Software systems are becoming more powerful, integrated and intuitive. Even so, most manufacturers of machinery continue to use Excel for day-to-day accounting. But why stick with software that’s getting left behind in the age of connectivity?
Challenge #3: Order costing and profitability
If you haven’t integrated the shop floor with the rest of your business, you may find you lack visibility into the progress of orders. Can you instantly see if you’re meeting delivery commitments? Where any bottlenecks are slowing things down? What about the actual number of hours you spend on an order?
The source of the matter
That kind of instant insight requires data to be entered at source. The ability to send orders to the shop floor in realtime, with reports on budgets and progress coming back, again in realtime. But how does Excel measure up?
Excel: the pros
Well, Excel allows you to display data in a highly visual way. Pie charts, graphs and clustered columns can all highlight key data at a glance. It transforms those endless lines of numbers into information you can act on – ideal when it comes to making strategic decisions. And Excel also makes it straightforward to register hours spent on any given job.
Excel: the cons
The trouble is, Excel lacks realtime insight into timing, budgets and bottlenecks. That lack of visibility makes it rather difficult to respond to problems, fine-tune processes or optimize profitability. And while it’s easy enough to register hours, you can’t do it online from anywhere.
Discover a better way
So what if there was a better way of controlling your business? One that brought you the best of both worlds. The Excel-style spreadsheet functionality you’re so familiar with. Yet with all the power of an centralized software system that integrates processes and feeds them into a single place. Sounds good?
Download your QuickGuide for the answers
Check out our new QuickGuide to read more about the 5 cost pricing challenges Excel poses to manufacturers of machinery – and the 5 ways to overcome them.