This is the second post in our five-part series “Five Tips to Boost Your Company’s Financial Health,” which is focused on the importance of using a proven financial management system to better run a business. In part one of this series, we discussed how the right tools and information improves everyone’s performance. Today, we’ll look at how you can make data work to make the most of your money.
Put Your Data to Work.
Everyone is making a big deal of Big Data. But what does all the hype mean for those that manage the finances of small- and mid-sized businesses? The amount of information companies generate is growing at an immeasurable pace. And it’s too easy to let the volume of data bog you down instead of using it to manage your business and finances more effectively. The good news? Sensible ways to put your data to work are well within reach.
A business solution from Microsoft – such as Microsoft Dynamics GP – has simple, powerful financial management and reporting tools to help you look forward as well as use your data to determine the impact changes will have on your business. From evaluating relatively simple variables like cutting costs or increasing capacity, to looking at more complex strategies – like acquisitions, entering new markets or diversifying your product line – Microsoft Dynamics ERP lets you run what-if scenarios and get a confident look at how your total cost structure and bottom line will be affected.
With Microsoft Dynamics GP, you can get a good look at your future based on your data. And with projections you can trust, decisions become easier and you become a lot more confident.
Watch how AAA Washington partners with The Resource Group to help integrate their disparate business systems, and come back for our upcoming blog post and see how we can make managing cash much easier.