ERP System: The Basics
An Enterprise Resource Planning (ERP) system is a business management software that allows an organisation to manage and automate many of their core business processes. Using an ERP improves efficiency, streamline operations, reduce costs, increase visibility across departments, and improve customer service. Additionally, ERP accelerates decision-making with real-time data and improve collaboration between departments.
Why do businesses need an ERP system?
ERP is similar to a backbone of a business. It helps in managing operations and resources more efficiently. ERP provide businesses with greater visibility and control over their financials, operations, manufacturing, supply chain, and customer relationship management.
ERP systems provide businesses with greater flexibility and scalability. It can also be customised to meet specific current and future needs. Additionally, ERP can be used to restrict and control access to sensitive data. Businesses using ERP enjoy cost savings from automating workflows, eliminating manual data entry, and eliminating redundant tasks
Before you get started looking for an ERP solution for your business, it is worth understanding the different ERP tiers. There are three tiers of ERP to suit different business requirements and budgets. ERP solutions can be tiered according to their functionality and business size.
Tier 1 – Enterprise level requirement solutions with complex processes, entity structures, and condolidation. Businesses using these solutions are usually large enterprises.
Tier 2 – Mid level solutions that is suited for a wide range of medium to large-sized businesses. The higher range solutions cover multiple industries and business units . The lower range solutions are designed for businesses with a single entity.
Tier 3 – Lower level solutions that is suited for organisations with straight forward requirements. Usually out-of-the-box without complex features in Tier 1 and Tier 2 solutions.
Kickstart your ERP journey
Get started with ERP implementation with MicroChannel. We have the experience and expertise in implementing ERP across a wide range of industries in Asia Pacific. Reach out to us below or check out our ERP Buyers’ Guide.
SAP Business One is an affordable Enterprise Resource Planning (ERP) software designed for small to midsize businesses. As a business management solution, SAP B1 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.