Enterprise Resource Planning [ERP] software is designed to handle core business processes like accounting, human resource, CRM, inventory, purchasing, customer support and sales. The main aim of ERP software is to streamline processes, increase efficiency and promote collaboration culture in an organization. This results in reducing the cost and increasing productivity.
Advantages of integrating ERP software
All business processes like production, marketing, sales, accounting, and inventory get integrated in a single ERP platform. Collecting and accessing data across an organization as well as restructuring cross departmental workflow becomes easy. ERP automates daily tasks of entering information and generating reports. Thus, repetitive process get eliminated releasing staff to concentrate on essential deliverables. For instance, accounting department can instantly gain access to weekly sales statistics without pursuing sales manager. ERP dashboards allow managers, main stakeholders, and decision makers to take a quick look at performance indicators.
Data silos get integrated and all the departments get linked together. Thus, the teams that used to work in vacuum is given an opportunity to collaborate easily with another team within the ERP platform. In addition, SaaS dynamics AX ERP extends collaboration between headquarters and remote teams via internet. Business branches on foreign turf are within hearing distance to their main branch. Collaboration culture encourages team play and innovation, making business more competitive.
Reduces operational costs
Streamlining business processes and monitoring the key metrics closely as well as managing delays, disruptions, and breakdown with ERP is possible. The engineering, production, customer service and other units work in collaboration using real-time information helps to resolve sudden issues faster. Thus, operating costs are controlled.
Make right forecast
Forecasts help to shape strategies and therefore it is vital to gain a real picture. ERP integrated in the company’s centralized database helps to improve data reliability. Advanced analytics, and tools are used to sift data for discrepancies. De-duplication feature allows updated and duplicate free data. Intact data integrity allows managers to generate reports using realistic forecasts. Organizations, whose data sources are complex can leverage ERP software suite to gain hidden insights and stay ahead of competition.
Enhances data security
The ERP solutions are fortified with firewalls and other controls to protect from data breach. The user permission rules offer administration flexibility to lock their sensitive data but access to other information are not constrained. User activities also get spotted easily by the admin.
Adhere to rules
Majority of ERP software include in-built regulatory process standards & compliance reporting for several aspects like data security, product regulation, and financial accounting.
Improve your business processes integrating a reliable ERP software!