Advantages of ERP

ERP system gives a comprehensive solution to your business by integrating the internal and external information under one system. This enables the management to take effective and on-time decisions with out any delay. In this article, you will see the various advantages of ERP implementation in an organization.

• Centralized working system: Integrates all the departments in the organization under one central system. It replaces many disconnected databases with a single system by incorporating with different applications and data sources. Therefore, it reduces the operational cost by coordination among the different departments of the organization.

• Easy reporting: It offers better accessibility to the data which helps you to generate and manipulate reports at any time.

• User friendly: It is an user friendly application, even non-technical people can access data or information easily.

• Data accessibility: ERP enables to access real time data and critical information with its handy applications. You can avail the ERP with mobile functionality so that you will be well-informed about your business process and performance.

• Better communication: It  not only connects various departments within the organization but also connects your business suppliers, clients, customers, business partners.

• Maintains data/information: ERP stores the data/ information of all the departments (human resources, customer relationship management, supply chain management, finance, etc.) in a common database and prevents data duplication.

• Reduces operating cost: One of the key benefit of ERP implementation is, it reduces operating costs such as it lowers production costs, lowers inventory control, lowers usage of machine and servers, lowers marketing costs, reduces manual tasks and also reduces irregular buying and overspending in purchases.

• Accuracy and consistency:  It helps to maintain accurate and consistent data throughout the various departments of the organization under one central system. This enables the business owner to see the business performance, operations, growth etc. And this also helps the department heads to know the performance of the employees – timings, total work completed and others.

• Enhances productivity: Productivity is very important for the organization success. So, business owner need to implement a strategy that makes their employees to work easily and effectively within a short time. ERP is such system, that helps your employees to access relevant information (particular file, client details and others) to complete their work quickly.

• Resource management: It is an integrated system that provides different tools and reporting capabilities that allows the board to allocate resources.

• Increases security: ERP not only integrates the data from the various departments of the organization but also secures the data.

Other benefits:

• It helps in increasing the customer satisfaction by resolving their queries on time and by delivering the products and services on specified time with expected quality.

• It streamlines all the departments functions under a single system. This helps the top management in taking effective decision in crucial times without any delay.

• It increases the efficiency of the organization by providing timely information and resources.

• It is a modular software system and highly customizable in selecting the modules as per your business requirements.

• It tracks the information like order tracking, revenue tracking, sales and others.

• It reduces the cost of paper and postage and also saves your time and efforts in data entry.