Enterprise Resource Planning (ERP) is a process used by companies to integrate key parts of their business. Often important to companies because they help them integrate all of the processes needed to run their business with a single system.
An ERP system can integrate planning, purchasing inventory, sales, marketing, finance, human resources and more.
They are now typically cloud based software that offers users remote web-based access.
Key benefits include accurate rela-time data reporting and one single source of information.
Allows different departments to communicate and share information more easily.
With a single system connecting all parts of the business, an ERP application can often eliminate costly duplicate and incompatible technology.
For Example: One system integrating accounts payable, stock control system, order-monitoring system, customer database and e-commerce system.
Benefits of an ERP System
Enhanced reporting of real-time data from a single source. Enabling companies to plan, budget, forecast and communicate effectively.
More automated processes – leads to an ability to handle more orders in the same time. Being able to communicate more quickly with clients and suppliers, leading to quicker response times, increased accuracy and improved customer and employee satisfaction.
Associated costs often decrease as the company operated more efficiently.
Reduced errors regarding inventory management
Efficient use of resources
Is the perfect solution if you are experiencing E-commerce growing pains.
In an every changing political trading environments, it enables businesses to be agile and able to respond quickly when required.
What are the signs that I need an ERP system?
- Lack of a centralised process
- When production use one system to track record and process information and the accounting staff use another.
- It takes forever to retrieve needed information
- If someone where to ask you what the average sales margin of your business is, or production forecast for next quarter – how long would it take you to get that information? If you business is not operating at lightning fast speed today, you are missing out on profit.
- Accounting is time-consuming and complicated
- An ERP system can perform operations in seconds what a human can take hours to do. Time to put your accounting on autopilot and connecting it to the rest of your business.
- E-commerce Growing Pains
- Its easy to manage orders when your business is small, keeping track of stock and orders to go out, whether you have enough stock or not. But once you start growing, it becomes difficult to keep on top of it all.
- Complicated IT Processes
- Managing multiple systems across the business can be a challenge for the IT department. You start of with everything in sync and then one upgrade later one system doesn’t talk to the other, and along the way you’ve felt like you’ve wasted a huge amount of time, costs and resources to the process.
If you can relate to any of the scenarios, it is time to talk about a smarter alternative – an ERP system.