Spring ’23 Release introduces Five New Analytics Modules, Enhanced Financial Management Capabilities and a Boosted Lightning Experience
Rootstock Software, a recognized leader in the Manufacturing Cloud ERP space, today announced the launch of Enterprise Insights, the new analytics solution within its Spring ’23 Release. This analytics solution is designed to provide manufacturers with a complete view of their business, so they can chart a course toward profitability, efficiency, and value throughout their operations. In addition to this new analytics product, Rootstock’s Spring ’23 Release also includes enhancements to its Financial Management module and a boosted Lightning experience.
“Today, manufacturers have data scattered across their enterprise in spreadsheets and silos,” said Raj Badarinath, Chief Product & Marketing Officer at Rootstock Software. “Legacy analytics fail to unlock insights from a manufacturer’s stockpile of information. To remedy this issue, Rootstock has launched Enterprise Insights, a powerful analytics solution purpose-built for manufacturing. Now, manufacturers can leverage highly interactive, dynamic dashboards to delve into their treasure trove of data and drive more informed business strategies.”
Enterprise Insights is built on the Rootstock data foundation, which enables it to connect to products like Salesforce Commerce Cloud, Manufacturing Cloud, and Service Cloud. Enterprise Insights can then consolidate data from ERP, CRM, and other connected solutions. This analytics solution extracts and presents this data to provide a big-picture overview of a manufacturer’s business—as well as the ability to look at data from various organizational perspectives and in relation to other metrics. Dashboards are easy to use and configure; customers simply drag, drop, and filter data, so their at-a-glance visualizations include the key performance indicators (KPIs) they value most.
Enterprise Insights consists of five modules enabling manufacturers to analyze key areas:
- Sales Analytics empowers manufacturers to identify trends and understand where sales teams should focus to improve revenue and results. Leaders can use metrics to set goals, improve processes, assess profitability by product or region, and drive decisions on where to invest future resources.
- Spend Analytics helps manufacturers track spending trends, improve supplier sourcing, and ultimately reduce costs in the procurement process. Since this module compiles data from across the Procure-to-Pay process, manufacturers gain visibility to streamline inefficiencies, improve contracting terms, and enhance supplier collaboration.
- Inventory Analytics provides insights to help manufacturers improve inventory performance. Due to ever-changing market conditions, they need to be able to quickly adjust to market fluctuations. This module gives them the power to track products through the supply chain journey—from the purchase of raw materials to final sales. Using this information, manufacturers can minimize the risk of stockouts, backorders, excess inventory, and shrinkage, as well as reduce average costs per unit. Such improvements can lead to higher customer satisfaction and improved profitability.
- Manufacturing Analytics provides insights to help manufacturers optimize their shop floor performance. They can view dashboards on production, scrap rates, lead times, and other metrics to help them drive toward continuous improvement.
- Financial Analytics provides manufacturers with increased visibility into their assets, liabilities, income and expenses. These insights help leaders monitor revenue and costs and make more informed business decisions.
“This is a comprehensive set of operational and financial analytics for manufacturing,” said Badarinath. “With these capabilities, manufacturers can leverage Enterprise Insights to set a strategic course to what’s next, while remaining responsive to factors that are in constant flux.”
The Spring ’23 Release also includes enhancements to Rootstock Financials. These enhancements are designed to help CFOs who are experiencing significant, often competing pressures to drive revenue, reduce costs, and adhere to budgets—all while meeting unprecedented demands for transparency and decision support.
In the Financial module, manufacturers will have the flexibility to enable various payment options to help drive revenue. For example, they can facilitate credit card payments, support transactions from external sources and user-developed webpages and enable out-of-the-box payment types, such as subscriptions and leases. In addition, customers can use Rootstock Financials to set and track a corporate budget against actual spending.
Rootstock is also dedicated to providing a user-friendly, intuitive interface. Toward this end, the company has made significant investments in its Rootstock Lightning Toolkit, which gives customers greater usability and flexibility in tailoring user experiences.
To learn more about the latest version of Rootstock Manufacturing Cloud ERP, visit https://www.rootstock.com/rootstock-erp-software/.
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