The typical misconception many businesses believe is that they can survive and thrive with just a basic accounting solution. It keeps many organizations in the services industry from implementing a complete ERP solution. In fact, some of them spend much of their time pointing out the deficiencies of processes and technology to their clients while they ignore their own.
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In a study conducted by Mint Jutras, 70% of survey participants in service industries claim to be either close to being “digitally prepared” or already there. While 55% – 74% of companies still rely on spreadsheets or paper and manual efforts in planning and managing activities crucial to service businesses.
Resource planning for the service industries comes with different challenges – driving expansion with profitability, managing intense competition, and macro challenges specific to the people and project-centric services sector. While professional services move up the value chain, companies need to predict and analyze requirements in real-time.
ERP for Service Industries Cut Costs and Build Revenue
To increase cost optimization and new revenue generation, your professional services company will need to take the next step to become a truly global company and retain a local focus. Your Service Industry ERP software needs to be specific to the needs of the service industry at large and at the same time differentiate itself with unique value-added propositions that help in successful retention of customers and quicker turn-around time in servicing their needs.
Service Industry ERP offers ready-to-go capabilities for a range of service organizations, including consultancies, accountants, law firms, architecture practices, engineering and construction businesses, real estate companies, etc. In an industry with as many demands as this, Oracle NetSuite’s solutions for service providers can help your company save time and money while making better informed, faster decisions. This is why countless service companies are switching to NetSuite as they grow.
Quitting Quickbooks
Is your current accounting system hindering opportunities for growth or causing headaches in your day-to-day operations? Take a few minutes to see if any of the following questions apply to you and your business:
- Are you facing challenges around having more products and complexity in inventory, more employees, more sales channels and/or more customers?
- Have you found an increasing need to rely on Excel or 3rd party applications to manage your inventory and financial data?
- Do you feel that as you add on 3rd party applications, there is a decrease in business visibility?
- Have there been any recent changes in your organizational structure?
- Have you had auditability concerns arise due to insufficient internal controls?
- Do you have a need to optimize inventory and improve customer experience?
If you’ve answered “Yes” to any of these questions, your organization might be on the verge of outgrowing your existing operational and accounting software. As the first cloud ERP platform, NetSuite helps more than 27,000 customers gain the visibility, control, and agility to build and run successful companies.
Work with a Trusted NetSuite Partner
When you use NetSuite’s Service Industry ERP, you can improve efficiency, take control of finances, and better adapt to changing customer needs. Streamline your business processes and free up the time and resources needed to accelerate growth, drive innovation, and remain competitive. When your systems are operating smoothly, you’ll have the confidence you need to grow your business and continue to elevate your customer’s satisfaction. Learn more about Udexx’s work as a Gold-Certified NetSuite implementation partner, or contact us today for a free consultation about upgrading your ERP/CRM solutions.
