Read on to find out why more businesses of all sizes are implementing ERP systems today.
An ERP (enterprise resource planning) system is an instrumental piece of software. All companies should have or plan to integrate ERP into their business processes.
An ERP system is robust. It can pull in data from many different business functions resulting in many improvements for businesses from better productivity and efficiency, decision making and even stock management.
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How Does an ERP System Improve My Business?
ERP doesn’t come in a one size fits all package, although they all claim to do everything. The detail in each is different and may better suit specific business industries and have varying ability to tailor to meet user’s specific needs.
ERP works by pulling data in from all different functions of a business, and stores it all in one place. By doing this, it can streamline business processes which opens up new capabilities that were not possible beforehand.
How Would This Improve a Business?
There are many advantages that an ERP can bring to a company. Some examples of how your business could be improved:
An ERP system doesn’t only collect data. It helps you sort, analyse and create information with ease. Real-time data collection leads to extremely accurate and relevant data with which to work. ERP systems can also enable you to create bespoke reports for individual roles and sectors of the business.
With improved reporting comes greater insight and visibility into all business operations, helping with more transparent business decisions based on facts.
Order management is more effective as an ERP system can track and collect data from the whole life of an order through the process from the initial enquiry to the delivery of the product and everything in between. Employees from the warehouse to admin staff in the office can access this information and process any actions through the system.
ERP can also help with cost-saving, because with one source of accurate and relevant data, an ERP enables planning, and reduces the need for administration and operational costs. It also allows the chance for real-time management of operations, helping pick up on any disruptions and delays.
One of the most critical issues that business is facing today is security. Data security is vital for a business, especially with GDPR. With the use of ERP software, data security is less of a worry. Administrators can put restrictions in place for specific employee groups allowing management of data. Other software such as firewalls can even be built into an ERP system to help secure data further.
Summary
The list is endless on how the right ERP system can improve your business. Unless a micro-SME, we would seriously consider looking at more of the benefits an ERP can bring to your company and start to plan accordingly to integrate the right system for you. Why not start here?
If you would like to find out more, contact us today to find out how we can help you and your business deliver your vision for the future on +44 (0) 1282 463710.