1 min read
Auto-Generated Financial Ratios and Reporting with Your ERP System
Auto-Generated Financial Ratios and Reporting Your business lives and dies by its financial ratios. They’re the tools you – and others – use to...
Modern and robust Enterprise Resource Planning (ERP) solutions provide growing businesses with integration between accounting, sales, the warehouse and more. It reaches beyond the basics of processing orders, managing inventory, paying bills and invoicing customers. An integrated cloud ERP platform takes the basic ERP functionality a step further. with the ability to quickly and effectively generate reports, measure key performance indicators and view your company data in dashboard information to help you assess the business in a meaningful way
Most ERP systems will provide you with about 80% of your requirements. However, most companies have unique things they’d like to track. That’s where that other 20% comes into play. For example, a company may want to track certain aspects of an item on a sales order – color size, style, weight, etc. They may have unique processes where they have approval steps or different itemizations where tasks are created or emails sent out. You need a platform that allows you to configure your system to your needs.
Imagine being able to add unlimited fields to any screen and then lay out the screen in a way that allows easy entry into the system. Or perhaps you want to create your own table structure to collect information and associate that information with normal ERP configuration records.
In the past, when you wanted to configure something tailored to your business and its systems, you had to hire someone to do it. You explained what you wanted. Then you waited for someone to write the code and build a database. Next, they’d try to integrate it
That scenario is a thing of the past. Now, with a robust ERP system, any power user you designate can add a field, move fields around on a form, write a
Add fields and tables, modify screens and workflows – all within the software itself. A robust ERP system is about clicking to get what you want – not coding. It’s about simplicity, flexibility and being able to configure exactly what works for your business.
Do you still need more evidence that a flexible platform is a perfect solution? Consider this: when you hire a developer to code what you need, you’re then locked into that solution. They “customize” your out-of-the-box purchase, but every 18 months or so, the manufacturer tells you to update your software. But it won’t work with the “solution” your developer created for you. So you don’t upgrade because you can’t afford to break the custom coding. You are now locked into continuing to use the old version you paid for and can’t upgrade. This happens all the time and suddenly companies are running software versions that are 5, 10 or even 15 years old with no path to get current. They just patch and limp along, supplementing with spreadsheets and manual effort – the very things you’re trying to avoid.
The good news is you don’t have to be stuck in version lock. A robust ERP system allows you to do all of the configuration you want. Then, through modern cloud technology, you will automatically receive twice a year upgrades that work seamlessly with all custom configurations. Imagine always running the most up-to-date version of your ERP, and it
Sound too good to be true? It’s not. A robust modern cloud-based ERP solution can provide your business with these options.
There is so much data about your business for you to harness and use to your advantage. Contact goVirtualOffice to learn more about how you and your company can benefit from a robust, integrated ERP system. As NetSuite consultants, our team at
Contact us or email or call 888-773-2123 today!
Focusing on NetSuite since 2005, our team is one of the top NetSuite companies in the world. How is this possible? We focus on you! Contact us or email or call 888-773-2123 today and we’ll help you see if NetSuite is the right solution for some or all of your business needs.
NetSuite is an integrated cloud-based Enterprise Resource Planning (ERP) platform that enables organizations to grow and unify their departments. Its built-in flexibility, real-time business intelligence,
Another version was previously published on goVirtualOffice’s Blog by Dirk Shimpach on March 28, 2017 - It’s more than just “Accounting Software.” It’s about the “Platform.”
1 min read
Auto-Generated Financial Ratios and Reporting Your business lives and dies by its financial ratios. They’re the tools you – and others – use to...
The success of any good implementation does not rely on just good software. As ERP consultants who have implemented hundreds of cloud ERP solutions,...
1 min read
Cloud ERP Software is a Growing Trend for Growing Businesses in 2015 0ne business trends that emerged in 2014 proves there are major effects for how...