If your company is like most of the SMBs I talk to, you’re struggling with an IT infrastructure that cannot support growth. There are several symptoms of this disorder. The most telling may be that rather than focusing on strategy, your employees are attending to mundane processes.
For example, finance teams spend about half their time (49%) on transaction processing—regardless of company size. These teams typically find themselves in “spreadsheet hell,” trying to aggregate and analyze data from a variety of disconnected systems. Or they land in “SaaS purgatory,” using dozens of niche, single-use cloud services to handle critical processes.
What SMBs need is a comprehensive system built upon best business practices that supports data-driven, forward-looking, strategic decision-making. The Oracle Cloud connects people and processes across your company so you can easily see the big picture and spend more of your time and energy on growing your business.
If you haven’t considered Oracle Cloud for your SMB recently, here are 5 reasons to take a fresh look.
Whether your SMB is a startup or a mature player, it needs a solid foundation of standard processes to run smoothly and efficiently. While some of these processes may be unique to your company, most are a matter of routine. That doesn’t mean they’re unimportant. Far from it. They are likely critical and complex at the same time, and span your organization from one end to the other.
However, there is rarely a need to reinvent the wheel. No matter what the process, there is very likely someone else who has done it before you. These are the best practices that we build into the Oracle Cloud. They leverage the latest technologies— mobile, analytics, social, and the Internet of Things (IoT)—to drive these end-to-end business processes so you can focus on the things that really matter.
Data without insight is just numbers. And software that simply reports past performance isn’t much help to a forward-looking organization. Your business must gather data from disparate sources in real time to uncover trends that reveal potential risks and opportunities.
Oracle Cloud compiles this data in real time. It also allows you and your team to leverage Oracle’s experience and knowledge to make data-driven, strategic decisions. This rich data stream can be augmented even further with third-party or partner data, social media, and the IoT. As processes become more streamlined and automated, your team spends less time processing transactions and becomes more efficient.
Best practices are not static. They continue to evolve. With finances, human resources, and other systems in the cloud, this evolution takes place without the need to re-customize software or upgrade on-premises hardware.
Oracle Cloud innovates continually, enabling SMBs to adopt flexible business processes that grow with them. As your company’s needs evolve, you can add new components that work out of the box with the rest of the solution, sharing data and user interfaces. What’s more, Oracle’s Platform as a Service (PaaS) enables you to easily build integrations to third-party software and build your own desktop and mobile applications.
The best technology connects people, processes, and information, unhindered by traditional functional silos. Your financial system must communicate with HR, customer experience, and supply chain. Your sales software should connect to your order management software, which connects to accounts receivable, which in turn connects to the general ledger.
Ad-hoc, cross-organizational teams can collaborate with real-time, in-app social messaging and co-authoring—whether they’re located on different floors or different continents. And Oracle Cloud connects to legacy systems and third-party software to ease the transition to the cloud, speed deployment, and expand functionality.
Businesses that rely on multiple cloud solutions risk compromising valuable customer information and intellectual property. Every new connection to single-purpose cloud from unproven vendors is a potential vulnerability, while multiple logins make it difficult to assure compliance with your organization’s security protocols. Even on-premises solutions are vulnerable when security patches aren’t applied on a consistent basis.
At Oracle, security is in our DNA. It is built into every layer of the data stack, from the chip set through data transfer, and updates occur without requiring your IT team’s intervention. Moreover, a single-vendor solution means centralized, streamlined access control, ensuring people inside and outside the organization can access the information they need, and nothing more.
If your SMB is wasting valuable time and resources on mundane processes to position itself for growth, then you need an end-to-end cloud to do the heavy lifting—and free your business to look toward the future. I invite you to take a fresh look at Oracle Cloud and learn how it can help drive your SMB’s business growth.