In today's cutthroat economic environment, where global business is transacted across multiple time zones on a punishing 24/7 basis, speed in decision-making is essential. Every second counts in assuring a company's performance lines up with strategic intent. Such is the price of success.
Organisations that can capitalise on real time performance to make timely decisions on how to seize market opportunities or circumvent emerging risks are best positioned to win in their respective marketplaces. To be able to knowledgeably push forward with current plans or divert course quickly - companies must make decisions faster than the punishing pace of business.
Many organisations have modernised their enterprise IT systems to access the information they need to make insightful, bold decisions. Others continue to be bogged down by legacy systems impeding their growth. Consequently, these companies are moving at a snail's pace while the velocity of the global economy is whirring.
Yesterday's IT systems provide limited visibility into performance across the enterprise. They further fail to scale with global growth and are slow to respond to changing market dynamics. As a recent study by The Hackett Group stated, many companies with legacy technology are "flying blind" - not the best way to run a modern business.
Talk to Topaz Solutions about a system which enables you to maximise the return on your resources and stay ahead of the competition – a true Enterprise Resource Planning (ERP) system - not just a bookkeeping system.