Why Choosing an Enterprise Management Cloud Solution Can Set SMB Organizations Up for Greater Long-Term Success
In a recent CEO Outlook Pulse survey, EY found that 47% of CEOs believe making the right technology investments is crucial for growth. For SMBs in particular, making the right technology investments is a fundamental building block for growth and can set organizations up for long-term success.
When evaluating new technology, organizations often look to solutions like Human Resources Information Systems (HRIS) or Financial Management Systems (FMS) that address specific business requirements. And while these can meet the required scope, the tools do not offer any additional competitive advantages or otherwise position organizations to achieve broader strategic goals.
This is where Enterprise Management Cloud (EMC) solutions come into play. These platforms often offer a strategic advantage for SMBs and have emerged as a significant tool in the modern business landscape, providing a robust, scalable, and flexible foundation.
What sets Enterprise Management Cloud solutions apart?
Enterprise Management Cloud solutions – such as Workday – offer a host of competitive advantages that go beyond the capabilities of traditional HR and Finance technology. They provide a comprehensive, integrated solution that not only streamlines business processes but also connects various business functions. This holistic approach paves the way for improved efficiency, informed decision-making, and enhanced scalability. Moreover, they are designed to evolve with your business, accommodating growth and changes without necessitating continuous system upgrades.
Born in the cloud, Enterprise Management Cloud solutions are inherently adaptable and easy to maintain, including the ability to leverage new features and security updates immediately quickly and easily.
Strategic advantages of Enterprise Management Cloud solutions for SMBs
Single Source of Truth and Real-Time Insights:
Enterprise Management Cloud systems integrate data from various departments into a single platform, providing a comprehensive view of the business. Using one of these solutions, company data is no longer locked in spreadsheets and emails from team to team. Instead, business leaders can surface insights with real-time data and analytics, allowing them to make informed decisions quickly and respond effectively to market changes and opportunities.
Automation and Accuracy:
Enterprise Management Cloud solutions automate and integrate core business processes, leading to dramatic efficiency gains across the organization and allowing employees to focus on strategic initiatives instead of manual tasks. Further, by reducing manual tasks, they also help increase data accuracy and reduce errors. Take reporting, for example. Organizations which once manually compiled spreadsheets from multiple sources and systems can leverage built-in reporting templates, so time once spent chasing departments for reports can now be used for thinking forward.
Improved Collaboration:
By providing a centralized database, Enterprise Management Cloud solutions enhance communication and collaboration among different departments and teams. This improved collaboration empowers stakeholders, supports data-driven decisions, and fosters better problem-solving across the organization.
Reduced costs and risks of maintaining third-party tools:
Enterprise Management Cloud solutions enable businesses to consolidate multiple third-party systems, saving money and reducing the effort required to maintain multiple tools. Furthermore, modern, cloud-based tools are updated regularly, ensuring that the business always has access to the latest features and security measures, reducing the financial, operational, and security risks associated with outdated systems
Regulatory Compliance:
Enterprise Management Cloud solutions help ensure that organizations can comply with industry regulations and standards by providing accurate and timely reporting. This is crucial for avoiding legal issues, maintaining a good reputation, and ultimately growing the business.
Scalability:
Enterprise Management Cloud solutions are designed to scale with the business, accommodating new processes, departments, and even geographical expansions without significant overhauls. Unlike a rigid, one-size-fits-all tool, these cloud-based offerings can be configured to suit an organization’s needs at every stage, which is particularly important for SMBs. In fact, Kainos even offers a unique methodology tailored specifically for small and emerging businesses. Kainos Spark&Grow helps SMBs get live in as few as four weeks and provides guided adoption and ongoing support to help businesses harness Workday’s industry-leading technology.
Modern User Experience and Employee Empowerment:
Today’s workforce expects modern, intuitive technology in the workplace. Enterprise Management Cloud solutions, with their user-friendly interfaces, improve employee satisfaction and productivity, helping to retain existing staff and attract new talent. Moreover, by automating routine tasks, ERP systems allow employees to focus on more strategic, value-added activities, which in turn improves the customer experience.
In essence, the strategic advantage of ERP systems lies in their scalability, flexibility, and their ability to support the growth and evolution of SMBs over time.
Want to learn more?
Kainos is Workday’s leading deployment partner, trusted for our experience leading digital transformations. We bring the immense power of Workday within reach for SMB organizations with a tailored, managed service approach. Click below to schedule a meeting with our team to learn more.