Enterprise Business Solutions

6 Problems Faced By Enterprise Businesses

Main Drivers For Technology Investment In Enterprise Businesses

Evidence shows that companies that are internationally competitive achieve better performance and growth, and economies that have an internationally competitive environment attract more investment and talent.

Increasing enterprise productivity is vital to growing a company's international competitiveness and achieving sustainable growth. The key drivers of productivity growth that encourage enterprises to invest in IT are:

  1. Innovation: Software systems make it easy, cost effective and quick to design, proto type and innovate core “products” of any company which is the main source of income.
  2. Administration: Regulatory needs , company governance, financial information to ensure compliance.
  3. Operations: Automate Business Processes to capture vital data and enable workflow to gain business knowledge that could result in new opportunities
  4. Relationship: Give the power back to customers, vendors and employees to fulfill their needs through self service.
  5. Productivity: Better Resource Management/ Improve productivity /Reduce time to complete a task/Schedule Management. Getting things done quickly and efficiently with less error is the main motto of implementing any system.
  6. Management: Understand the business at ground from the top; track, control and respond to incidents instantly with an eye on software dashboard
  7. Intelligence: Harness the power of huge digital information captured in every walk of life in the business and get different perspectives and understand business opportunities and issues and better at it
  8. Communication: Build easy and effective communication channel to keep track of commitments.
  9. Agility: Make quick and well thought out “educated” decisions to respond to changing business needs.

How can LuitBiz help Enterprise Businesses?

LuitBiz Business applications suite integrates both internal and external information flows used by an enterprise within a single, comprehensive solution. The system incorporates the practical processes used by enterprises to manage the basic commercial functions of their business. The objective of LuitBiz is to drive the flow of information between all internal business functions while managing connections, or "touch points," to outside stakeholders.

LuitBiz uses a common database to hold information from the various modules that is accessible in some form or another by various users. The use of an integrated database to manage LuitBiz's multi-module application framework within a common information system is one of the primary benefits of LuitBiz over "point solutions."

Unlike point solutions that rely on multiple (sometimes duplicating) databases which strain IT resources, LuitBiz standardize the use of one application to run an entire business. This not only increases efficiencies, but also decreases the overall total cost of ownership (TCO), thereby reducing operational costs and improving the company's profitability.

The benefits of implementing LuitBiz by an Enterprise are:

  1. Tighter controls for compliance declaration using the document management and business process management modules of LuitBiz.
  2. A single data source for product and services information - such as information related to suppliers, vendors, customer orders and the products themselves - drive rapid product development and launch cycles which increases an enterprise's overall market share.
  3. Increased access to valuable corporate data delivers a clear, global view of the enterprise that drives continuous improvement strategies and establishes common performance metrics and measures to gauge the health of the business.
  4. Effectively managing projects holistically fosters decision making at critical levels in the development and/or manufacturing process.
  5. Support for streamlined sourcing and procurement processes drive alignment to customer demands, and also deliver a centralized buying model to reduce unauthorized and unnecessary expenses.
  6. Providing sales and operations planning with access to critical information fosters "closed loop" processes that ensures the enterprise does not overpromise and/or under deliver to customers.
  7. Automating business processes within one system improves forecasting accuracy and reduces inefficiencies, improves service levels and increases customer retention.