Benefits of ERP Solution
Benefit of ERP solution can be quickly realised once an organisation starts to utilise the features and functions of the ERP solution. ERP or Enterprise Resource Planning is a term that refers to software applications that are used to manage information more efficiently throughout a company and its operations. ERP solution can have a positive impact on businesses, by increasing efficiency and effectiveness across the entire operations – be it sales, marketing, service or even manufacturing.
Here are the benefits of ERP solution:-
1. Single view of information
The ERP (Enterprise Resource Planning) system is able to gather all information in a unified system and allowing departments to share a common vision and coordinate in real time. Imagine the shipping department seamlessly updating information as the accounting department picks up the information as orders leaves the warehouse. A fully integrated ERP will enable better communication and collaboration between departments, partners and customers.
2. Reliable data
Raw data collected and collated within the system in a single integrated source ensures the quality and integrity of data. Everyone can easily access accurate, timely and relevant information as and when they need it. Having an ERP system with reliable data also enable staff to plan better and react swiftly to changes in demands, competition and unexpected disruptions.
3. Enhancements and efficiencies
Availability of information coupled with user friendliness of the ERP system also allow businesses to respond faster to the changes in the market and provide a 360 degrees business-wide visibility. ERP promises companies with increased efficiencies and cost savings, thus many companies chose to implement ERP in tough economic times to increase efficiency across departments.
4. Improved reporting
Reports that used to take hours to prepare will now only require a press of a few buttons – thus eliminating time wastage and human errors. ERP frees up resources to do more meaningful work and allows stakeholders to access report in real time. Information within the ERP system is able to assist you in making strategic decisions by providing you with real time data and a comprehensive view of the business.
The implementation of ERP systems like Microsoft Dynamics ERP and SAP Business One will help you to build your competitive advantage, as it helps you to better understand market demand, open doors to excellent customer service, enable you to take well-information business decision, improve efficiencies and facilitate business growth.
SAP Business One is an affordable Enterprise Resource Planning (ERP) software designed for small to midsize businesses. As a business management solution, SAP Business One streamlines business processes, provides real-time information, and help boost overall business performance. The solution covers finance, sales, customer relationship, purchasing, procurement, inventory and manufacturing in one centralised system, enabling accurate and precise information retrieval that assist in reporting, forecasting and analysis. Read More on SAP Business One