Let’s take a closer look at the recent Harvard Business Review paper, “Driving Professional Services Growth with Cloud ERP” to learn how to do more with less.
enables professional services firms, of all shapes and sizes, to standardize their data and eliminate the routine manual activities that slow them down., a digital product engineering company with offices in 33 different countries, the company was gearing up for growth and looking to launch new types of business. With their implementation of a cloud ERP system, Nagarro automated intracompany invoicing, saving 50% of previous time spent.
“Before, we had to print out a list of [overdue customer payments] and go into the system for each customer and make a new transaction to see the details. Today everything is on the database, so you can double-click, go down through each customer, and jump easily to the overdue invoices,” said Christian Haller, a member of the finance council at Nagarro.
Tracking of overdue customer payments, which was done manually, was transformed with centralized cloud access and led to a streamlined payment process and greater success of customer projects. Older financial systems are often fragmented, disjointed and dependent on manual intervention. And, they require dedicated, large IT teams to execute maintenance and updates. These challenges lead to delays, data errors, and a lack of visibility that make survival and growth a herculean effort.
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