Ten Benefits of ERP Software for Business
Tags: ERP   Manufacturing   CRM   Reporting  
10/06/2011 12:00 AM

Effective ERP software integrates most (if not all) of your Business Software requirements into one bundle. This can mean considerable benefits for enterprises seeking to minimise repetition and to save time.

Integration

  • Manufacturing
  • Supply Chain Management
  • Project Management
  • Customer Relationship Management

These are some of the functions you can have integrated into the same software package. Integration means:

  • Quicker access to information
  • Significant time saving
  • Reduced paperwork
  • Improved compatibility when compared with separate software packages for each function area

Standardisation

  • Standardising the recording and sharing of data facilitates any organisation in achieving its goals more efficiently.
  • There’s no need to ‘translate’ information as it moves through each department or function
  • All data is presented in the same way for everyone, which supports time savings and reduces the likelihood of errors or miscommunications
  • Information is reported and accessed more quickly
  • Less time taken for staff to learn software use for different function areas

Central Database

  • A central database means customer information doesn’t need to be entered multiple times. Everyone has access to the same information at the same time
  • The status of a job can be known instantaneously by everyone, helping the organisation act as a coordinated body rather than fragmented departments
  • Shortening of lead times and improvement of customer satisfaction

Easy Reporting

  • As data and information are centralised, it’s easier to generate specialised reports with erp software
  • All the information from separate functions are kept in the same database, making it unnecessary to gather data from multiple locations, merge it, and create it
  • Accurate reports can be generated on a real-time basis

Improved Compliance

  • Better record keeping and report generation mean better compliance.
  • Improved compliance is also supported by the organisation becoming more transparent and allowing management to monitor and make decisions more quickly.

Customer Relationship Management
While ERP software can support better CRM by reducing lead and delivery times, it can also assist by allowing you to record information and keep track of potential customers.

  • Customer, supplier and contact information
  • Record sales information, such as potential leads and conversations
  • Generate quotes and record status of quotes
  • Sales forecasts and trends
  • Sales follow up reminders
  • Order tracking

Process Automation
As ERP software incorporates a good degree of process automation, it helps reduce operation costs. This is done by reducing the need to having extensive monitoring, repeated entry of data, and the manual generation of reports.

Adaptation to New Business Processes
As your business grows, staff can quickly adapt to new business processes, as the IT system facilitates better communication between the core business functions.

Affordability
It’s a myth that only large companies can afford ERP software. Easy-to-use, highly customisable, and expandable ERP software can be found at a suitable price for small and medium enterprises.

Scalability
When properly implemented and designed for the medium to longer term, ERP software can provide your organisation with greater scalability. This allows you to expand and adapt quickly to:

  • increased demand
  • greater volumes of stock
  • more customers

ERP software can provide you with lots of opportunities for cost-cutting, productivity, and efficiency when implemented carefully in the context of appropriate staff training.

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