Getting the right software and processes in your business can make or break your efficiency and overall business productivity. No business wants to miss out on easy wins – so here’s how you can get the most out of your systems and how the right systems can elevate your business to a new level.
Getting the right software and processes in your business can make or break your efficiency and overall business productivity. No business wants to miss out on easy wins – so here’s how you can get the most out of your systems and how the right systems can elevate your business to a new level.
When looking at your systems and processes from a zoomed-out perspective, you need to take stock of your current situation and the pros and cons of it. Sure, System A may offer real-time reporting, but it might not integrate with your operational systems. Establish where you are, and then consider the following:
What would you like to know about your business? Write out a bucket list of insights – the more abstract the better. Even if it seems unrealistic, you may find that it’s possible to gain the knowledge. In hospitality, for instance, we’ve helped businesses understand how promotional products are performing on any given day in any given region. This data can be compared based on layout changes and other tracked variables. The sky’s the limit. What seemed like an outlandish idea to the client quickly became a reality.
If a task can be automated, it probably should be. Did you know that in finance, human error represents 41% of all errors according to a BlackLine study? Minimising your data entry and manual data handling will eliminate this statistic in your business and will ensure that your reports reflect a clear and true representation of your current situation. It also frees up your staff to spend more time analysing the data – two birds with one stone!
With API integrations, you can make decisions that are data driven and informed with no skewing along the way. Slight human errors could compound and misrepresent performance, leading you astray. With the right systems you can make the best decisions possible for your business without worrying about human error.
Those are three key areas where modern finance systems can elevate your business – but really, its limitless. If you’re struggling to find the right systems for your business, we’d be more than happy to help. As a business, we pride ourselves on our systems expertise and will work closely with you to find the right systems. For more information, please get in touch via the live chat function, or email us directly at support@4pointzero.co.uk
