With business processes getting more sophisticated, organisations extensively require diverse software solutions for their functioning. IT enterprise solutions are innovations encompassing portfolio management that help to reduce human error in the business process and ensure a smooth workflow.
With accurate IT portfolio management, you can improve workflow visibility, enhance productivity and ultimately lead to a boost in revenue.
What Are The Various Categories of IT Enterprise Solutions?
Enterprises and organisations are not just limited to specific operations. The proper functioning of any enterprise requires various software solutions. IT Enterprise solutions involve different software solutions to address the diverse needs of a company.
Enterprise Resource Planning (ERP)
ERP software is a tool that involves centralised management of numerous processes related to accounting, inventory, supply chain and workflows automation. ERP tools help in effective IT service portfolio management.
Features of ERP include-
- Financial management
- E-commerce
- Supply chain management
- Distribution and shipping
- Inventory management
- Customer relationship management
Customer Relationship Management (CRM)
With CRM tools, you can gather leads, support existing customers and enhance customer retention.
Features of CRM tools-
- Client Database management
- Marketing and campaign management
- Client interaction tracking
- Contact management
- Lead management
- Sales automation
Accounting Software
Accounting software solutions help you to streamline all your financial processes. It helps in gathering and maintaining a centralised database for finances across all departments and projects.
Features of accounting software include-
- Tax reporting
- Accounts payable
- Fixed assets
- General ledger
- Accounts receivable
- Payroll
- Project accounting
- Budgeting
- Billing
Business Intelligence Solutions
With business intelligence solutions, you can develop actionable solutions quickly. Functions of BI tools include-
- Data analytics
- Document management
- Data visualisation
- Decision services
- Big data integration
- Online analytical processing (OLAP)
Also Read: Does Your Company Need IT Portfolio Management?
Product Lifecycle Management (PLM)
It offers a centralised solution through which employees can view designs and make changes. All the updates are then reflected throughout the entirety of the life cycle.
You can utilise the following features of PLM-
- Document management
- Project management
- Configuration management
- IT Portfolio management
- BOM management
- CAD file management
- Regulatory compliance
- Component management
Supply Chain Management (SCM)
Supply chain management helps to facilitate and monitor the production process from when an order is received until its delivery or deployment. SCM tools can control the following operations-
- Warehouse management
- Supply chain planning
- Supplier management
- Supply chain monitoring
- Supply chain analytics
- Order processing
- Transportation/logistics management
- Sourcing and procurement
- Inventory management
Benefits of IT Enterprise Solutions
- Increases the productivity of your team through automation and real-time data visualisation.
- Development of actionable insights through KPI mapping using graphs, charts, etc.
- Enhance customer retention through a streamlined process, efficient problem resolution and quick TAT.
- Helps to boost revenue
- Reduces the chance of manual error through facilitation automation in every business process.
Should You Adopt IT Enterprise Solutions?
Consider a few factors while deciding whether it’s time for your organisation to implement a new IT software solution.
Some components to keep in mind are your operational expenditure, the number of users to benefit from the software implementation, and the functionality you need from your solution.
If you’ve adequate capital to invest in a new solution and can justify implementing the IT software program, then IT enterprise solutions software is an excellent investment to make.
