10 Ideas Seamless data flow due to integration of systems – when software systems are consolidated into a single solution, business processes are interconnected with data that is reliable and consistent. Data is timely and easily accessible so businesses are able to take on more transactions than with previous systems. Reduction of staff or re-utilization of existing resources – businesses find that increased productivity and elimination of the need for manual or duplicate data entry enables them to reduce staff, reshuffle employees to other needed positions, or to hire fewer additional staff to support growth. Improved sales and repeat sales – with dependable, streamlined business processes, businesses can process more transactions. Additionally, repeat business increases as customers realize the distributor is dependable. Finally, there are some customers who require unique reporting, notification, and reconciling procedures from their distributors. Improved sales due to better stocking – some companies are able to remove products that do not sell well and replace them with goods that sell faster. With new visibility into their inventory, businesses can track and reduce slow-moving products, enabling them to increase sales. Reductions in inventory costs due to more accurate purchasing – when companies have an accurate view of current stock and forecasted demand, they can purchase only what they need when they need it. The resulting increase in inventory turns means less cash is tied up in inventory at a given time. The benefit to the company is equivalent to the cost of capital of that cash. Reduction in outsourced IT – without scalable business process software, companies have often lost critical data or experienced crashes as systems attempt to keep pace with business transactions. These companies usually end up hiring expensive IT experts to help them recover data. The aimINSIGHT software solutions help businesses avoid these costs. Reduced receivables – another benefit of an integrated, automated business information solution like aimINSIGHT software, is that invoices can be processed faster. With accounting personnel freed from wrestling with the system, they can stay up on outstanding receivables and make timely collection calls, all of which act to reduce the number of days outstanding for receivables. The benefit to the company is the increased interest on the cash as it comes in sooner. Decreases in returns and waste – for some companies, returned goods equal waste or scrap. Increased accuracy of customer orders due to the integration of business processes from aimINSIGHT software, can reduce the number of returns (i.e. waste) from incorrect order fulfillment. |
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