04 Jun Hosted ERP Drives Global Expansion
More U.S. small businesses are expanding operations and sales overseas at a growing pace according to a recent New York Times article. While the overall number of American small businesses is only about 5 percent new technology like eCommerce and cloud hosted ERP drives global expansion for many smaller companies.
U.S. markets are huge, so many organizations don’t see the value in expanding overseas, but by becoming a global enterprise, businesses can immediately increase their growth potential. An article at entrepreneur.com lists the top five reasons for organizations to go global.
You can extend the sales life of existing products and services by finding new markets to sell them in.
- You can reduce your dependence on the markets you have developed in the United States.
- If your business is plagued by destabilizing fluctuations in your markets due to seasonal changes or demand cycles, you can even out your sales by tapping markets with different or even countercyclical fluctuations.
- You can exploit corporate technology and know-how.
- Finally, by entering the global marketplace, you’ll learn how to compete against foreign companies-and even take the battle to them on their own ground
Microsoft Dynamics AX™ hosted ERP drives global expansion with country-specific localizations in a single solution to meet regulatory requirements for 36 countries including high growth markets such as Brazil, India, China, and Russia. Not to mention multi-currency accounting and consolidated financials across departments and multiple entities. And because a cloud hosted solution reduces the cost of owning an operating an on premise system, they are more affordable than ever for SMBs.
Check out the Dynamics AX 2012 R3 fact sheet to see nine other great reasons to choose AX.