What is your business strategy, and what information is that strategy founded upon? It sounds obvious, but it is essential that all forward planning and strategic advancement is based upon the most accurate, complete and recent data possible.
So, are your systems keeping up with your business plan?
Often as an enterprise grows, the systems that were once more than adequate now seem to require too much work to keep them up to date. This suggests that it could be time to upgrade to a good ERP product to take your business into the future.
Forming your business strategy using data
With real time financial data your business can access budgets, trading position, and accounts when required, even when out of the office. The mobile capacity lets you access full business data in a secure and managed way through laptop, tablet or phone app. This is ideal for when you are in a management meeting or on the road.
The right kind of software solution should also be able to flag up overspend and inefficiencies. Cost reductions in your business are always welcome. Ensuring overheads are at a manageable level and streamlining the business is essential. This puts you in a good position to deal with any market fluctuations that continue to challenge businesses, both in the UK and across the world.
The benefits of business intelligence software
Integrated business solutions such as K8 provide up to the minute data on everything from stock levels, purchasing and sales data, through to financials such as margins. Each business is different and the K8 system can be tailored to fit your business as it grows.
Knowing which stock items are shifting well, where the margins are strongest, when demand peaks, and who your best customers are can be rewarding as you plan ahead. As a key priority for decision makers, the timeliness of accurate data and the ease of extraction should be high on their radar.
With the K8 ERP system, this is exactly what you get, and with the integration of the various modules, it also provides greater efficiency by reducing rekeying and the capacity for human input error.
Contact us about K8
If you wish to find out more about how the K8 ERP Software solutions can help with your business’ strategic decision making, contact us on 01488 662000.