01 Jun 2022
The way we work has changed dramatically over the last 2 years, as the pandemic has pushed the need for businesses to embrace new business models. However, several businesses continue to lag in their digital transformation journeys. This results in considerable unrealised potentials for sales growth, increased business efficiencies, and numerous other benefits. In this article, we will discuss 4 signals that your company need a digital transformation to keep up with the race.
Low Efficiency
Lack of productivity and efficiency is a common problem in many workplaces. Businesses should work to identify areas that they need to streamline and optimise on a regular basis. When adopting new technologies such as ERP solutions, a business will be organised and automated, so that employees can focus on higher-value tasks. It also enables them to be more agile in planning and reacting to various workplace situations. Hence, firms will not be bogged down by routine tasks anymore since they can be completed in half the time thanks to digitalisation.
Increasing Operational Expenses
Every business wants to maximise profits while minimising costs. By utilising digital tools, companies can save time and money, as technology allows them to cut down unnecessary processes and costs from paperwork.
For instance, ERP software eliminates the need for separate systems in each department. The system helps to fully integrate all systems into a hub. Therefore, it saves money on data re-entry and the recurring costs of software licenses, updates, and training.
Cloud storage helps centralise all company information and documents, making them instantly accessible to the rest of the company. This enables team members to make better decisions in less time while also lowering storage hardware maintenance costs. Furthermore, this promotes a more collaborative work culture among team members.
Losing Customers’ Interest
There would be times when your team did put in a lot of time, effort, and money to scale your business but still received disappointing results. The reason is that you are not giving your customers what they want. Remember that customer experience is one of the most important things, and so, you need to optimise your customers’ journeys.
Thankfully, digital transformation can help you deal with it. Collecting and saving all customers’ data in an integrated system with Customer Relationship Management module can help you have a deeper understanding of them. With these insights, your company can provide business benefits tailored to your customers’ needs. As a result, you can provide solutions that your competitors cannot, allowing you to lead the pack.
Outdated Security System
Security is one of the most important issues that every company must address. One of the most concerning problems in an age when new technologies are released on a daily basis is ensuring that cyberattacks can not hijack your confidential data.
A firewall in a cloud-based ERP system will provide a layer of protection around assets by blocking malicious web traffic. Furthermore, an ERP solution can back up data automatically. If a disaster occurs, complete and immediate recovery is possible. ERP vendors will constantly review, test, and update software to ensure resiliency and address weaknesses.
Conclusion
If you can relate to any of the above factors and are ready to begin your digital transformation journey, then consider adopting the Synergix ERP solution! Synergix Technologies has over 32 years of experience and has assisted hundreds of businesses in their digitalisation journey. Synergix ERP System will meet your needs by providing a customisable and fully integrated solution. There are several grants introduced by the Singapore government for businesses to tap on and receive up to 70% of the qualifying costs.
If you have any further questions, please contact us right away!
