10 Benefits Of ERP System For An Organisation
Systematic planning is one of the practices which every organisation undergoes for their overall betterment. To be victorious in the same, ERP systems were introduced – ERP stands for Enterprise Resource Planning. There have been multiple benefits of using the ERP systems & we are going to talk about the top 10 benefits of the ERP system which every organisation can avail.
1) Cost Reduction – ERP has spot on accuracy & real-time data, which reduces the costs of admin. It finds the process gaps & delays, which makes it very convenient for the concerned person to take the required action promptly. This allows for more efficient and smooth flowing processes and a better ROI.
2) Scalability – An organisation never maintains the same process for its entire life-cycle. Over time, implementations are done in order to stay relevant and for that your system has to be scaled. ERP enables you to alter different processes at different phases as per the company requirements at that point in time.
3) Leaner Supply Chain – Implementing an ERP system enables an organization to improve its procurement, product demand, inventory, tracking etc., which indirectly but most definitely improves the supply chain in an organisation.
4) Increased Visibility – An ERP system can help you track a process from its initiation till the conclusion. An ERP system helps point out where the negatives or positive externalities are originating. Not only is there increased visibility, it’s more accessible visibility because all the workflow can be viewed without investing in additional manpower.
5) Reporting – Many organisations fight with improper operations and reporting which directly affects their business. To overcome this problem ERP system can be implemented in each sector where every individual can report using the standard template systems.
6) Quality – Manual data capturing can be very dangerous in terms of accuracy. ERP systems allow you to maintain the quality of the records, allowing you to achieve good traction throughout.
7) CRM – Happy customers means happy business. Communicating with customers, knowing their problems, being available whenever needed are some key services which are made easily accessible through an ERP system. ERP allows making and maintaining customer relations to be much more easier, efficient and effective.
8) Analytics – If you have data and desire to use it to improve overall operations, the first step is to analyse it. An ERP system comes with some inbuilt features where analytics report generation can be done on the go – Making strategy building an efficient, effective, and mobile operation.
9) Mobile Access – Take your business with you on your mobile. An owner of a company or its employee, for instance, needs continuous updates on what the company is doing, what its targets are, and the overall state of operations. An ERP software can be built on various platforms including IOS, Android & Windows allowing to keep track of your company operations wherever, whenever.
10) Data Access – Data is one of the most important elements of any company, and its security is of priority to all those concerned. Appropriate access controls to relevant individuals is possible through ERP’s access control systems – Permitting a secure control over your precious data.