Thanks for following along with our series “Top Reasons to Invest in Microsoft Dynamics AX and Merit Solutions” blog series. We’re now up to reason three exploring how a business transformation with Merit Solutions delivers more than just ERP. If you are just joining or perhaps missed our previous two posts - here are links to the first two reasons: It’s More Than Just ERP and Helps You Work Better, Faster, and Smarter.
This week’s reason is that Microsoft Dynamics AX looks forward, not backward.
Is your business software hindering your ability to make sound business decisions? Is it limiting your potential for growth? In today’s competitive environment, you need more than a backward-looking system of record to be successful.
However, many executives we talk to are unable to view business critical data in real-time. Instead, they have a mixture of disparate business systems - for financial management, CRM, shop floor, etc... I'm guessing this quote from Roger Mills, Executive Vice President of Finance for Trading Technologies International, Inc., will sound familiar to many: “It became apparent that our old IT platform did not have the functional capability, scalability, or data visibility we needed to maintain aggressive, profitable growth for the company. We were dealing with multiple systems that were not integrated across global entities. Many processes were being done in spreadsheets, including corporate consolidation. And we lacked the ability to perform robust analytics and reporting on real-time data, which slowed down corporate decision making.”
The problem with this approach is that it takes quite a bit of time (up to a month!) for information to make it from one system to another, hindering their ability to react and make informed business decisions. And by the time decisions are made, the chances are it’s already too late!
Microsoft Dynamics AX can address those challenges. It gives you a solution that’s proactive and predictive, with built-in workflows that guide your employees forward through their work. It also provides your people with powerful embedded business intelligence tools that help transform data into insight. With those tools at their fingertips, your teams not only can solve problems, but they also can prevent them from occurring in the first place.
As an example, Microsoft Dynamics AX, combined with the powerful features of Microsoft Excel, can transform transactional data into predictive reports. These reports include shopping cart analysis that helps your people identify future cross-sell and up-sell opportunities as well as recommend items that are the most profitable for your business. And drill-down capabilities provide deeper visibility into transactions and more detailed audit trails.
Microsoft Dynamics AX gives you higher confidence that the right people are making the right decisions to grow your business.
Just listen to Roger now: "More accurate reporting and more immediate analysis is now possible through the business intelligence cube functionality that exists within Dynamics AX. The cube reporting capability allows us to view various details on the business in real time. The Dynamics AX dimension capabilities then allow us to slice and view the data from various perspectives. This enables us to make more informed decisions."
See their full story: Trading Technologies' Microsoft Dynamics AX Case Study