Manufacturing businesses face complex challenges that require tailored solutions. Epicor manufacturing ERP software stands out by offering features designed to meet the unique needs of the manufacturing sector. In this blog, we will explore the standout features of Epicor Kinetic ERP and how they benefit manufacturers.
Trends in Information Management
Published Jun 29, 2015
3 Trends That Will Impact Information Management in Business
Nearly half of business finance officials say poor internal data impacts their decision-making and that they instead rely on “gut feel”, according to a recently released survey.
Business software company Epicor, which commissioned the poll of more than 1,500 finance professionals in 11 countries, said relying on instinct — rather than empirical evidence — can subsequently lead to delays, errors and lower profits.
Trend 1:
- The survey’s executive summary largely blamed the problem on inadequate information technology systems. Sixty percent of respondents relied on Excel spreadsheets to interpret data despite the wide array of available business software systems and applications.
Trend 2:
- Epicor also said finance professionals in the manufacturing and engineering sector were the most likely to employ basic or outdated IT systems.
Trend 3:
- Lack of access to company data and distrust in data quality making it difficult to measure and manage business performance.
This information was taken from the article Infographic: Survey Shows Many CFOs Lack Access To Company Data by Andy Szal, Digital Reporter.
Rely on your gut no more! We are confident our Data Analytics and Reporting solutions with have you confidently analysing data and making informed business decisions. Contact us to chat to our data analytics experts.
Related Articles
Can Epicor Kinetic ERP Adapt to the Evolving Needs of my Business?
Every business experiences growth and change, and it’s important that the tools you use can adapt to these shifts. One of the most versatile solutions available is Epicor Kinetic ERP, designed to support businesses as they evolve.
Precise Wins Epicor Award 2023
Formally announced at the 2024 Epicor Momentum International Partner Conference, Epicor’s International Partner of the Year Award 2023 has been awarded to Precise Business Solutions for their unwavering commitment to Epicor’s mission in delivering best-in-class Cloud ERP solutions.
Precise Wins Epicor Award 2022
Precise Recognised...
Is Aged Care QFR Taxing?
The deadline for aged care organisations to submit their first Quarterly Financial Report is fast approaching, and, if your organisation has chosen to manually collect the required information from multiple departments and meet the stringent reporting and record keeping obligations, you potentially have as many as 4 weeks of work ahead of you. There is however, a silver lining. You will also be collecting a swathe of information that will help you build a business case for investing in business improvement measures, or an ERP system.
Navigate Aged Care Reform With ERP
The aged care provider industry is experiencing a raft of changes across five distinct pillars – home care, residential aged care services and sustainability, residential aged care quality and safety, workforce, and governance. The reforms have the potential to be disruptive to your business, which may be disastrous in an increasingly competitive environment. Reviewing and upgrading your business management (ERP solution) may be the answer.