Impact of COVID-19 on digital transformation – how your business can embrace it

Accessibility in business has never been so important. The COVID-19 pandemic has drastically impacted us as individuals, as a society and especially as a workforce. Digital transformation has quickly become a buzzword and working from home is now the new normal.

While COVID-19 has forced organisations to place a higher priority on the health and safety of their teams, there is also immense pressure to work fast and more efficiently. The way businesses operate, communicate, engage and respond globally, has advanced the need for flexibility and accessibility. For businesses that had any lingering doubts about the necessity of cloud and digital transformation for prosperity, COVID-19 has silenced them.

The pandemic has rapidly forced both the speed of change and the drive for investment in digital transformation. With more remote workers, globally dispersed supply chains and data distributed among multiple systems, reliance on digital technology has never been so crucial. The integration of digital technology into all areas of a business results in fundamental changes to how businesses operate and how they deliver value to customers.

With a vast portion of the workforce working remotely, employee’s reliance on digital technology has gone from “nice to have” to “a necessity”. This has resulted in organisations prioritising digital transformation and investing heavily in technology to address immediate concerns, and to build resilience.

Embracing digital transformation with cloud ERP

The rapid adoption and development of cloud technology has taken away the fear factor with companies now seeing the cloud as a reliable and secure business management platform. Many organisations are choosing to embrace cloud technology by investing in a cloud ERP solution. Cloud ERP software provides businesses with the remote access they need to be a connected business in times of crisis and beyond.

With virtual teams the new norm, cloud ERP solutions allow companies to operate with a 100% remote workforce with 24/7 mobile access capability which means you and your team can manage your business anywhere, anytime. A cloud ERP solution like MYOB Advanced allows you to keep your finger on your businesses day to day performance and provides the insights you need to make informed decisions based on accurate, real-time data. Access to a single source of the truth provides businesses with the resources to make proactive business decisions and maintain business continuity.

A cloud-based ERP solution allows employees to easily communicate and collaborate with members within and outside of your team to keep driving work forward. This means:

  • Everyone stays connected
  • Everyone has access from anywhere
  • Everyone has real-time business insights
  • Everyone is productive
  • Everyone works safely and securely

The power of cloud ERP technology ensures business continuity with accessibility anywhere. It means businesses can operate as normal in times of isolation, safeguarding the security of their cloud data, whilst continuing to thrive. Organisations which embrace cloud ERP solutions like MYOB Advanced have greater resiliency in the face of adversity and are always ahead of their competitors. Investing in the accelerating adoption of digital transformation will allow your business to continue chasing growth and capitalise on the new norm of remove working.