ERP has multiple benefits for companies that choose to implement it. As we mentioned in articles in our blog, besides increasing the efficiency of the logistics processes, it favors brands consolidation in the market.
Each company has its own set of processes, products and services. Administrations of business organizations often face operational problems as they grow. Change means that many companies cannot adapt and achieve their goals.
The implementation of an Enterprise Resource Planning (ERP) solution eliminates this gap because it can lead to the optimization of business operations. Thus, it may improve efficiency and boost business growth.
8 Benefits of using ERP in Business Administration!
1. Quick access to data
Performance metrics are crucial to assessing business progress, helping to set future goals. However, as a business grows, it becomes more difficult to manually calculate sales margin and profit rates, as well as other parameters.
ERP brings automation to any business and allows employees to be able to access to shared data, without having to keep manual records. It enables to get synchronized reports with important commercial metrics. Immediate access to data is the key to a conscious decision-making.
2. Workflows optimization
With Enterprise Resource Planning, the workflow is improved, and all processes are streamlined through user-friendly interfaces. Employees may access the relevant information needed to complete their duties.
Whether it’s extracting custom/standard reports or getting data for presentations, ERP software makes it easier for each employee to work, leading your company to increased productivity.
3. Process unification
One of the main goals of any administration is to integrate all the departments of their company into a single software. Many organizations have their data stored on multiple systems. By centralizing information and simplifying the means of access (besides adding data), ERP contributes to greater efficiency, within a business model.
4. Modular and integrated Solutions
ERP software integrates essential processes so that the company’s administration is carried out effectively. These procedures include Financial Management, Accounting, Human Resources, CRM, among others.
By streamlining all processes in a single solution, Enterprise Resource Planning provides a shared database, that allows multiple features for the entire enterprise organization. In addition, it allows adding a set of areas and features that reflect the evolution itself.
Imagine that your company is certified in Quality. At any time, tools within the ERP can be included to control the data regarding this subject.
5. Decision-making support
A growing business will have difficulties with financial management procedures if they are done manually, or if Sales, Accounting, Finance and HR departments don’t have access to shared data. Financial reporting and daily accounting take a lot of time and effort, which can be reduced by using Enterprise Resource Planning.
Implementing an ERP solution, to integrate and analyze financial data, improves productivity and reduces response time to company administration.
6. Redundancy elimination
One of the biggest problems that any company faces, with a non-centralized data management system, is the redundancy of information. Repeated data can lead to inconsistencies and confusion. This is a common difficulty for companies that have multiple data storage locations. However, it can be corrected using Enterprise Resource Planning.
7. Processes overview
In ERP software, processes are interconnected, allowing a company to obtain a 360-degree view of business management. With Enterprise Resource Planning, the user that views the costs related to an order can, at the same time, compare data with customer’s purchase history. It can also analyze shipping costs or even get a sales forecast based on that history. Thus, it can influence the planning of stocks and this is a plus for the person that’s running a business.
8. Customer satisfaction
One of the main concerns of running a business is customer satisfaction. Sales sustainability is critical to the success of the any company. Imagine what would happen if orders and stock management were managed on different software. When a customer asks about the availability of a product, the inventory data would not be, probably, updated. This could mean future problems and a negative image to the customer
ERP provides real-time updating of all business data. Thus, it helps, for example, sales team to access to accurate and updated information and to deal with customers efficiently.
At blink-iT, we support you in the implementation of Enterprise Resource Planning. Contact us and make your business grow!
