What is ERP Solution? (and how it works)
– An ERP is an application that automates business processes, and provides insights and internal controls, drawing on a central database that collects inputs from departments including accounting, manufacturing, supply chain, sales, marketing and human resources (HR).
– Once information is compiled in that central database, leaders gain cross-departmental visibility that empowers them to analyze various scenarios, discover process improvements and generate major efficiency gains. That translates to cost savings and better productivity as people spend less time digging for needed data.
– ERP software that’s tailored to meet the needs of an individual business, making these systems a critical tool for companies across industries and of all sizes. Many of the world’s best-known and most successful firms have leaned on ERP for the last quarter century.Now, this software can be configured and priced to meet the needs of all-size businesses.
– Put simply, an ERP system helps unify people, processes and technology across an organization.
– ERP systems typically cover all aspects of business operations and commonly provide:
- An integrated system
- Common database
- Real-time operation system
- Support for all applications/components
- Common user interface across application/components
- On-premise, cloud hosted, or SaaS deployment
– Cost savings and improved ROI efficiency: Increased productivity and efficiency as a result from the integration and automation that ERP software provides
– Improve business insight: Improve decision making with a single aggregated source of truth and real-time data
– Manage Regulatory Compliance: Manage and monitor compliance with regulatory standards, and even set up alerts for non-compliance
– Reduce risk: Automate core business operations, manual tasks, and reporting. Reduce human errors, and free up employee time and resources.
– Enhance collaboration: Break down communication barriers for efficient collaboration and coordination to improve job efficiency.
– Improve supply chain and distribution network reliability: Use demand-driven MRP to forecast supply and demand and prepare for fluxes in orders and supply chain
– Scalability: Consistent infrastructure for streamlined operations can grow as your business grows
– Optimize customer and partner management: service, customer relationship management, as well as partner and supplier management with insight from shared information