Mid-size companies with accurate and real time info of day-to-day operations can make wiser decisions, which allows them to bring down their operating cost by as much as 23% and reduce their administrative costs by 22% (Aberdeen group).
A little knowhow of the functionalities of an ERP software solution, and you will be compelled to use it for your organisation. However, many mid-size and small organisations consider that ERP solutions are meant to benefit only big companies, a misconception that is far from the truth. Also, some business owners believe that they can very efficiently manage operations that are small in magnitude, but if you notice carefully the figures above, they have a different story to tell. ERP software solutions are as much for big companies, as they are for mid-sized and small organisation.
What is an ERP solution?
So what exactly is ERP or enterprise resource planning all about? An ERP software gives you real time company data which allows you to base your decisions on facts and figures rather than the rule of thumb. It is a set of applications that help you to manage your organisation more methodically. It streamlines and automates your business operations and processes including technology, services and human resources to improve efficiency of your establishment.
6 reasons why your organisation needs an ERP solution
It would not be wrong to say that the benefits of embracing an ERP system outweigh the time, money and energy you spend on implementing the software into your organization. Here are 6 simple, yet compelling reasons why your company should be using an ERP software, sooner rather than later.
- You get real time data, which improves your decision making.
Most often companies base their decision making on precedence, rule of thumb or gut feel, as actual information is either not available or comes in late. But, with an ERP system in place you are able to take decisions based on real time data. This significantly improves the quality of decision making, which can save you money and increase customer satisfaction.
- It improves customer satisfaction.
If you think an ERP software is only to integrate internal processes, you are wrong. It also helps in keeping your clients satisfied. From producing leads to acquiring new customers, including their retention and support, an ERP solution helps you all the way through in the customer lifecycle. When you look after your customers well, keep your promises and deliver on time, then there is no reason to worry, you are on the path of success.
- ERP solution increases the productivity of your organization.
An ERP software increases operational efficiency and saves time by eliminating duplication of work, and this in turn increases productivity. It improves the efficiency of your workforce that enhances profitability of your organization.
- It also benefits production and inventory management.
An ERP solution can bring in a lot of improvement if your organisation uses inventory and has a production facility. It keeps you posted on exact production requirements. It also helps improve production and facilitates timely deliveries.
- It improves efficiency of your organisation.
An ERP system increases the visibility of your daily operations and it becomes easier for you to get hold of various reports, as and when you want them. From customized reports and statement of expense to shipment order and income statements, you can get all the information at super-fast speed. This improves your decision making which in turn increases the efficiency of your organization.
- You can save a lot of money for your organisation.
From supply chain management, product development and IT, HR to management, an ERP system integrates your business processes, which increases the cost efficiency of your company. An ERP software eliminates duplication of effort as everyone works on the same system saving your organization money and time. Also, you don’t need to train users on different systems which improves cost savings further. Moreover, an ERP system improves your day-to-day operations that lets entrepreneurs take smarter decisions, saving you a lot of money.
The extent of benefits ERP software solutions can provide are enormous. It is time you shift to a new and modern eZnetERP that takes your business to newer heights.
eZnetERP, a product from vStacks Software Solutions, is a cloud based application that provides 24X7 expert support so that you can focus on the growth and development of your business.
eZnetERP gives a 360-degree overview of your organisation, which improves your decision making and increases your company’s efficiency.