In the business world, growing companies face a number of challenges that require skill, agility and, increasingly, a solid technology strategy.
With a team of 500 to 5,000 employees, these companies are at the inflection point, looking for ways to increase revenue, improve efficiency, and expand their presence in new markets. However, achieving these goals is no simple task.
The big challenge is to ensure data accuracy, timeliness, and compliance, meeting various regulatory requirements, while automating manual processes to reduce costs and drive profitability.
No wonder, the search for robust data management systems, capable of ensuring the continuous monitoring of the financial health of companies, in an increasingly dynamic and unstable scenario, is growing at a rapid pace.
Best-in-Class Companies: Best Practices Ensure Success
Growing companies leading their industry are 44% more likely to deliver financial reports on time and 41% more likely to have those reports 100% accurate. The data is from Aberdeen Strategy & Research
The results of the survey corroborate a widespread movement towards the search for accurate financial information that serves as a basis for decision-making with a strategic eye.
Technology plays a crucial role in this scenario. The need for accurate and complete data is essential for smart planning and effective forecasting. But as many organizations know, managing and utilizing this data efficiently can be a challenging task.
Research by Aberdeen Strategy & Research revealed that growing companies are increasingly investing in ERP (Enterprise Resource Planning), recognising its importance in meeting the challenges of the ever-changing market.
With 253 companies participating, the study highlighted the relevance of these technology solutions in driving growth and operational efficiency.
Challenges beyond technology
Investing in technology is not enough on its own. It is crucial to understand how these solutions can be applied effectively to address the specific challenges of growing businesses.
Disruptions to financial workflows can be detrimental, directly impacting an organization’s ability to maintain its priorities in business improvement plans, such as operational efficiency, compliance, and data management.
In this context, the role of technology goes beyond simply providing tools; It should empower businesses to predict and avoid disruptions, keeping them on track for success.
That’s why it’s essential to analyze how growing businesses are utilizing their ERP solutions, as well as understand the challenges they face when implementing and managing these technologies.
Grow with SAP: Optimizing Data for Growing Companies
The Grow with SAP solution is a strategic ally for growing companies. It extracts maximum value from enterprise data, powering efficiency and control.
Imagine having a single, consolidated view of all departments. This is the reality provided by Grow with SAP. Different sources of information are integrated, enabling advanced analytics and complete reporting. Based on these insights, decision-making becomes smarter and more assertive.
The solution automates repetitive tasks, freeing up staff for strategic activities. Manual and time-consuming processes become agile, reducing errors and optimizing the operation as a whole.
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SAP Cloud Security: Why Is SAP Cloud So Secure?
Scalability and agility are ensured by cloud architecture. This allows businesses to adapt quickly to market changes while always meeting their ever-evolving needs.
Security and compliance are also top priorities. Grow with SAP protects sensitive data with robust features, complying with current standards and regulations.
Not in the cloud yet? Count on Origen Tech!
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With more than ten years of experience and hundreds of customers served, Origen Tech is your best partner when it comes to driving efficiency and reducing costs with the best of SAP technology.
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