Enterprise Resource Planning(ERP) Systems

erp1What is ERP and its benefits.

Every company regardless of its size or the industry has several departments.They all manage different day to day businesses activities and process large amounts of data, however their goal is the same: to drive the company forward. In order to do so, a constant and flowless cooperation among all the departments is required.They need to communicate easily and exchange information quiclky to be able to make accurate business decisions within minutes.With modern technologies on board, they can enjoy the automation which follows the implementing ERP software solutions. An ERP is equipped with powerful tools enabling your company to improve its communication flow.An ERP software integrates some vital aspects of your business operations such as estimation, production, human resource, sales and accounting, into one comprehensive system which serves as a central source of information.No matter how many departments form your organization, they all gain real-time access to the same data as others, which enable them to make more accurate and data driven business decisions in a short period of time.

  

How to tell you need an ERP.

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Since every business is different and faces different challenges, it is relatively difficult to detamine what the couse is and whether a software can solve it.However there are typical business obstacles which ERP System handles and this are :-

Your employees spend alot of time on repetative tasks which could be automated.
Your departments find it hard and time consuming to cooperate with other other.
It takes too much time to exchange information within departments.
Your company uses various software software solutions and none is intergrated with each other.
You make wrong business decisions miss business oportunities because the datais not automatically updated.
If your answer is YES to atleast one of the following questions,you could easily handle that business challenges and beat your competitors by implementing ERP software that automatically increases data visibility across all the departments.

 

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Key features of an ERP

When buying off-the-shelf software, it can compromise your business needs when it comes to the features included in the solutions as they are either too many or too little of them.The greatest benefit of implementing Bespoke software is that it can be customized to meet all of your needs so that you receive exactly what you require.No matter what the business is, the are basic features that will fit all companies of all industries and this are:-

  • Finance Management
    When you can store and manage the incomes and expenses of your company, as well as various accounting transactions.It is easier to control the finances of your business when you can easily generate comprehensive financial reports.
  • CRM
    This is very vital if you want to know your customers better.The feature allows you to access all personal details and purchase history of any customer with a single click and thus you can improve the customer experience
  • Sales management
    It enables you to turn inquiries and quotes into purchase orders.You easily manage and store all sales orders and automate generating sales invoices to speed the sales process even more.
  • HRM- Which serves as the database for employee record and simplifies time tracking.
    Storing job profiles and skills matrices allows you to improve the productivity of your company while a payroll system streamlines managing wages.
  • Business intelligence feature
    Is a key part of any ERP software solution .It creates a visual representation for all the data gathered from all the departments for you to better analyse it.It can also including forecasting which allows you to make more long-term accurate business decisions.

 

Benefits of an ERP

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  • Increased Efficiency-Automating repeatitive tasks such as manually filling out spreadsheets and then generating reports , can save your employees hous of work which they can now spend on more challenging operations.
  • Improved Collaboration-Gaining a clear insight of the data integrates all of the departments and allows them to collaborate and communicate inside the platform and share information much faster.
  • Make accurate decisions-The system gathers all relevant information concerning your company, which simplifies decision making process in your companyYou never need to "Listen to your gut" as data provides with more accurate answers.
  • Lower operational costs-When your incomes and expenses are closely and carefully monitored,it is easier to spot cost saving opportunities.Also, since you nolonger make bad business decisions, you constantly gain profit and thus keep operational costs within budget.

 

 

 

 

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