The unpredictable times today necessitate businesses to stay flexible in the face of unexpected threats. Building organisational resilience is critical for companies to prevent disruptions or minimise its effects.
To anticipate, adapt, and respond to such unfavourable conditions, businesses must ingrain a specific set of values along with the right kind of technological integration. Technology integration brings day-to-day operational workflows close, which in turn helps organisations become resilient.
But how do you integrate technology and harmonise workflows? An Integrated Business Management System (IBMS) is the answer to this question and more.
By integrating applications, you get a unified version of all business tools, processes, and data, ensuring everyone in the organisation remains informed to make key decisions. Let’s explore in detail how an IBMS works and how it enables businesses to stay resilient to short- or long-term disruptions.
What is an IBMS?
An IBMS is a collection of web and mobile apps that manage the interdependent parts of your business. It’s a single system or a “business suite” that allows the business apps to share the same database. These integrated apps transform data into structured information that serves as a “single source of truth” for all the departments.
This enables your teams to make data-driven decisions confidently. Moreover, since an IBMS keeps all the processes closely intertwined, it also becomes easier to monitor and control each process as and when needed.
How an IBMS Helps in Organisational Resilience
In the digital era, an IBMS is tremendously helpful in keeping various processes aligned. It helps build resilience to ensure business continuity in the event of disruptions. All organisations need a deeper understanding of the operations across every business function and department. An IBMS gives business leaders a complete view of the organisation’s overall operations.
The integrated system helps you manage the core seven components of any business, i.e., People, Assets, Finance, Time, Collaboration, Information, and Governance, or PAFTCIG for short. Let’s find out how IBMS manages these components by leveraging a central information repository.
People
IBMS manages people, both within the organisation and external prospects, through integrated mobile and web-based applications. Whether it be HR management, salary distribution, performance appraisals, or vendor relations, the dedicated app for managing people empowers the HR department with the necessary insights.
The app equips the team with the right tools to help you shape a responsive workforce ready to react to crises efficiently.
Assets
Integrating business information makes it possible to track and list all tangible and intangible assets. It becomes easy to supervise and control maintenance planning, inventory, or facility management through data centralization. A dedicated asset management application provides valuable insights into how the assets perform, maintenance requirements, and capital expenditure.
With real-time information about the entire value chain, stakeholders can establish strategic priorities to reduce risk, deliver performance consistently, and develop resilience against short- or long-term disruptions.
Finance
A finance-related IBMS application enables seamless collaboration with other departmental applications, allowing businesses to run costing, budgeting, and analytics processes with centralized, thoughtful, and reliable data.
For more read please follow the link - Continusys
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During the past two decades, ecommerce has grown by leaps and bounds.
Today, millions of people shop online, and many prefer to do so rather than go to brick and mortar places to buy the goods they want.
Everywhere, business owners are looking for the fastest way to get involved and start selling their own products online.
Shopping cart softwareShopping cart software is a type of software that enables customers to shop on a website, create a list of products they want to purchase by adding them to the cart.
The customer can view the online shopping cart to see which products have been added, and may choose to add more products or delete them.When the customer has completed their purchases, the shopping cart software provides a secure means of paying for the products in a virtual payment.
Best shopping cart software for your businessTo choose the right shopping cart software for your business, compare your requirements to the features offered by the cart software.
