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Although the pandemic has forced us to change our habits a little and adapt to the new working conditions, it has not stopped us from working at all and we are constantly coming up with improvements and good news for our customers. The latest version of SocrateCloud ERP includes many new features, which create the premises for improved business management. We have also prepared an interesting functionality for those who carry out funded projects and we have made all the necessary legislative updates.

In addition to the news from SocrateCloud, we also launched 2 mobile applications, we developed new functionalities for the WMS system, we brought optimizations in the area of ​​notification management in the CRM system. We detail all these aspects below.

Easily manage customer requirements and increase service quality

The companies that offer services vary greatly depending on the field in which they operate, the size and the services they offer to customers. Despite all these differences, they are similar in terms of business model, all their activity focusing on projects, resources and customers. Three very important aspects, but not at all easy to manage.

Business models are changing under the impact of new technologies, as well as other factors (economic, political, etc.). At the same time, companies have their own development strategies that involve innovation, market differentiation, higher profitability, attracting and retaining talent or social responsibility projects.

What does transformation mean? In essence, it is about more efficient processes, more dynamic and flexible decisions that involve the whole organization. However, creating an agile and flexible organization is a huge challenge, which is why there is a constant need for innovation, operational improvement or new ways of working with technology.

A report by the American company Mulesoft and quoted by the "Construction Agenda" says that 75% of managers believe that the lack of digitalization affects companies' revenues. The same study shows that the digital transformation has become a strategic imperative for most companies (92% of respondents), as they have ongoing or planned investments in the digital area for the next 12 months.

“Cash flow is King”. This is a reality that you need to pay special attention to, especially in times of crisis.

For all organizations, regardless of size or field of activity, cash flow management is a topic of maximum interest, the continuation and success of the business depending on it. A sudden economic change, such as the pandemic, can affect cash flow quite quickly, which is why business people need to be prepared with the necessary tools to help them overcome any problem related to an unstable cash flow.

The emergence of a crisis is certainly the biggest test of performance given to businesses. Closure of workspaces, social distancing, as well as all measures taken to prevent the spread of the virus result in an unprecedented increase in demand for solutions that facilitate team collaboration, but also cloud ERP and CRM solutions.

The flexibility and ability of a business to adapt its activity to changes at national and global level is very important. In order for managers to be able to make the best decisions in the shortest possible time, they need management solutions capable of satisfying the need for speed, agility and scalability of businesses.

Our mission is to develop and support the digital way we work so that our clients' businesses grow smart and sustainable. The solutions we propose for the efficiency of the working mode are customized for each type of business, which is why they are addressed to companies from different fields.

BITSoftware announces the launch of a new version of SocrateERP in the cloud, the complete business platform that includes new features developed and used by our industry-wide customers to streamline their business activities. Here is a brief review of the most important new functionalities.

Implementing an ERP system is an expensive initiative, both in terms of time and money, and its benefits are seen in time and only if implementation is done correctly. Panorama Consulting, however, announces that 1 out of 5 implementation projects are subject to failure.

ERP systems are continually evolving. For the next year, we have already identified some trends that redefine the framework for using ERP systems. If you do not yet use an ERP system then you should consider these trends and determine how they might address the needs of your company.