The benefits of ERP

 
Regardless of your company’s industry, size, or revenue, there are many advantages to be had by implementing an Enterprise Resource Planning (ERP) software system. An ERP system brings all of your departments together onto a single platform. Your data is updated in real-time, and becomes accessible from anywhere, allowing you to make informed decisions based on up-to-the-minute information.

Benefits of ERP

Improved productivity and efficiency

The integration brought about by an ERP solution will introduce new efficiencies throughout your organization. With screens and reports designed for specific departments and tasks, every user will be working with the tools they need to perform their jobs. And with a single source of shared data, everyone will have the information they need at their fingertips.

Simplified, straightforward data entry and capture

Easy collaboration between departments

Exact forecasting of necessary resources prevents disruptions and delays

Benefits of ERP - Efficiency

Regulatory compliance

Today’s leading ERP software solutions are designed to keep you in compliance with financial regulations. Data is recorded in a secure manner that cannot be manipulated by users, providing you with complete, accurate audit trails. Beyond regulatory considerations, many of the features and functionality are built around best practices, allowing you to do business the right way.

Compliance with SOX and FISMA regulations

Manage your business according to GAAP and IFRS standards

Consistent process handling according to best practices

Benefits of ERP - Compliance

Decreased costs

There are many ways in which an ERP system can reduce your costs across different areas of your business. Real-time visibility to supply and demand ensures that you don’t over-produce or over-purchase unneeded materials. Efficiencies and automation in your ERP software free you up to find more productive uses for your time. And the increased accuracy with which data is collected makes costly mistakes a thing of the past.

Flexible reporting solutions allow you to understand your financial position

Accurate, real-time data entry reduces administration costs

Error-free warehouse handling with an integrated mobile WMS

Benefits of ERP - Decreased costs

Automated, streamlined processes

Tasks that would take hours to complete manually can be performed instantaneously in an ERP system with the click of a button. Batching routines make it possible to post the day’s sales or purchase orders all together, and integration to the General Ledger can automatically create the related financial entries. The introduction of additional technologies, such as barcode scanning, can further automate the capture of data.

Complex processes can be standardized

Scheduling tools allow for the automated processing of records

Electronic Data Integration with suppliers and vendors creates further automation

Benefits of ERP - Automated, streamlined processes

The benefits of technology

A modern ERP system allows you to take advantage of the latest technologies. Built for flexibility, many solutions make it possible to enhance the out-of-the-box product to accommodate your unique business processes and reporting needs. And any good ERP system is fully scalable, meaning that it can grow alongside your organization.

Customization options allow you to maintain your competitive edge

Support across multiple devices makes information accessible from anywhere

Improved reporting and dashboard capabilities

Benefits of ERP - Technology

Single source of the truth

Maybe the most valuable benefit that an ERP system can bring is that it gives you a “single source of the truth”. With all your users recording their activities in the same system, your information stays consistent and centralized. No more guesswork or trying to reconcile data from different programs; you can fully rely upon the information you’re getting from your software.

Real-time reporting gives an accurate basis for your decisions

Maintain a clear end-to-end picture of your supply chain

Trustworthy data that doesn’t require double-checking

Benefits of ERP - Single version of the truth