From fragmented Excel sheets to outdated business management software, many businesses use multiple platforms to operate, making it difficult to see a holistic picture and more likely to take poor business decisions.

As the years pass, this problem can grow, leading to reduced productivity and missed growth opportunities.

Massimo Avellino, chief officer for consultancy services at Smart Technologies Ltd said that most local companies are currently using between three to five different platforms to run their business operations.

“This inevitably leads to laborious manual processes and the peril of making decisions based on incorrect data. The need for a fully integrated system has never been more critical,” said Mr Avellino, a veteran in business management systems.

The cost of outdated systems

Mr Avellino said that recent statistics reveal that 70 per cent of businesses using conventional Enterprise Resources Planning solutions struggle with data integration across various departments.

Additionally, companies relying on outdated systems experience a 41 per cent increase in time spent on manual data entry, resulting in a 23 per cent decrease in overall productivity.

NetSuite is the leading cloud ERP solution

A data business administrator and developer, Mr Avellino has been working with Oracle and their suite of business administration services to support their clients locally for the past 30 years.

“NetSuite is trusted by the most sensitive industries like banking and finance, but has also revolutionised the way startups, small, and medium-sized businesses operate,” he said.

“This means you can have best-in-class technology irrespective of the size and scope of your business,” Mr Avellino added.

What are the key advantages?

The difference between NetSuite Cloud ERP and traditional on-premise solutions is significant.

Where old ERPs create data silos and inefficiencies, NetSuite offers a cohesive, real-time overview of business activities.

Key advantages include:

· Real-time data access: NetSuite provides instant access to data, enabling faster and more accurate decision-making, unlike batch-processing reliant on-premise solutions.

· Reduced IT Costs: With NetSuite’s cloud-based system, businesses can significantly cut down on the expenses and personnel needed for IT infrastructure maintenance.

· Scalability: NetSuite is designed to grow with your business, offering flexibility that is often lacking in conventional systems.

· Enhanced security: Offering advanced, continuously updated security measures, NetSuite outperforms the often outdated security of on-premise solutions.

Overcoming the fear of transition

Businesses can fear making the change from their traditional systems to new solutions.

However, Mr Avellino insists Smart Technologies Limited excels in managing this transition, making it smooth and pain-free.

“While the shift to a new system can seem daunting, the greater risk lies in sticking with an outdated system,” Avellino adds.

“At Smart Technologies, we specialise in facilitating this transition to be as smooth and straightforward as possible.”

‘Don’t ignore the problem’

If your business is constrained by the limitations of an old ERP system, it’s time to explore a more advanced, cohesive solution.

Oracle NetSuite, endorsed by experts like Massimo Avellino, represents the next step in business efficiency.

Reach out to Smart Technologies for a complimentary consultation and embark on the journey to a more streamlined, data-driven future. Don’t let outdated technology hinder your business’s potential.

Central Bank finds annual growth in business activity to be lower than average

February 29, 2024
by BN Writer

Price expectations rose among retailers and in the construction sector

Mazzit may get special certification as a typically Maltese product

February 29, 2024
by Robert Fenech

The MCCAA has launched a public consultation about the mazzit’s Protected Geographical Indication rating

Byron Camilleri takes over employment portfolio amidst Sofia inquiry fallout

February 29, 2024
by Anthea Cachia

‘The decision was primarily taken to strengthen the coordination between Government entities’