What is erp?
ERP software (or enterprise resource planning software) is an integrated system used by organizations to combine, organize and maintain the data necessary for operations. ERP systems merge an organization’s key operations, including the manufacturing, distribution, financial, human resources and customer relations departments, into one software system. Selecting an ERP software package and implementing it correctly can be an extremely complex and intimidating process for many executives and project teams. When the ERP evaluation and implementation is performed correctly, ERP software can revitalize an organization by streamlining and synchronizing its separate departments into one unified software system. When these tasks are done without focus and solid planning, the ERP software project can have severe repercussions that negatively effect the organization for many years to come.
Benefits of ERP Software
Improve data quality and accessibility. A unified database is the predominant ERP feature that connects the various levels and departments of an organization. With a single source for data that is automatically collected, consolidated, organized and analyzed (largely without human input), you get accurate and reliable information to guide decisions. ERP systems allow you to control and set user permissions so that only the right people can access the right data anytime they need to. With most ERP software cloud hosted and featuring multi-device compatibility, your people can access data remotely while on the go.
Improve reporting and planning. These are a direct result of having a single source of information. You can quickly generate any kind of reports – financial, sales, operational, inventory, procurement, administrative, etc. Likewise, the analytical capabilities of ERP greatly support corporate planning by providing you detailed insights and useful metrics on business performance and operational status.
Improve collaboration. Another result of readily accessible data and company-spanning information is better collaboration. An ERP platform simplifies the collaboration process among teams and employees by giving them on-demand access to data across units in the organization.
Improve visibility. The unified and centralized functional structure of ERP applications provides transparency and visibility into your business. An example is monitoring the status of your inventory levels even on a daily basis, letting you know current and incoming inventories, so you can precisely manage your working capital.
Improve supply chain management. An ERP platform can boost your supply chain, making it more responsive through better demand forecasting, enhanced inventory management, efficient procurement, among others. A well managed supply chain opens opportunities for manufacturing innovations and helps reduce costs.
Improve customer satisfaction. Far from what most people think, ERP is not super software but a collection of applications to manage numerous functional areas such as CRM, HR, financial accounting, e-commerce and others. All these are placed under the ERP umbrella to ultimately provide your customers the best experience and utmost satisfaction when dealing with your business, products and services.
Reduce time and effort. ERP software automates tasks and processes thereby greatly reducing time, effort and resources spent on daily, repetitive manual activities. This frees up employee time to focus on other revenue enhancing tasks. Furthermore, ERP promotes the adoption of industry best practices on company-wide level to further bolster productivity.
Reduce costs. An organization with smoothly running units that work optimally together redounds to lower costs and improve efficiency. ERP software is a unified platform of applications and tools that can dramatically lower IT related expenses such as administration, support, infrastructure needs, application licensing, and training requirements since users need only to learn one system rather than numerous separate applications. Acquiring an ERP suite requires considerable budgetary outlay, but you’ll find in the long run that your overall cost savings will outweigh your investment.
Facilitate regulatory compliance. ERPs facilitate processes for regulatory compliance by combining secure and validated data with built-in reports. ERP software aids in producing information required by federal, state and local regulatory bodies.
Facilitate data unification. The lifeblood of modern businesses is data, and ERP software is designed to handle, process, analyze, manage and unify data across functional units and multiple systems in an organization. An important aspect to data handling is having a central repository of information which an ERP facilitates, allowing you to control and determine who can see, edit and share data to ensure its integrity, accuracy and consistency.
Facilitate standardized and simplified business. Most ERP systems are built around proven business processes and best industry practices which help you deliver effective and consistent results. Since ERP software automates most business activities, it aids in eliminating errors, facilitates planning and reporting, and bolsters synergy of processes among departments.
Enterprise Resources Planning(ERP)
ERP Business One provides a complete set of tools to help manage and streamline your financial operations.
The stock capabilities of ERP Business One enable users to accurately manage inbound and outbound shipments, item master information as well as price lists.
The ERP Business One CRM sales cycle management functions record every sales opportunity across the customer lifecycle, from lead identification, through discovery, qualification, proposal, closure, and ultimately through after-sale service and support.
ERP Business One provides your business with the tools that it needs to handle its entire procurement process, including orders, receipts, invoices, and payments.
ERP Business One provides all the tools to help efficiently manage your entire sales process and customer lifecycle. From quotes to orders to deliveries to invoices, ERP Business One offers all the required functions to easily manage the whole order-to-payment process.
The service management capabilities help service departments provide support for service operations, service contract management, service planning, tracking of customer interaction, activities, and customer support.
ERP Business One offers extensive integrated reporting tools for creation of business, accounting, warehouse, and financial reports, account statements, and creation of customized reports. Reports can be exported to a variety of different formats including all features.
ERP Business One offers a simple yet powerful planning system that helps production planners or buyers schedule and manages items for production or purchasing based on a variety of criteria.