While each business is complex and different in their methods and approach to operations, there are numerous signs suggesting that an organization might want to consider upgrading from the manual input and transportation of data to a system that enables the integration and consolidation of data in a standard format. There are no hard and fast guidelines for defining whether a company should upgrade their system with an SPS Commerce solution, the businesses who seem to benefit the most from a consolidated approach to data management are generally those who are up against the following productivity obstacles:
Obtaining Data Is Laborious
If a supplier or business partner asked about your sales margins or made an inquiry regarding another aspect of your business metrics, consider how long it would take you to gather this information. When businesses do not have a consolidated system managing their data and information, it can take a long time and require an immense amount of effort to access basic information about your business.
Businesses who depend on a variety of systems often use manual data entry and collection, including paper-based file systems, which make it all the more difficult and messy to find information in an efficient and timely manner. This can be especially damaging during the times when your business experiences a surge of orders, requiring staff to speed up their daily tasks and transactions.
It’s during moments like these when staff needs access to the information required to make the best decisions as quickly as possible. With an SPS commerce solution, executives and managers can access an abundance of top-level information and business archives, while general employees can access the information they need to ensure their aspect of the operation runs as smoothly as possible.
Accounting Processes Eat Away at Time
A significant indicator of a business needing an electronic software solution for data management can usually be found in the accounting department. If your accounting team still uses manual methods of filing paper-sourced reports, they are likely taking many hours of valuable work time entering this information on company platforms and continually updating it.
Take a moment to consider how much valuable work time is being used to accomplish tasks that an SPS system could complete in a minutes. A similar idea applies to financial reporting. If it takes an extensive amount of time to record and consolidate financial documents and spreadsheets, an SPS solution system might be a great way to make sure employees aren’t wasting precious time on assignments that can be handled swiftly with the use of a proper software system.
When all financial data is properly incorporated electronically into a single system, your accounting staff is freed to pursue data analytics and other high-level operations to produce meaningful, accurate reports that support management decision making. When questions are asked about the company’s financials, the answers are immediately available.
SPS Commerce software helps companies optimize their data transmission system with the convenience of a thoroughly consolidated and integrated platform. Get SPS Commerce integration solution implemented on your Magento site today.