The top 4 benefits of an integrated ERP system
Today, many companies are struggling to keep up with their growth and manage costs effectively because of disconnected functional systems causing process bottlenecks and employee productivity issues. Integrated business software is transforming how companies run, and is enabling them to surpass growing pains that previously held them back from taking their business to the next level.
To ensure your business grows at the rates you plan for, it is vital to make sure your business software applications are integrated. The advantages include:
Process Efficiency Across Your Organisation: Automating daily processes such as order management, fulfilment, invoicing, cash collection, expense approvals, and financial consolidation enables you to avoid hiring new staff to manage these processes, and instead use these staff for higher-value activities to help your business innovate and grow.
Dramatically Improved Visibility: With an integrated system, data can be accessed anywhere, without wasting resources extracting and consolidating data. An integrated system gives employees real time visibility to make faster and more informed decisions.
Fast-tracked growth: With an integrated software system, expansion to multiple locations and additional sales channels can be accomplished a lot faster because of unified order and accounting management processes and data. Companies can also up sell and cross-sell more efficiently to their existing customer base because of the improved visibility they obtain.
Significant Time and Cost Savings: No longer having to procure, install, and maintain multiple systems as well as the various integrations between them, means a significant reduction in operational costs can be realised.
AnnexaConnect provide comprehensive integration solutions tailored to the needs of many industries and business use cases. Utilising Annexa’s agile methodology we deliver our integration projects to connect and modernise our clients systems and applications.
Join us at the festival of Retail ideas!
We are excited to be a sponsor at Inside Retail LIVE, Sydney from 29th – 31st March.
The event brings together the brightest minds and biggest talents in the retail industry. Inside Retail Live is about generating new ideas, partnerships and friendships as we boldly face and embrace an uncertain future with technology at its core.
The three days are jam-packed with exciting ideas, brilliant speakers and the latest technologies. There are key note addresses from some of the world’s top retailers, roundtables led by industry pioneers and entertainment galore.
Annexa have some exciting things happening at the event including:
Visit us at stand 112
Come and chat to us at our stand and experience the AnnexaConnect integration between NetSuite and Vend. Having a seamless integration between your ERP system and POS system means it’s easy and fast to run the world’s best retail.
Join us at our round table discussion
An exclusive with Annexa client T2 tea; find out how the leading tea retailers continue to drive global growth and innovation through moving to NetSuite’s cloud ERP. Have your questions answered by Patrick Showyin – Global Director (Supply Chain),T2 Tea and Matthew Owens, Solution Lead, Annexa.
Topic: How to grow your business through innovation with ERP.
Experience the future at our Visual Reality showcase
Annexa’s client and innovation partner REA Group have kindly agreed to showcase some of their latest technology in the VR space.
For more information or to register for the event click here:
We hope to see you there!
Annexa showcase ‘SmartPay’ at NAB’s Hackathon!
At Annexa we are constantly looking for ways to embrace innovation to create further efficiencies and tools for our clients and to bring new and improved services to the market.
We recently participated in a ‘Hackathon’ hosted by NAB Bank. The two-day intensive program allowed teams the opportunity to develop exciting new ideas within a specific problem space and pitch the ideas to a panel of judges. Mentors with entrepreneurship, business, and technology experience were at the hackathon to push and challenge teams and their ideas
The problem space Annexa faced was ‘how might NAB help customers move to easier, faster, richer payments’. We came up with ‘Smart Pay’, a solution to unify your bank account with your ERP system, and in our case this was NetSuite.
‘Smart Pay’ is an Australian first. It gives users live bank feeds and direct payments integration between bank accounts and NetSuite, allowing you to do your banking within NetSuite. You are able to pay suppliers and automatically reconcile bank accounts within NetSuite with no uploads or downloads of bank files.
‘Smart Pay’ solves the disconnection issue between accounting and banking systems. It eliminates the labour intensive task of manual reconciliation & transaction matching, providing real time visibility of cash flow.
We are now looking towards ‘Smart Pay’s’ future with plans to automate vendor payments, customer reconciliation and employee payments.
To stay up to date with Annexa’s innovations and collaborations follow @AnnexaPtyLtd on Twitter or LinkedIn.
Annexa participate in partner REA Group’s ‘Hack Day’
At Annexa, collaboration and innovation is at the heart of our business, so we were excited to be involved in our strategic partner REA Group’s quarterly hack event known as REAio!
A core component of REA’s Inventorship Program, REAio (formerly known as ‘Hack Day’) is all about moving concepts into working, usable inventions. REAio provides an open collaborative forum in which REA Group staff & expert industry partners can get together to explore and experiment with new, exciting technologies. After two and a half days of developing ideas, teams get together to showcase their work to the business with the aim of fostering a normalised culture of creative ideation and invention.
Annexa partnered with REA’s finance team, along with Microsoft’s technical specialists. The concept was simple, to provide customers with a great experience when managing their account.
After some brain storming, ‘FinnBot’, the friendly automated customer service bot was born. FinnBot allows REA customers to ask any question within a chat box and FinnBot both understands the question and provides helpful feedback.
The team utilised Microsoft’s new Artificial Intelligence tools connected with REA Groups cloud ERP platform NetSuite.
FinnBot’s responses to the first few questions were far from helpful, but after loading the bot with more and more questions and applying machine learning, FinnBot began to understand the user’s intents. From here, the team were able to start returning relevant live information from NetSuite back to the customers.
At the showcase event, FinnBot received questions such as “whats my account balance?”, “can you send me a receipt?”, “i’m missing my statement, can you please send me the latest?” and the bot was able to respond with the relevant information.
The creative team also injected a bit of humour. One customer asked “can you tell me a joke?” in which FinnBot replied with, “I’m a robot, I don’t understand humour – try siri”.
Hack Day was a great chance for Annexa, REA Group and Microsoft’s talented people to work together, and fuse their passion and creative ideas into new innovations.
Annexa Christmas Party!
Thank you to everyone that attended our Christmas Party on Thursday. It was great to take a moment to reflect & celebrate what has been an amazing year with our Annexa family – our fantastic staff, partners and customers.
Thank you to our suppliers for the evening:
- Alumbra (Atlantic Group)
- Mill & Bakery (Atlantic Group)
- Bianco Latte
- Lewis Pidutti Music
- Cleverdeer Photography
View all the pictures from the night here: