Enterprise Resource Planning (ERP) is a business process management software that allows an organisation to use a system of integrated functions that manages a company’s financials, supply chain, operations, reporting, manufacturing and human resource tasks.
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Efficiency
An ERP solution can eliminate repetitive tasks and process within a business and significantly reduces entering information in manually. The platform will also streamline business processes to make it simpler and more efficient for companies to collect data.
Accuracy
ERP software gives users the tools they need to create more accurate estimations. Since the information within the ERP model is as accurate as it can be, business can make more realistic and accurate estimations.
Scalability
ERP systems allow the addition of new users and functions to grow the initially implemented solution over time. When your business is ready to grow, ERP software would be able to facilitate that growth.
Reduced Costs
ERP platforms reduces the administrative and operational costs of running your business. It allows your business to manage operations, prevent disruptions and delays and helps users to make decisions more quickly and effectively saving costs in the long run.
Reporting
ERP helps make reporting much easier. With improved reporting capabilities, your business can respond to complex data requests more easily. Users can also run their own reports without having to rely on help from IT, saving users time so they can focus on other operations.
Productivity
Using ERP software, you can have redundant and repetitive process automated. This will enable users to have more time to work on other key tasks and projects.
Flexibility
The modern-day ERP software system are robust, flexible and configurable. They can simply be created to suit the unique needs of a business to whatever way they would like. ERP systems can also adapt to changing needs to a growing business, so you won’t have to buy a new solution.
Security
You will never have to worry about data security. A new ERP system will improve the accuracy, consistency and security of all the data within a business through built-in firewalls. Restrictions to data can be enhanced by managers of the solution so you can make it as secure as you like.
