Enterprise Resource Planning (ERP) has a special place in the heart of any successful business. This platform offers all the business activities an opportunity to be at one place and interact to achieve success.
For example, the marketing department can easily coordinate with the distribution teams to ensure efficient utilization of the company’s time and resources like staff and vehicles. Likewise, the management is able to monitor every activity that happens in the company in real-time.
This has the effect of making proactive decisions to positively impact the bottom-line of that particular organization.
Here are some reasons needs ERP as a platform.
- Business efficiency
ERP has the capacity to coordinate all the activities and processes of a business. This would ensure that information on your current stock, for example, can be seen by both the finance and procurement departments as it is for the sales department. This synchronization helps to simplify data collection and analysis for action.
- Forecasting
The information processed by ERP is so qualitative that managers could predict the future based on previous business trends. Because of its accuracy, managers are sure to identify the strengths and weaknesses of the business and forge a formidable strategy going forward.
- Scalability
Perhaps one of the chief benefits of having an ERP is that you could grow with it. When the efficiency occasions growth, ERP offers the opportunity to expand with the business. New members of staff also have their place in the system. Similarly, the creation of additional departments is also catered for in the expansion program.
- Cost benefits
Administrative costs are significantly reduced when you have an ERP controlling and integrating all your firm’s business processes. Redundancies and inefficiencies are removed from the picture as these have a significant hit on the cost of running the business.
Also, the company ensures that the amount of time wasted shuffling in and out of departments to present information is used for the other crucial functions of the business.
- Flexibility
ERP comes with a flexible user interface which ensures all your employees have access to the platform. It could be accessed from home, work or on the road to deliver a consignment. This level of flexibility could also be customized for more efficiency in the firm. From smartphones, tablets and desktops, these solutions are made accessible to each authorized member of staff at any time.
- Streamlined processes
Through the integration of business processes, cases of data reentry are minimized. It is also easier to observe the activities in the other departments in the business. Similarly, functions like manufacturing, marketing and distribution are well coordinated by ERP.
- Data Security
Enterprise Resource Planning happens to be one of the most secure business platforms in the market. This is because you are able to customize the security settings to your satisfaction. Additionally, the system comes with its internal restrictions and firewalls to detect and alert the IT managers on impending data corruption.
Any business worth its name should invest in an ERP to ensure an increased productivity of their efforts towards more profits. The function of having everything at the touch of a button gives managers absolute control of the success of a business.
