NetSuite vs Business Central: Comparing Chart of Accounts

Join us for the next instalment in our webinar series, where we will compare the strengths of both systems in managing the Chart of Accounts (COA) and what you need to start thinking about for your migration to a cloud-based ERP.

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Technology has changed the way the world does business. From how teams are managed, to the way we deal with data and interact with clients, IT systems allow us to operate with maximum efficiency and accuracy.

To put this straight, as your business starts to grow, the importance of investing in IT systems does too. Read on as we explore 5 reasons why.

1.    Gain a competitive edge over competition

This is possibly the biggest reason for investing in IT systems, as gaining an edge over your competition with technology is a fantastic way to scale your business. The sooner your business starts investing in an ERP, CRM, or whatever fits your requirements, the better. But why is this the case?

Gaining insights to actionable data, viewing live snapshots of your business performance, and just having more control over your business is not something you want to pass up on.

For example, an ERP solution could present useful data to help steer your sales and marketing strategies.

By using information provided by your IT systems, you are able to analyse and make data-driven decisions to ensure you are always one step ahead of your competition.

2.    Benefit from remote access

Given the current times with Covid-19, and working from home as perhaps the ‘new normal’, remote access is now more important than ever before. In fact, investing in IT systems that allow employees to work just as effectively on-the-go, or at home, is the key to an efficient and productive operation.

Through the use of a Cloud based and mobile ERP solution, employees can access important customer information, effectively manage day-to-day tasks, keep track of the sales pipeline, and lots, lots more from anywhere in the world.

3.    Enhance business agility

The ability to respond to changing business needs is vital for success, and technology plays a key role in this.

Cloud-based IT solutions built with mobility and artificial intelligence in mind will give you the platform needed to adapt and overcome any obstructions towards business success. From unified communications through to CRM systems and ERP’s, technology should not be overlooked.

4.    Boost employee morale

The level of technology and systems used within your business certainly affect the mood of your employees. Think about it - it is where your office-based workers spend most of their days. If systems are slow, dated, and hard to use, not only will they be less productive, but become frustrated overtime too.

Put simply, implementing new IT systems with improved functionality will re-light the fire across your workforce to help with improving both morale and productivity.

5.    Greater efficiency and productivity

This one is a no brainer really. Delivering efficiency and productivity is what IT, in general, was created to do – automate and improve manual processes.

As a business, you should be regularly measuring where you are, how you have progressed in recent years, and how this compares with your close competition. With these measurements, evaluating how new, or improvements to your existing IT systems could benefit your business is a must.

In most cases, you will find there is an advantage to be gained. So why not explore your options? Do some research, consult with an expert and discover how technology could improve the efficiency of your business.

At Nolan, we have spent the last 30 years helping businesses improve their IT systems. With specialist knowledge in ERP, CRM, and other software solutions, we have the ability to provide an optimal solution for both your current business requirements and future plans. Contact our expert team today by email sales@nolanbusinesssolutions.com, or by phone 01252 811 663; we would love to support your growth.

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