Let’s say you’re the CEO of a multi-national steel company running a global operation on four continents. You need well-integrated information systems which quickly provide the data you need to make good business decisions. Enterprise Resource Planning (ERP) software integrates business activities to improve all areas of your business, including product planning, purchasing and inventory control, distribution, and order tracking. ERP has grown from coordinating manufacturing processes to combine more back office processes and advanced business intelligence functions. Used in nearly every industry, ERP software enables different business functions to work more closely together and be more efficient, which can save both time and money for companies large or small.
Your financial services organization is buying another company to increase product and service offerings. As you move forward in an uncertain environment, the upheaval caused by integrating with another organization can significantly challenge the way both conduct business. Every merger and acquisition multiplies the IT infrastructure that must be managed and maintained to support the new organization. The total data management responsibility is enormous. Without an effective enterprise data management strategy and early IT involvement, the merger or acquisition may be doomed to fail. But there’s a bright side: change is a strategic point in the business cycle to take advantage of marketplace opportunities and excellent time to look at ways to optimize across the enterprise.
There are many factors paramount to system integration success but two are at the forefront: the technology must align to business objectives and, when all is said and done, subsystems must function together. Improvements in processes can increase productivity, reduce costs, and create new markets for a business. A well-integrated system can enable real-time decision making and maximize returns from existing IT investments.
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