The procure-to-pay (P2P) process—which encompasses everything from identifying procurement needs to making final payments to suppliers—has become a crucial factor for success in the manufacturing and distribution industries.
In today’s rapidly changing business environment, manufacturers and distributors face increasing pressure to optimize business processes, reduce costs and respond quickly to market changes. As competition increases and customer demands rise, companies need to innovate to streamline workflows and boost efficiency. More and more, they’re turning to cloud-based Enterprise Resource Planning software (ERP) to address these challenges.
Thanks to technological advances in the industry, the global smart meters market is expected to grow from $20.7 billion in 2020 to $28.6 billion by 2025, a compound annual growth rate of 6.7 percent. For companies at the forefront, it’s a chance to gain ground and boost revenue.
Years ago, cloud computing wasn’t yet available to smaller companies, or the cost was exorbitant to explore. However, today the Cloud is open, ready and affordable for companies of all sizes and across all industries. Companies can take advantage of the Cloud’s numerous benefits in productivity, security, budget, efficiency and more.
As we help our clients through their selection processes for an integrated ERP system, one of the first things we do is work to get a solid understanding of how their business operates on a day-to-day basis.
Pacific Plumbing Supply is a 71-year-old, family-owned and operated company, with 14 branch locations and 200 employees. “We weren’t looking to spend the kind of money it would take to implement a modern ERP solution,” Stafford continued, “but we understood that the ROI is in new capabilities and new tools we can use to operate more efficiently.”