The financial services industry has historically found itself rife with regulatory reform, compliance and accountability pressures. Today, the ramifications of a shifting geopolitical landscape, the prevailing fiscal uncertainty and demands to digitise simply exacerbate the complexities of the challenges on the table and trading floor.
The answer lies in technology and, more specifically, sophisticated, end-to-end ERP (Enterprise Resource Planning) that comes charged with an arsenal of game-changing features to ensure those in the financial services sector are well placed to meet any dramas head on and remain competitive, profitable and a shining light for every client.
Here are three good reasons to put ERP centre stage in your business strategy:
You’ll inspire loyalty from your clients
Implementing a full-throttle ERP programme, such as Microsoft Dynamics NAV or Dynamics 365 Business Central is as much about delivering value to your business as it is to your customers at every touchpoint.
ERP does it by giving you a 360-degree view of your clients and their journeys, which you can exploit by tracking interactions and insights and planning sales actions that will protect and grow their profits.
More than that, connecting smarter with your clients, offering an exceptional service and nurturing their sales lifecycles will inspire loyalty and work wonders for your retention stats in the process.
Your data will give you a crystal-clear picture of your performance
With a sophisticated ERP platform, data is collected from every area of your operation and stored in a single location to present you with a comprehensive, real-time view of your business.
You’ll eliminate data silos and a multitude of data entry errors and duplications and save time consolidating data, boosting your all-new operational integrity even further.
All this meaningful always-on, always-ready data will give you a crystal-clear picture of your performance and a wealth of actionable insights and business analytics to help you forecast, monitor, model and respond to change with ease.
Your processes will be streamlined, simplified and automated
ERP automates and simplifies everything. The right ERP will integrate, automate, optimise and manage processes from every area of your operations, from your accounting and human resources to your project management and reporting departments, saving time and operating costs and enhancing business performance.
Forward-thinking ERP also unifies everyone – ensuring teams can collaborate and plan more decisively using accurate, single-source data and perform smarter with agile workflow cycles and improved productivity that’s so critical to profitability and growth.
ERP brings other far-reaching benefits to the financial services sector too. You’ll be respected for embracing a new era of transparency, accountability and complete fiscal control.
You’ll enjoy the consistent assurance of compliance with regulations and reform as your processes become automated and harmonised to the point of ubiquity.
Moreover, with Dynamics NAV and Dynamics 365 Business Central, you’ll be investing in a solution with a low TCO and an impressive return on investment – and it’ll be sufficiently flexible to adapt to change as you evolve and grow too.
So, if you want to remain competitive in an unpredictable market and ensure your clientele remains king, talk to an ERP implementation consultant with a proven track record of deploying world-class ERP products within financial services environments.
TVision is a Microsoft Gold Partner and one of the largest and most learned Microsoft ERP platform partners in the UK. Contact us to see how we can help you remain competitive, profitable and operating at peak performance in the years ahead.