How ERP system benefits your business ?

Enterprise Resource Planning or ERP in short, is the business solution, which helps an organization to run its business smoothly and to promote growth in business. ERP has been designed and developed in such a way that it can integrate all the key business operations, synchronizing all those, gives new planning and optimizing the resources available for the business. 

ERP is not just software it is a combination of software, processes and procedures used to reduce redundancy, create  efficiency and provide a platform for growth. So the solution can be accomplished through 3 major areas: 

1. Software

2. Implementation/training/ process

3. Guidance

The software provides that foundation, it is basically the tool to process the information. The best software system is the one that does what your organization needs it to do. Keep in mind that even the best system doesn't work if you don’t set it up and use it properly. Don’t get me wrong the software is important but not everything.

The main difficulties that an organization feels in order to run a business are the need of quick information. For making any crucial decision for running business one has to have all information with them and also the information which they require at any point of time should reach to them immediately. ERP improves coordination between all operations; it can simultaneously streamline the workflows and processes them according to the priority level, and hence giving benefits to the user. After installation of a proper ERP system the organization becomes more active in terms of time management. Another vital importance of ERP is of better marketing opportunities. ERP investigate every segment properly and thus gives solution to many debacles existing in an enterprise. 

The implementation of ERP system has helped small and mid sized companies, significantly improve their business metrics by process optimization, improving the entire business process, better inventory control, better reporting to take decisions, integration across functionality and increasing transparency across the company. Purchase department can see the sales department data, Sales department can see inventory data, and top management can see any data on a click of single button.

The introduction of ERP in any company has also helped it move up the value chain in term of market credibility and building the confidence of its customer, stakeholders and vendors. Most of the small and mid sized companies were living with in-house developed applications which are non-integrated and on disparate technology architectures. This has resulted in running with redundant technology, loss of support, non availability or less availability of critical information at the right time resulting in overall business loss.