Top 3 Advantages of Integrating Business Systems
Do you have a few systems running in your organization to cover different business processes? If your organization is like most high-growth organizations, you might have various payrolls, customer support, and inventory management methods. You may also be utilizing a stand-alone small company accounting software.
However, when a rapidly growing business has siloed business applications, various difficulties may arise that could hamper your business’ development.
For example, suppose you run with disparate software applications. In that case, there is a chance you don’t have real-time visibility on the general performance of your business. Chances are, collecting information from your finance, marketing, and sales teams could be time-consuming, which holds you back from making smart business choices.
Integration permits you to utilize these ‘subsystems’ to their full potential while adding value to your business by uncovering possibilities that originate from interoperability between them. Let us take a look at them now.
1. Ramps up Process Efficiency
Depending on your organization and the nature of your business, you might rely on various systems for managing clients, inventory, invoices… the list goes on. Now, even if you have employed the best answers for each of these tasks, you stand to miss out on a lot if all your vital information is siloed. You probably already knew that, but you should also know that transferring data from one system to another manually is a time-consuming and labor-intensive process.
Systems integration gives you a centralized solution, where all your disparate solutions can communicate in harmony, and information movement and transformation are automated. This not only eliminates any processing delays but also helps you and your team focus on innovation and value-addition instead of manual data entry.
2. Makes it Easier to Ensure Data Security and Integrity
Most organizations handle sensitive customer data and are required by law to take actionable steps to guarantee its integrity. Having data spread across different platforms and tools makes this challenge significantly more complicated than it needs to be.
With a single centralized system in place, all your data comes from the exact location, and you can authorize safety measures in a more manageable and reliable way.
3. Improves Data Accuracy
We are not entirely through bashing manual data entry just yet. Copying and pasting can be an insanely mundane and tedious process. We would not blame you if you experience trouble focusing on doing the same thing repeatedly, but this will probably introduce errors and, consequently, losses. According to the Samanage State of Workplace Survey, US businesses waste about $1.8 trillion on repetitive employee tasks every year.
Automating data transfer between systems through integration not only helps mitigate any errors that may occur during transfer but can also highlight any inconsistencies or conflicts between source and destination datasets.
Systems Integration allows you to use best-of-breed solutions that you are most comfortable with while reaping the additional benefits from their union. You can streamline processes, collaborate effectively, and gain better experiences, in addition to driving performance and results in different areas of your business.