Why Use an ERP System: A Business Perspective
why use erp software
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on pinterest
Share on reddit
Share on email
Share on print
Why are more and more businesses moving onto ERP systems? What are the costs and benefits? Which ERP is right for your business?

Which businesses should use ERP?

It is not a question of if your company needs ERP (Enterprise Resource Planning) software, but rather when. Over time, ERP software become essential to all types of businesses, no matter their industry or size.

After all, 65% of current small businesses implement ERP software to assist their company’s management and growth.

The world of ERP systems can seem daunting. There are many competitive options and service providers, implementation methods and deployment models.

However, despite the many options, choosing the right ERP for your business can be the difference between the best investment you’ve ever made in your business or the beginning of a series of new problems.

The ROI on an ERP system must be gauged in the long-term. In the beginning, moving onto an ERP system costs both time and money. It is a complex process with many nuances. However, with time, it starts to save more time and money, in addition to creating better results as it drives growth.

They reduce training costs, user errors, tedious manual processes, fragmented data silos and the expenses of maintaining multiple third-party applications.

ERP Software helps companies far beyond just freeing up time and saving costs.

  • Improves Collaboration
    • A centralized database
  • Provides better analytics
    • Repetitive reporting
    • Easily accessible reports
    • Automatic reporting (less necessity for IT personnel)
    • Role-based access to reports
    • More in depth data visualization
  • Improves Productivity
    • Elimination of repetitive day-to-day tasks
    • Allows system to perform advanced calculations speedily
  • Creates happier customers
    • Most ERPs contain CRM tools
    • Integrated CRM shows details of order history, billing, etc
    • Increased customer visibility
  • Simplifies compliance and risk management
    • Built-in auditing tools
    • Risk managing tools
    • Forecasting tools
  • Improves inventory monitoring
    • Inventory information updated at every step during supply chain
    • Bolsters reporting/more accurate numbers
  • Improves product planning and resource management
    • Insight on all manufacturing operations
    • Manages BOM (Bill of Materials) and fixed assets

On top of improving most business practices, companies move to ERP software to solve common pain points.

SoftArt is a vendor-agnostic ERP Specialist and Database Consulting company. We understand that it is overwhelming looking through all the different ERP systems and trying to find the best one, which is why we are dedicated to helping you locate, implement, and manage your future ERP software. Book a free consult to begin discussing your future with ERP systems.

More
articles

supply chain management
Business

How ERP Software Can Save You Money – Part 2

How do ERP systems save businesses money? In part two, we’ll take a look at how ERP systems improve three major business processes: supply chain management, inventory management and customer relationship management (CRM).