This blog is part of our Growth Gets Complicated series, which discusses ways your mid-market business can scale with cloud-based, single-source financial and commerce management.
Business growth can lead to complexity because you're adding functionality and processes as you go. Maybe you started with two people and now have teams working in various departments. Or maybe you've reached a limit in one industry and are in the process of rapidly expanding your client base to an entirely different market.
Whatever the case, these changes demand quick and immediate scalability, which cannot easily be attained by managing piles of spreadsheets or having to undergo daily manual processes. This only leaves you with outdated business intelligence and slows down the flow of business immensely.
A firm foundation is built on a simple idea. A great example of this is one single-source financial and commerce management solution that can manage financials while seamlessly integrating with sales and order information. By weeding out the spreadsheets and managing operations as one, you can find strength in a number of areas including:
- Improved Customer Satisfaction: Automation of manual processes, workflows and added visibility allow Sales, Fulfillment and Customer Service to use their time wisely in meeting customer expectations and improving productivity.
- Time Savings: There's no more need to go through multiple data sources to extract important information. With one source of the truth accessed in the cloud, employees can locate their data at any time and from anywhere. Not only does this save valuable time, it helps employees put trust in the data they're pulling.
- Adaptability: Businesses grow, industries change. All the complexities around us demand a simple approach so that you can support changing business models and customer expectations. It’s not easy to uproot multiple systems every time a change takes place, but one system can adapt and scale to where you need it to go. Simple, yet true.
Our eBook, Growth gets complicated. Prepare to scale your business with cloud-based, single-source financial and commerce management, dives into even more ways that one solution can simplify business processes, strengthening other areas of your business along the way.