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Can you imagine getting back hours in your day?
Then multiplying this impact by the amount of team members you have? Wouldn’t it be a major competitive advantage to streamline tedious tasks and enhance time and cost savings?
And what would it mean to your bottom line if you were able to immediately gain insights into the inner workings of your business operations whenever or wherever you needed to?
Thanks to modern ERP, these thoughts and questions don’t need to be imaginings. They can be a reality and change the way your business grows.
As a medium to large business, you run a complex organisation.
You have suppliers, customers and distributors to manage. Each supplier will have their own system, and you may find yourself managing duplicate processes on different systems that take up a lot of time.
You’re also managing your own workforce. Departments within your organization could be working in silos, with teams having little visibility on how their work impacts the wider business. You need to keep track of all the resources at your disposal.
And today, it’s becoming ever more pressing to bring your business into line with digital transformation best practices.
ERP stands for Enterprise Resource Planning. Essentially, ERP is an integrated business management software system used to consolidate all the functions of an organisation into a uniform and enterprise-wide environment. It includes performance management, planning, budgeting, forecasting and reporting functionality and the ability to organise an enterprise’s financial data.
Implementing a modern ERP system in your business means processes around core activities (e.g. keeping track of customer orders, project managing operations, maintaining correct stock levels and managing cash flow) are streamlined.
Additionally, a modern ERP system establishes one source of truth to gain real-time insights into the health of your business. With all departments connected in real-time, it encourages more informed decision-making and increases efficiency at all levels.
Every business is different. But every business face one similar problem.
To maintain a competitive edge in today’s business environment, you need an efficient and reliable way to store and access your data. An ERP system is the solution to these requirements and comes in many guises - from industry-specific ERP software to B2B wholesale software, cloud-based or on-premise ERP systems.
Understanding your company’s data is akin to finding a goldmine. Being able to read transactional data helps you optimise your business operations for the highest cost-savings and efficiencies. Identifying trends and patterns in data can open up competitive opportunities for your team - and help you increase revenue.
ERP systems help you realise the value of your data.
In particular, ERP for medium/large business is designed to provide efficiency, analytics, intelligence and visibility across your business.
Streamline business processes
You know your business better than anyone, but there are some useful indicators of whether your business is ready for an ERP system or if you need to upgrade your current business software solution. (The checklist below is helpful whether you run a small to medium sized business or a large business.)
You may have begun reading this article wondering “what is ERP?” In summary, it’s a business management software solution that helps you build a sustainable and scalable business in today’s fast paced environment. The right ERP system can help you recover time, increase productivity - and grow your revenues.
Want to ensure your ERP implementation process is seamless and effective? Click here to find out more.