ERP allow people to access and manage real-time information and transaction processes across an entire organization. ERP solution delivers value by increasing process efficiency, enhancing workforce productivity, cutting operating costs, boosting employee and customer satisfaction and enabling better & faster decisions. It attempts to integrate all departments and functions across a company onto a single computer system and a single database so that the various departments can more easily share information and communicate with each other.

What will ERP do for your business?
Functions of ERP can be classifieds into five major categories.

Integrate financial information: When we need the company’s overall performance, we may find many different versions of the truth. Finance has its own set of revenue numbers, sales has another version, and the different business units may each have their own version of how much they contributed to revenue. ERP maintains a single version of the truth that cannot be questioned because everyone is using the same system.

Integrate customer order information: ERP can become the place where the customer order lives from the time a sales person receives it until the loading dock ships the merchandise and finance sends an invoice. By having this information in one software, rather than scattered among many different systems that can’t communicate with one another, companies can keep track of orders more easily, and coordinate manufacturing, inventory and shipping among many different locations simultaneously.

Standardize and speed up manufacturing processes: Manufacturing companies, especially those with an appetite for mergers and acquisitions—often find that multiple business units across the company make the same widget using different methods and computer systems. ERP come with standard methods for automating some of the steps of a manufacturing process. Standardizing those processes and using a single, integrated computer system can save time, increase productivity and reduce headcount.

Reduce inventory: ERP helps the manufacturing process flow more smoothly and it improves visibility of the order fulfillment process inside the company. That can lead to reduced inventories of the materials used to make products (work in progress inventory) and it can help users better plan deliveries to customers, reducing the finished good inventory at the warehouses and shipping docks. To really improve the flow of your supply chain, you need supply chain software, but ERP helps too.

Standardize HR information: Especially in companies with multiple business units, HR may not have a unified, simple method for tracking employees’ time and communicating with them about benefits and services. ERP can help you out.

Need more information, click here to contact us