Call it the elephant-in-the-room, but many businesses are often hampered in doing business due to the heft of compliance and regulations attached to that latest bid proposal, or providing products to certain entities.
In the past, before powerful ERP software, a lack of transparency existed with information moving across many departments as well as along the supply chain.
Then, the use of legacy programs provided limited means of monitoring whether or not the business was using the latest updates from clients on regulations and compliance issues.
As an example, that heavy construction company building a new government facility will encounter specific guidelines affecting the hiring of workers and subs, or meeting green-building specs inside and outside the facility.
Business owners must toss aside their Rolodexes that have given them their ‘database’ of preferred vendors. Nor can they rely on Excel spreadsheets to give them accurate financials, which are often plagued with duplicate and inaccurate entries.
By using Microsoft Dynamics 365, owners can leverage their real-time data, thereby gaining quicker product launches. Moreover, stakeholders can pinpoint customer problems, or bottlenecks in the supply chain.
In the early years of ERP the software, the platform was used primarily for monitoring financials and logistics. But it’s scope has broaden with today’s offerings by providing data on “life-cycle management, customer relationship management and supplier relationship management.”
Businesses are always looking for ways to control expenses, as well as find more revenue opportunities. Contact us to learn more about Dynamics 365, and how it can be quickly implemented and deployed to meet your specific needs.
