A recent whitepaper from NetSuite focused on the challenges for mid-market companies that want to transform their businesses to compete in the modern era by moving away from legacy systems that don’t talk to one another to a truly integrated suite of apps.
“Digital transformation is a key strategic objective for organizations of all sizes…however, the midmarket—those firms with up to 1,000 employees—shouldn’t allow its larger competitors to own this area as the numerous benefits of transforming a business for the modern era are every bit as applicable to midsized firms,” state the authors.
The question, whether for large firms or smaller, growing companies, is where to begin—and how to make the business case for change.
NetSuite, in its whitepaper, outlines the top business drivers for business transformation—and none of them are surprising:
Companies that have invested in a cloud-based ERP like NetSuite have, in fact, taken their first step on a journey towards greater agility, flexibility and competitiveness.
Taking the next step: from Cloud ERP to Business Digitization
But when it comes to achieving the objectives and realizing the benefits outlined in their recent publication, NetSuite customers need to extend their suite of integrated applications to include components that can tackle the most inefficient, error-prone steps in their business processes. Often, these steps involved converting unstructured data (emails, business documents, etc.) into structured data that can be organized, managed and accessed within ERP systems like NetSuite.
That is where business digitization platforms like docAlpha from Artsyl Technologies, comes into play. Integrated with leading ERP, ECM and CRM systems, docAlpha provides a critical link between business systems, processes, data and documents.
Business digitization platforms like docAlpha take scanned paper or native digital documents and files and “read” them for relevant and actionable information, transforming unstructured content into information. Today, this process is typically manual—and it is the GREATEST source of inefficiency and error in most business processes.
By automating tasks like document handling and data entry, companies not only boost efficiency—they achieve more timely access to relevant data, leading to greater process transparency and more opportunities to improve and optimize operations.
And that’s just the beginning. Because, with the right data and the right business rules I hand, business digitization applications can automate processes like accounts payable invoice processing, sales order processing, medical claims processing, and practically ANY business process involving data, documents and decisions.
Register for our docAlpha for NetSuite Webinar to Learn More
Join Artsyl Technologies on July 13 at 11 a.m. Pacific/2 p.m. Eastern to learn more about how to get MORE out of your NetSuite enterprise resource planning (ERP) investment to truly transform your operations through business digitization.
You’ll learn about how easy it is to cost-effectively eliminate manual data entry, document filing and approval routing by relying on docAlpha’s intelligent capture and process workflow capabilities.