While using an ERP system offers plenty of advantages, one of its top benefits involves allowing you to successfully achieve complete business integration. The following examines precisely how ERP systems manage to take various components, functions, and information from your business and streamline it into a form that can be used by all areas of your business. This successful integration results in increased efficiency and improved productivity, while also facilitating better communication.
What is an ERP System?
At its most basic level, an ERP system is designed to take numerous functions from your various business departments and combine them into a single system that your entire organization can use.
Here’s an example that will make it easier to understand how an ERP system works. Your company may use one type of accounting software, yet take advantage of a different software system for managing and fulfilling orders. At the same time, the software you use for HR and customer support issues may be something completely different. This often results in a tangled web of software systems that tremendously impede your productivity and flexibility. Your business’s ability to grow and thrive is hindered.
An ERP system consolidates all of these business operations, as well as any others you may use. It organizes, manages, and integrates them into a single system that contains all of your data. In this unified system, you and your employees, whom you have authorized to do so, can easily find the information they need. It ensures that all aspects of your business are in one spot.
SAP vs. Oracle Case Study
SAP and Oracle both invest heavily in cloud technology. However, our client was skeptical about cloud scalability and unsure if the products were mature and proven.
It almost goes without saying that moving everything related to your business to one system allows for immediate integration. For example, it allows employees in different departments to access the information they need when they need it. Of course, you can set viewing parameters, giving employees access to only certain information.
ERP systems generate real-time reports, allowing you to make decisions based on the most current information available. Also, they are designed to make finding the specific information needed easy to find. A wide array of reports on everything from marketing to sales, finances, and employee hours can be created.
They eliminate the need for re-entering pertinent information time and time again, while also preventing information and orders from being duplicated.
The Outcome of Integration
Thanks to this integration, you should see increased productivity, efficiency, and even customer satisfaction and acquisition. An ERP system allows customers to easily get an update on the status of their order, know whether or not an item is in stock, resolve any issues promptly, and know the information they are getting is correct. All of these things are sure to result in repeat business.
If you have not already invested in an ERP system for your business, it is definitely time to do so. After all, the sooner your system is implemented, the sooner you will start reaping the rewards, including integration. Contact Panorama Consulting Solutions today to talk about the steps to take to get started.