Key advantages of the ERP system for your business
One of the main advantages of the ERP software is that it keeps the system stable, but at the same time flexible and offers a variety of configuration options. They can be tailored to the unique needs of each particular business. The ERP can adapt to the ever-changing needs of your organization without you having to buy a new software solution.
The ERP software requires an investment but in the long run, if you don’t have a system that combines all the information of your activity, your costs may get even higher. Some business owners choose to adhere to conservative, tried and tested methods, others look for technological solutions. One advantage when you use the software is that you can overtake your competition with faster solutions based on real-time analysis. This will potentially protect you from expensive errors.
More efficient processes
Reducing the manual input of information saves time, prevents errors and minimizes duplication of processes. ERP does it for you. This not only improves productivity, but also significantly reduces the posibility of working with inaccurate data. Other advantages of the ERP software are improved daily business activities and simplified processes, which facilitate the collection of information from all departments in real time.
More accurate forecasting
The software provides your users, and managers in particular, with the tools they need to create more accurate forecasts. Information about inventories and sales, financial services and customer service, help forecasting so that the company effectively reduces costs. Since the ERP information is accurate and up-to-date in real time, future advantages include the possibility for businesses to make realistic and more effective plans for their day-to-day activities.
Better interaction between departments
A challenge for any business is to remove the invisible walls between its different departments. They can sometimes act as competitors within the company itself. The concealment of information between business units for a variety of motives ultimately leads to a distortion of the picture and damages your business activity. One of the main advantages of the ERP is precisely the sharing of consistent and up-to-date data in real time through a centralised database. As the system contains data from all across the business, stakeholders can easily access information from other departments for analysis.
An advantage of the enterprise resource planning software is its ability to use data outside of the office. With the ERP, users can access a centralized database from wherever they are working, as well as a variety of devices, including laptop, tablet and mobile phone. The adaptability of the ERP software is of key importance, since it increases productivity and makes information accessible wherever you are.
More reliable data
The benefit of the ERP software is the provision of reliable data that can be accessed from different locations (if they are maintained in the cloud). However, the remote use of business information raises the question of security. ERP enables additional protection to be built in. Subject to the rules of use, this can eliminate the risk of important information falling into the wrong hands. Accuracy and safety are key for the ERP software.
Easier custom reporting
The ERP software simplifies reporting. This facilitates the company's response to complex requests for aggregate information and tracks the evolution of tasks. Employees also have the opportunity to create their own personal reports and the opportunity to work on other projects reported by colleagues. Moreover, with just a few clicks you can make a daily, monthly or even annual report for a specific website, merchant, etc., which significantly reduces the time to implement a number of ancillary processes.
More time for priorities
By automating daily processes, employees have more time to focus on the important issues. Management can control every step of the business, find problems, and optimize priorities. Decision making is much easier when you can look at the big picture of all the of organization's activities.
Stricter regulatory compliance
The ERP can be designed to monitor industry regulations and regulatory changes. This allows the company to keep up with the legal provisions, not to miss deadlines and to avoid significant discrepancies that could lead to penalties for non-compliance.