5 Uses of ERP to Support Your Business

Why do you never think about things that can make it easier for you to work, remember ERP Software is here to help run your business.

Have you ever wondered why many businesses and companies are looking for ERP solutions? What do they need? They will not consider implementing an ERP system if this software does not benefit their business.

5 Uses of ERP to Support Your Business
5 Uses of ERP to Support Your Business

According to statistical data last year, as many as 81 percent of companies had successfully implemented ERP applications. You can get the following benefits from implementing ERP software in your company.

1. Optimizing Efficiency

ERP system is an application that simplifies various operational activities that take up a lot of time and effort. Complex tasks such as checking inventory, assigning tasks to employees, monitoring working hours, payroll, and making financial reports, can all be done automatically with the ERP module offered.

With less manual work, teams can focus more on their work without having to distract the rest of the group. For example, the marketing team can monitor daily web traffic reports without requesting them from the IT team, or the accounting team can generate sales reports without relying on the sales manager.

ERP system provides fast data access for managers and stakeholders in the company. Decision makers can monitor key performance indicators across the company only through dashboards. All required data can be generated in real-time.

2. Improve Collaboration

Inter-departmental Collaboration is a crucial and often necessary part of the business. Integrated ERP software is breaking down barriers between departments. With data entered into a centralized and consistent ERP system, one department can access data from other departments.

SaaS or Cloud-based ERP can expand inter-team Collaboration across the company’s branches via the internet.

3. Save Operational Costs

The implementation of ERP applications in companies also helps in saving operational costs. Since most operational activities are automated, various disturbances, problems, and breakdowns can be adequately anticipated.

All complex jobs can be completed more quickly, so this can reduce lead times. Companies can also reduce labor costs because the ERP function can take over various manual positions.

4. Improve Data Security

ERP system is software with firewall and control restrictions to prevent data breaches. All data is stored in a centralized system so that access points can be closely monitored and security is maintained. Admins responsible for managing company data can grant limited access rights to employees.

For example, HR managers can hide important data for themselves and their stakeholders while giving employees access to their financial data.

Admins can also quickly terminate terminated employee access and grant access rights to new employees. ERP solutions also show user activity, so admins can quickly identify unauthorized actions or suspicious activity patterns in the system.

5. Make Accurate Business Forecasts

One of the most crucial things for business progress is the correct forecast. Stakeholders in the company depend on reports to make forecasts that will ultimately influence their decisions. Therefore, businesses must get real-time, complete, and consistent information. The solution from the ERP system is a means that can facilitate all of that.

Reports in ERP systems use advanced filters and analytics to filter data inconsistencies. This system also ensures that the data obtained is generated in real-time. Accurate business reports will assist stakeholders in making the best decisions for their business.

Originally posted 2022-08-24 17:28:54.