Here are the Five Signs You Must Check on Investing Software Solutions for Business Growth
When do you know when it’s time to move on from the usual? In business, you will always recognize it when you hit the wall—stagnant growth, no process changes, and traditional operational processes dominating your workflow. Some leaders stick to what is working, but for forward-thinking companies, embracing digital transformation and technology upgrades in your business software integration is vital for scalability and competitiveness.
Invest or Not to Invest? When to Upgrade Your Business Software Solutions
Most companies face the critical decision of whether to invest in cost-effective software or continue using outdated systems that no longer scale with their growth. When your current enterprise resource planning (ERP) or cloud ERP solutions cannot handle rising business demands and manual tasks, it is time to evaluate investing in scalable business process automation and software upgrades.
When is The Best Time to Invest and Upgrade Your Business Software?
Timing is essential for a successful technology upgrade. Identifying the right moment to invest in the right software solutions for business—whether it’s workflow automation, SaaS business software, or digital business solutions—can determine competitive advantage. According to McKinsey’s Finding the speed to innovate report, speed and innovation are crucial in today’s market. Quick adoption of reliable and secure business growth software can drive your business forward efficiently.
Five Signs You Must Check Before Investing in Business Software Solutions
Business Is Growing: Scale with Scalable Business Software
One of the most exciting times when doing business is when it starts to grow. There are seasons where business growth is steady, controllable, and doesn’t need much change on its original processes. However, there will be a time —assuming business continuously growing—when your processes and software could no longer scale up to your business needs. At a small-medium enterprise level, jumping from one scale to another will force your business to adjust quickly. Let’s say you have a soap business. A modest amount of growth happens every year.
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The next year, it changed. You suddenly find your business turning from medium to enterprise level and ready to have your business take global and regional markets. Legacy technology couldn’t handle a sudden burst of orders, customer inquiries, and supply of demand for your business. Oracle NetSuite, for example, offers the #1 Cloud ERP that suits businesses that want visibility of their end-to-end processes, from accounting and business operations to customer management through CRM.
Apt Solution: Invest in Cost-effective and Relevant Technology
When researching apt solutions and software for your business needs, it is important to understand that not all trending, overly-hyped, and latest technologies should take precedence over what your business actually needs. This is important because, regardless of how advanced your technology is, if it’s apt solutions, your tech assets become liabilities instead. Sure is, the return on investment is slow and possibly stagnant. “Not every new technology will be right for your organization: There may be fundamental differences in business models or hidden issues with implementation. This can make deciding what tech should be integrated into your business difficult to get right,” Forbes Technology Council said.
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The key to having an apt solution? Have a reliable and trusted IT Solution Partner. IT Group, Inc. (ITG) has been the leading IT Solution Partner in the Philippines and ASEAN region. ITG is a business tech expert that offers business consulting, service delivery, certification, and training, plus subscriptions and licenses to help you and your business get the apt solution for your digital transformation journey.
Reference: https://www.forbes.com/councils/forbestechcouncil/2019/01/29/newer-isnt-always-better-nine-things-to-consider-before-embracing-new-tech/
Manual Tasks Are Draining Efficiency: Automate Workflow
Manual and repetitive tasks can be time-consuming and less efficient, especially when your business grows and you have many products and services to fulfill; this is one of the signs of investing in solutions and software that can automate and integrate your processes. Aside from Oracle NetSuite, ITG partnered with some of the world’s most renowned tech partners. Workato, ITG’s partner, is known for rallying over automation and integration. Workato’s the best features of the so-called recipe—an automated workflow that connects your apps with no code needed. It helps lessen manual tasks like approval or connecting with other apps or software like Oracle NetSuite.
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Like the #1 Cloud ERP, NetSuite offers automation, especially regarding its accounting processes. As everyone moves to digital processes–even government—NetSuite and ITG help change your manual accounting to modern and computerized accounting. Meanwhile, suppose you’re more of a company concerned with managing and securing data daily. In that case, EBD will help you automate your manual data collection and ensure you assist in master data management- monitoring, tuning, disaster recovery, high availability, and replication needs.
Focus on Cost-effectiveness, Security, and Compliance
So, another best time to invest or upgrade for your next digital venture is when you have a great deal of money and resources to implement the change. Key leaders look after three things: cost, security, and compliance. These three pillars are essential to consider when you are about to invest and upgrade your system. One. Does your current system cost you more yearly with its subscription and licenses? Does it ever drag the opex and capex of your business? Is the software you have been using for years can no longer adhere to mandatory compliance in your region? It may give your organization a weary feel and make you question how strong the security of your old system is.
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If yes, then a business meeting should be scheduled. Align with one goal: are we ready to invest and upgrade now? ITG has various solutions that match and fit your business needs regarding cost, security, and compliance. For IT management and cybersecurity, ManageEngine provides multiple IT services, such as Privileged Access Management, Identity Access Management, and Endpoint Security, to name a few. On the other hand, if you’re looking for IT infrastructure investment, Red Hat, the leading provider of enterprise open-source software solutions, can help your organization harvest and maximize the benefits of open-source technologies. Last but not least, Oracle Netsuite. For companies looking to invest in software that values compliance like tax, NetSuite is your go-to as it offers the #1 Cloud ERP solution.
Partner with the Right IT Solution Provider
IT Group, Inc. has been the leading IT Solution Partner in the Philippines and ASEAN Region, with regional offices located in the Philippines, Indonesia, Malaysia, and Singapore, helping 200+ clients across the ASEAN region on their digital transformation journey and has a solid portfolio of 250+ successful projects. ITG is an ISO 9001:2015 Certified company, the leading technology partner for system-wide innovative solutions that deliver seamless integrations and processes, from Business Management Solutions, IT Management, Integration & Automation, and Enterprise Data Management to IT Infrastructure.
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Let’s Venture Together: Co-Create Scalable and Innovative Business Software Solutions
For over 20 years, ITG has grown with its business partners, clients, and dear customers (new and existing). The power of having the right solution partner who can understand your business and goals is the most essential key sign to upgrade and invest properly. The key is to co-create and co-own an innovative approach and solution that is made out of venturing together. In this competitive market, ITG provides innovative solutions to help you achieve your business goals and excellent customer experience through digital transformation.
Let’s Venture Together today.