ERP software manages a
number of business operations through streamlining and automation.The software
provides a complete 360 degree view into the ins and outs of a business. With the help of this software
businesses can improve their efficiency as well as productivity.These overall
improvements in business improve customer service and growth. The primary ERP benefits
are:
·
Competitive
advantage :ERP software
implementation can help in keeping the business ahead in the competitive market.Businessmen can no
longer afford to make costly mistakes that can put them far behind in the business market.
·
Improved
process efficiency:An ERP
software solution eliminates repetitive processes and reduces manual data input
which increases productivity as well as eliminates incorrect data input.
·
Department
collaboration :Collaboration
among departments is necessary because business projects involve more than one
department.Thus ERP software solution provides an opportunity for department
collaboration.
·
Integrated
information:ERP software helps
in integrating all the necessary business information at a single location.
·
Cost
savings :ERP software helps in
managing expenditure.
·
Mobility :ERP software allows users to access the
database from anywhere and from any device.
·
Increase
productivity :ERP helps in
saving time and increasing productivity of a business.
·
Flexibility:Modern ERP software is flexible and
configurable.
·
Customer
service :High quality customer
service can be provided with the help of ERP system.
·
Data
reliability:ERP provides
reliable data and improves data accuracy and consistency.
Enterprise resource
planning (ERP) is a business concept used by companies to manage and integrate the
important functions of their businesses.The ERP system can also integrate
planning,sales,marketing,finance,customer service and human resources.ERP integrates
all the business processes of an organization like ERP for discrete manufacturing,
process based manufacturing,ERP for service centers,import,export,construction
companies,preschool chains,retail chains and tour and travels to enhance the
efficiency and maintain the competitive position in the global market.ERP has
evolved from a system known as manufacturing requirement planning.ERP can also
be called as business operating system.ERP system also known as an ERP suite is
made up of different applications that communicate with each other and share a
database.There are certain core processes that run a business.They are finance,
HR, manufacturing,supply chain and services.The function of ERP is to basically
integrating these processes into a single system.New ERP systems use the latest
technologies like machine learning and Artificial Intelligence.ERP software
consists of multiple enterprise software modules that are individually purchased
.
There are various new computing
trends that have an impact on the growth of ERP software.
The ERP software
enables greater accuracy and collaboration between the organisation's departments.ERP
systems thus allow reports to be generated from a single centralized system.
Executives and
business owners won't have to rely on multiple programmes due to ERP software.Thus
data migration and analysis have not become
too complex and time consuming.