How To Move Your Business To The Next Level With An Integrated Cloud ERP

By Kaloyan Dimitrov, Founder of Coriti.com

An ERP system has numerous benefits to today’s businesses whether operating in-store or online retail channels. If chosen and implemented properly, it can help streamline business processes, help save on cost and improve customer service.

Things actually get better if the ERP system is integrated with a cloud service. An integrated cloud ERP is cheaper to implement and maintain, secure and flexible to scale as your operational tasks grow. Here are some of the ways you can move your business to the next level with an integrated cloud ERP.

Use an Integrated Cloud ERP to Manage Information Effectively

One of the challenges retail businesses battle with each day is managing the complex web of data related to different products. It becomes hard to monitor the inventory and supply chains effectively if one has to manage and track such complex data manually. An integrated cloud ERP system comes in handy to store, organize and process this information to enable smooth flow of transactions.

With a cloud ERP system, it is easy to capture new information and update the system when changes happen, then share with relevant users. Such information is also accessible from anywhere at any time using regular devices such as Smartphone. This saves you time, improves process flow and minimizes customer grievances.

Automate Core Retail Business Processes

In the past, businesses wasted a lot of time and human resources following up on aspects such as orders placed to make sure they are fulfilled, payments, information sharing and others. This system can perform processes such as procure-to-pay, lead-to-cash, and order-to-fulfillment automatically.

For instance, if you are using Coriti to run an online store, this ERP system connects to the online store to post products, update details such as quantities, process orders and label them as shipped. Furthermore, it sends notification emails to clients with a relevant tracking id. With such a system, you can connect your business with leading online platforms such as Amazon and eBay to increase your client base. The best part is that these tasks are performed from a central point even if you have numerous online stores.

Get a Clear View of the State of Your Business At Any Time

For most retail businesses, assessing the progress of their enterprise calls for a lot of work. There have to be people correlating different documents such as invoices, receipts, and others to come up with a balance sheet or a trading, profit and loss account – records that can give an idea of the financial status of the enterprise. This is not only hectic but also does not give a comprehensive view of every aspect of the business.

With a cloud ERP solution, you can track your data in real-time and see how your finance, marketing, service, sales and order fulfillment departments are performing. You want to know the number of orders received in a day, how much you’ve dispatched, or any unpaid expenses? All this information is available for you with a click of a button. Use it to make decisions that can drive your business to the next level.

Enhance Customer Service

Poor management of customer information not only slows down processes but also can cause serious client relationship issues. In worst cases, the problems can cripple a business’s reputation should unhappy customers come out to the public with their concerns. If you use an integrated cloud ERP system, you improve chances of having the right information to your customers to facilitate their buying decisions. You can provide accurate details of available inventory, quantity and so forth. You will always have their order details secure so as to make sure you do not miss a delivery date.

Conclusion

Looking at the above functions, the value of an integrated cloud ERP to today’s businesses is indisputable. Besides, businesses can customize these tools to match their needs and pay based on the services they are using. Also, integration of an ERP tool with a cloud service makes it more scalable should a business expand its functions. Eliminate some common hindrances to business growth with such systems and see your enterprise move to the next level.

Article written by Kaloyan Dimitrov, the founder of Coriti.com –-offering cloud-based ERP, BPM, and CRM solutions. If you are interested in their services, they can set up a Free Demo for you.