, and how it can help organisation wide communication channels without needing to give sales teams full accounts access.