6 Reasons To Migrate Your Financial Area To An Erp In The Cloud


It's no secret. The world of business and corporate financial management is changing rapidly. With the advent of Big Data - data sets or combinations of data sets whose size, complexity and speed of growth make them difficult to capture, manage, process or analyze using conventional technologies and tools - the company that does not adapt to the demands of the digital era with effective tools for data processing may be digging its own grave. This is why it is so important today to have ERP software in the cloud for financial management.

Because of the complexity that data management, financial reporting, maintenance and updating of programs and equipment can represent for a company's finance team, financial management through a cloud ERP is the most reliable solution.

Cloud computing (cloud technology) has made access to any type of software much easier, faster and more secure. In the area of finance, this type of technological tool usually generates less expenses, accelerates productivity and reduces the costs that traditionally had to be covered in the area of computer equipment, licenses and software updates. Now, all financial operations are carried out remotely without the need to use the company's human talent.

In addition to all of the above, there are solid reasons to migrate the financial area of your company to the cloud. We invite you to know them.

6 REASONS TO MIGRATE YOUR FINANCIAL AREA TO AN ERP IN THE CLOUD

1. SIMPLIFY YOUR PROCESSES

A cloud ERP simplifies and automates accounting and administrative processes. Operations and processes are performed within the same digital platform. The online work helps the finance team to know the daily behavior, in detail, of the company talking about numbers and results from anywhere and at any time of the day without complications, which will allow making the best decisions at the right time and in real time. You will also have updated inventory and stock information and total control of cash flow.

2. DEPARTMENT INTEGRATION

Thanks to ERP systems in the cloud, it is increasingly common for financial departments to participate in internal processes, integrating them with the rest of the company's functional areas. At the end of the day, it is these departments that know the state of the company and master the information necessary for senior management to make the pertinent decisions that will keep them afloat.

3. ADDED VALUE TO YOUR BUSINESS

Financial management in the cloud offers specific solutions with the necessary operational efficiency (regardless of its size or the sector in which the company operates). Flexibility in the choice of the software that best suits the company will ensure that it obtains the expected benefit, since it will be adapted to its needs from the first moment of its implementation. Companies or businesses that migrate their financial area to the cloud walk hand in hand with technology. And that immediately distinguishes them from the competition.

4. TOTAL CONTROL OF YOUR INVENTORIES

A financial software facilitates the consultation and precise control in real time of the company's financial transactions. The data revealed by the stock or inventory obtained are highly reliable due to the automation of the system that manages them. Thanks to this, optimal inventory levels can be achieved, reducing both overpurchases and typical shortages. And if that were not enough, one of the financial management applications of an ERP in the cloud is to automate the physical locations of the warehouse that allows you to locate the products according to the established order (when looking for it, to know in which section it is located, in which aisle and even on which shelf).

5. IMPROVE YOUR CUSTOMER SERVICE

Financial management through a comprehensive ERP system in the cloud allows you to know the real status of each of your customers. In real time and in an objective way, you know in what negotiation process the customer is in, what their orders are, if there are invoices to be paid, and it also allows you to provide a closer follow-up that generates confidence in them.

6. OPTIMIZE YOUR PURCHASES

Forget about surpluses in your inventory or shortages at the end of the period. With an ERP software in the cloud you reduce the costs derived from a lack of knowledge of your stock or inventory, improving your finances at the moment of making real, necessary and intelligent purchases. Thus, you optimize your company's financial resources without making unnecessary expenses.

7. ORACLE NETSUITE, AN INTELLIGENT SOLUTION

To achieve a digital transformation and keep your company in the world of global competitiveness, migrating your financial management to an ERP system in the cloud is a fundamental task. The comprehensive cloud ERP solution that your company needs and that is capable of covering every single process is called Oracle Netsuite. One of its most prominent modules of the platform is Cloud Financial Management, which allows you to simplify and automate key areas of your business or company, including planning, operations and finance tasks, reporting, project planning, tax compliance, inventory control, revenue recognition, order management, risk management, to name a few of its main functions. Oracle Netsuite is specifically designed to perform and fulfill each of these functions and exceed your customers' expectations, as it is the ideal solution to the most comprehensive and complete end-to-end financial management.

LihatTutupKomentar