Key benefits of using an ERP software
An
organization without ERP will be running with different customized softwares
which will not have any intercommunication in between. Sometimes proper customization
is also not possible. By integrating a company’s core processes in a single
application will improve flexibility, efficiency and reduce cost. Today latest
reports showcase that ERP systems are used in majority by small business also.
A
good ERP software can increase data security and also all the needed
information can be assessed in a better or easier way.
A
completely developed and implemented erp system will incorporate a full range
of operational transactions such as Finance, Human Resource, Sales and order
management, Customer service, Inventory management, Product life-cycle
management, and the Management of the manufacturing or distribution facilities
themselves.
Key ERP benefits
1. Improved data visibility
Improved data visibility
helps in quick and accurate decision making. All the necessary data’s needed is
available in a better way and thus there will be no delay for a process which
needs key business information for its execution
2. Scalability
An ERP system is easily scalable. This means that it is easy to add and
manage more branches, departments and processes. This helps organisations which
are growing at swift pace and also need updated system to meet the rising
demands.
3. Reduced complexity
ERP system seamlessly link all your business processes and gives a neatly designed system of workflows. Thus reduce the
complexity and makes the entire system more efficient.
4. Business Analytics
ERP offers opportunity to store vast volumes of data. It
can display data on selected dimensions.As technology advanced ERP system can provide actual intelligent data that can be used to drive new business decisions and strategies.
5. Increased efficiency
By tracking the progress of every phase of a
project to ensure benchmarks are being met, the employers or managers can make sure their employees are working on
the right job within the time span. By accessing analytical and performance
reports employer can plan the most effective strategic activities which can
boost up their ROI.
6. Faster Customer Service
It’s easier to provide
high-quality customer service using an ERP system. Good ERP system has
potential to share the data easier and timely manner and thus improve an
organisation’s customer service and response time on processing a request.
7. Cost reduction
By providing automated back office an operation which eliminates
duplication and delays can help reduce administrative costs associated with
manual processes.
Improved procurement, inventory, demand forecasting, etc., is
essentially for improving the entire supply chain and making it more responsive. For example the only product that has demand and useful is
regularly stocked. Reducing inventory on items that don’t sell reduce
inventory, carrying cost and the manufacture can distribute their funds to
other operations
There are absolutely a lot of benefits
regardless of whatever software brand it is tied. The above are the key ERP benefits.
If you would like to discuss more about ERP
softwares, and if it is right for your business, please don’t hesitate to get in
touch with one of our experts.
Suvan Technology Solutions India Pvt. Ltd
44/675 A6 3rd Floor
Kaippilly Mohamed Ali Towers
Kaloor, Kochi – 17
0484-2530410 , 2530415, 4050180
