Businesses need focused managed services to gain from financial software

Around 30% of businesses think that their financial systems are failing to meet their business objectives.

The statistic comes from a new survey commissioned by the National Computing Centre’s Evaluation Centre. The research found that 43% said that their financial systems did not change internal business processes. 38% of respondents said that the system does not complement the way the business aims to operate, and 29% said that their system was too complex to be of much use. Many were also looking to reduce costs in the current climate, especially if their financial systems were not meeting targets.

Finding the right system for the organisation, providing support to users, at the same time as reducing costs, sounds like an impossible task. Inatech, however, has demonstrated in a number of cases how this can be done. The migration of Dubai Bank’s technology, moving Oracle Human Resource Management System from Windows to Linux, is a case in point in terms of making a smooth run into newer, more efficient technology. At the same time as relocating OHRMS, Dubai Bank’s Oracle E-Business Suite was upgraded from 11i to R12. CIO of Dubai Bank, Faizal Eledath, said that Inatech’s consultative approach and support capabilities made the smooth transition possible.

Smooth transitioning aside, the system must work as well as it can for the organisation in question. Harvest Foods Egypt, a food distribution company, was in need of a system that would help it reduce delivery times and be more responsive to the patterns of supply and demand, which in turn creates more efficiency and more sales. Inatech was appointed to implement Oracle E-Business Suite R12.0.5, and did so with success. This time, the system allowed Harvest Foods to simplify and optimise supply chain and manufacturing processes, meaning that not only did the software work well with the business’ methods; it actually improved them.

Having a system that makes trading easier is all very well, but finally, it must be usable by staff. Here, Inatech has proved again that this can be achieved. When Inatech implemented Great Plains 10 for Al Alamia for Beverages, Egypt, the result was a far more streamlined and simplified set of processes in inventory management and materials requirement planning. The result was more financial efficiency and better customer satisfaction, with the added bonus of reliable support from Inatech for staff becoming accustomed to the new system.

Financial systems need not be complicated, at odds with company objectives or a waste of money. All of this can be avoided by choosing the right partner to help find the best system for the business.