In the last several years, organizational leaders in the distribution sector have fully bought into the data collection and performance monitoring revolution. However, simply selecting and tracking key performance indicators is not enough. If distributors hope to get the most out of all this data, they must find a way to present it in a digestible format.
Distributors that are interested in enhancing their metric management processes should look to industry leaders. Tier one distributors have abandoned error-laden approaches such as spreadsheet-based analysis. Instead, these trailblazers have adopted robust, cloud-based distribution ERP software.
ERP Software: The Secret to Improved Metrics Management
By implementing an innovative ERP software solution such as Acumatica, distributors can significantly enhance metrics management. This ERP software is a truly holistic solution that incorporates modern business intelligence tools, data analysis capabilities, reporting features, and much more.
ERP software like Acumatica provides distributors with the perfect mechanism for relaying performance data to stakeholders and key decision-makers.
The platform offers customizable dashboards, can generate easy-to-digest reports, and yields invaluable business insights. Perhaps most importantly, Acumatica ERP software can seamlessly integrate with other tools, applications, and technologies.
What Tools Do Modern ERP Software Solutions Include?
The best ERP software solutions like Acumatica include a full array of powerful tools and capabilities, including the following:
Data Collection
Accurate data collection processes will lay the foundation for analytics processes.
Acumatica ERP software facilitates this by allowing distributors to automate data collection processes. The software can import data from various external applications in order to increase overall organizational transparency and generate relevant analytics reports.
In addition to harvesting data from various platforms, the ERP software can capture information from scanned documents using optical character recognition (OCR) technology. This technology will further enhance the accuracy and completeness of data sets, which will yield higher quality analytics reports.
Artificial Intelligence
Artificial intelligence tools can be used to increase the efficiency of various mission-critical processes.
Examples of processes that can be improved with AI include bank reconciliation, accounts receivable, and accounts payable. AI technologies will reduce data entry errors as well, which will improve the efficacy of metrics management protocols.
Report Generation
Acumatica ERP software remedies common report generation pain points. The technology includes hundreds of inquiry and report templates that can be used to share important metric data with stakeholders. These stakeholders can leverage the report data to guide decision-making and improve business performance in measurable ways.
Notifications System
Cloud-based ERP software like Acumatica includes a comprehensive notifications workflow. This workflow can send out automated alerts to warehouse personnel, customers, and vendors.
The notification system can streamline communication across an entire organization, which will pave the way for better productivity and higher profitability.
Business Intelligence Analytics
The best ERP software solutions can integrate directly with business intelligence analytics solutions such as Microsoft Power BI. This integration will improve data extraction capabilities, facilitate data aggregation, and provide decision-makers with a more complete understanding of the state of the organization.
Customizable Dashboards
Many legacy solutions have rigid, non-customizable dashboards. As a result, it can be difficult for analytics professionals to prioritize data that is most relevant to their organization.
Conversely, modern, cloud-based ERP software provides data professionals with a fully customizable dashboard. They can tailor each dashboard based on organizational needs and obtain updates on business-critical performance data by glancing at their customized interface.
Customizable dashboards can help organizations detect concerning trends more effectively. They can then leverage this information to adjust on the fly and improve business performance.
Get the Full eBook: Distribution Metrics That Really Matter
While most distributors use metrics like the above to drive daily decisions, improve quality, and guide operational excellence, many have yet to harness metrics to transform their organizations
Our eBook, Distribution Metrics That Really Matter, explains the importance of tracking key performance indicators, diverse metric types, and common mistakes made by wholesale distribution executives.
Download now to discover the most important metrics to monitor for continuous improvement and align goals for actionable metrics to transform your entire organization.
Facilitate a Seamless Delivery Process with Cloud 9 ERP Solutions
An ERP software platform like Acumatica can significantly enhance your metrics management capabilities. However, you need an experienced Acumatica partner in order to assist you with configuration and delivery. Cloud 9 ERP Solutions is that partner.
At Cloud 9 ERP Solutions, we are not your average ERP deployment partner. We are a Gold Certified Acumatica Partner that has been recognized for our expertise, experience, and commitment to our clients.
We have worked with numerous clients in the distribution sector and know exactly how to help you get the most out of your ERP software investment. Request a free demo and see why Acumatica is widely considered to be the most dynamic ERP software on the market.
Additional Distribution Resources
12 Distribution Metrics You Should Be Tracking
How Distributors Can Simplify Item Management
Top KPIs Every Distribution Company Should Be Tracking
