Top 4 Reasons Ports Should Adopt Cloud ERP in 2023

ARTICLE  — As technology advances and the world becomes more interconnected; ports must modernize to remain competitive. Traditional port management systems no longer meet the demands of today’s global market. PyanGo’s Ports for NetSuite offers a transformative change for ports that can help them navigate the constantly changing international landscape. Here are the top 4 reasons ports should adopt cloud ERP in 2023.

1. 1. Streamlined Operations and Improved Efficiency
      Cloud ERP allows for greater control and visibility of operations, improving efficiency. PyanGo’s Ports for NetSuite includes automated workflows, real-time visibility into inventory and supply chain management, and streamlined financials. This allows ports to reduce costs, minimize downtime, and improve service levels.

      According to a study by Nucleus Research, cloud ERP has an average ROI of $3.01 for every $1 invested. This means that for every dollar spent on a cloud ERP system, companies can expect a return of $3.01 in the form of cost savings, increased efficiency, and productivity gains.

   2. Enhanced Automation and Reduced Manual Efforts
      Automation is a key benefit of cloud ERP. PyanGo’s Ports for NetSuite automates manual processes such as invoice management, financial reporting, and budgeting, reducing the need for manual efforts. This frees up time and resources and minimizes errors and the potential for fraud.

      A study by McKinsey found that automation could save the logistics and transportation industry up to $1.5 trillion annually. This is due to the reduction in manual efforts, improved accuracy, and increased speed of operations.

   3. Improved Grant Management
      Many ports receive funding from grants, making grant management a critical function. PyanGo’s Ports for NetSuite includes features such as grant tracking and management, expense tracking, and compliance reporting. This allows ports to easily manage and track grants, ensuring compliance with regulatory requirements.

      According to a report by Grant Thornton, 64% of organizations use cloud technology for grant management. This is because cloud ERP offers greater visibility, control, and efficiency in managing grants, leading to improved compliance and reduced risk of financial penalties.

   4. Real-time Data and Analytics
      Cloud ERP offers real-time data and analytics, allowing ports to make informed decisions based on up-to-date information. PyanGo’s Ports for NetSuite includes features such as customizable dashboards and real-time reporting, enabling ports to make data-driven decisions in real-time.

      According to a study by McKinsey, companies that use real-time data analytics have a 126% return on investment. This is due to quickly identifying and addressing issues, improving customer satisfaction, increasing efficiency, and cost savings.

   PyanGo’s Ports for NetSuite
   PyanGo’s Ports for NetSuite offers a cloud ERP solution that can benefit ports in various ways. From improving operational efficiency to automating manual processes, from enhanced grant management to providing real-time data and analytics, ports that adopt PyanGo’s Ports for NetSuite will have a competitive advantage in 2023 and beyond.

   Contact PyanGo to learn how we can automate your grant management process from end to end.

   Click here to schedule an online product demonstration.