Guide to what to look for in a business management system that generates growth

Bursting with new software solutions, guaranteed to revolutionise processes, the IT marketplace is crowded. Should businesses move to the cloud now? Would a change mean legacy system data is lost, and what if in-house developed software is essential to business operations? It’s becoming increasingly difficult for complex digital technology businesses to choose the right option or options and then have confidence in the level of support that will be given by the system provider or implementation partner.

A single management architecture, when implemented successfully, can revolutionise business workflow and generate considerable growth. We know – we’ve delivered for tech, FinTech and other service industries. So, if you’re finding the research process a challenge, read our guide on what to look for and we hope it will help clarify the priorities for your business.

What is an Enterprise Resource Planning System?

Simply speaking, ERP solutions are systems by which a business can manage all – yes all – its key functions and processes. Furthermore, architects of these systems, like ourselves, who plan and build the solution, get under the skin of the business first so that the structure meets the needs, wants and strategic future goals of the firm. Automation is a key feature of a well-designed system, as it delivers efficiencies that allow companies to better utilise their internal resources.

Why should those in the digital tech sector opt for an ERP system?

In a nutshell, businesses will save time, resource and budget by moving to a single back-office system. Users can manage all departments using one single system, organise tasks, manage projects, use it for customer relationship management, monitor sales, process orders and create invoices. Most importantly for those tech firms that are focused on growth, 360 degree reporting will mean they have a foundation that offers a truthful picture; any strategy must be created using reliable data if it is to be successful.

What to look for in a system?

Technology companies should look towards a cloud option, and we’re yet to speak to a company in this sector who aren’t 100% behind online tools, or Software as a Service (SaaS). Cloud ERP solutions mean firms never run old software versions, updates are instantaneous leaving no down time and on-premise server costs are eliminated. Cloud also equals ‘always compliant’ and the levels of security are so high, it will reduce a huge variety of online vulnerabilities meaning the safety of all business data is guaranteed.

Return on investment is paramount in any decision to adopt new software. The solution chosen of course comes at a price so it needs to generate growth through facilitation and functionality. One customer priority that we focus on time and again is for the solution to wash its face as quickly as possible; intelligent workflows, programmed reporting, automation of financial tasks and integration with other pieces of software are therefore our specialities. Other factors that are equally as important include:

  • Real-time metrics
  • Flexibility to deep-dive financial information through reporting capabilities
  • Supports rapid growth through scalability – from incorporating new territories to changing business models
  • Ability to manage transactions in worldwide currencies and crypto-currencies
  • Consolidated financial statements with multi-jurisdiction tax localisation
  • Full audit trails on all client and supplier interactions, including real-time currency fluctuations
  • Globally recognised compliance standards i.e. IFRS, SOX, GAAP
  • Integrates with customer support and services such as CRM, eCommerce, Live Chat and Call Centres

Why Oracle NetSuite OneWorld?

With so many Enterprise Resource Management (ERP) systems to choose from, what makes NetSuite’s cloud solution the market leader for technology companies and why do solution providers like BrightBridge speak so highly of its capabilities? The answer is testament to its ability to aid business growth. NetSuite effectively saves resources and improves efficiencies, which inevitably aids growth. Businesses have complete peace of mind that their IT infrastructure is secure, stable and in safe hands – leaving their teams to concentrate on the day-to-day and dedicate time to growing their assets.

From small tech businesses to midsize or enterprise, NetSuite caters for every size of business. Evolving alongside it and creating tangible, measurable benefits. NetSuite enables commercial evolution with a flexible, scalable platform built to adapt to every business environment. Additionally, with the support of BrightBridge’s partner Jitterbit, NetSuite becomes compatible with any software. Jitterbit’s API Integration as a Service (IaaS) enables fast and easy assimilation of data without the need for code. By implementing Oracle NetSuite, we provide digital tech businesses with a smart, future-proofed infinitely flexible infrastructure, primed for and aiding growth – read about how we helped financial tech firm, OpenPayd.

Oracle NetSuite is redefining the tech landscape. Dynamic and forward-thinking, it addresses the challenges facing tech companies and provides a critical foundation for success. Technology companies need flexibility, visibility and agility – NetSuite delivers all three and allows tech businesses to focus on innovating products or services rather than day to day processes, hardware maintenance and security. With NetSuite’s support, tech businesses can access metrics anytime and view real-time data insights to help forecast, predict changes and respond to a fast-evolving marketplace. Contact us to discuss how we can help your business operate more effectively utilising an ERP system.