Boosting Your Business, The ERP Way | Benefits of Using an ERP Software
There is no denying just how unrelenting globalization is that it can trample the market of any industry. In this fast-paced day and all too advanced age, if you want your business to stay relevant and on par with competitors, you will have to manage your business operations. Thus, you must always find ways to be one step ahead in giving your business an unmatched competitive edge. And this is entirely achievable once you start incorporating the advancements in software development – through the use of Enterprise Resource Planning (ERP).
Now, ERP Software offers strategic business tools that allow for easier operations management all under one roof. All of your operations, such as manufacturing, sales, purchase, accounting, and customer service, will be in a single database using centralized and integrated systems. Streamlining back-office tasks and getting real-time updates on a business’ operations are then made relatively easier.
And to convince you more on why you should use ERP to boost your store, here are some of its benefits:
For businesses that are still just starting, ERP packages can be quite a costly investment. This initial perception can render business owners resistant – that using ERP software would only cost them more than saving in the long run.
But this is not the case at all. With ERP software in place, you are helping your staff in utilizing their time efficiently. They would not have to go over multiple systems to seek information because a central database has everything already. In addition, there wouldn’t be a need to train users on several systems, which will prevent you from allocating vast sums of money to training.
An ERP can automate the tedious tasks in your business operations. The database in the software effectively manages data entry tasks and performs high-speed and advanced calculations that free up your staff’s time. They can then perform other tasks, which will result in an increased ROI concerning labor. You can ensure your company’s profitability and productivity increase once you choose the right solution – an ERP one.
Although features may vary for different ERP programs, they all share the distinctive function of improved collaboration. How so? The centralized database reduces the errors of passing on incorrect data. Your team will have immediate access to the company’s information, preventing any stalling during projects. You can say goodbye to the occurrence of staff excuses and human errors with your ERP software.
Generating reports ranging from income and expenses to those based on trends and metrics is done within minutes. Analytics that could take days of combined research and compilation is instead accomplished in an effective and timely manner. Moreover, many of the ERP software developments can provide executives with customizable dashboards that instantly show reports the moment they log in. And the accessibility for varying reports has levels depending on a staff’s relevance to the company. This feature will secure the confidentiality of sensitive data and information of your business.
Poor Inventory Management
Is your company having difficulties in figuring out your inventory? As it happens, inventory management is one of the biggest challenges that any business encounters. Thus, ensuring that your products are where they are supposed to be is crucial in business operations. Moreover, serious problems are bound to happen within your company when customer data, sales, and inventory are managed separately.
But with an ERP system in place, every staff from different departments will have access to the same and real-time information. Your sales representatives will better answer customer queries because they will not have to check in with another department regarding stocks and orders. As a matter of fact, doing these status checks online is a much better option for your customers.
The heart and soul of any company are the customers that it caters to. Therefore, ensure that they are well taken care of by providing both their needs and wants. And sometimes, the best way to do this is to know them holistically through a Customer Relationship Management (CRM) tool. A CRM works by showing details about your customers’ billing information and order history. Fortunately, most ERPs are already equipped with a CRM or can be integrated with one quickly.
Boost Your Business Today with SF Technologies
Luckily for you, SF Technologies can help you with everything from website development to digital marketing. Not only will we cover your ERP software, but we will also provide you with technological solutions for your business.
SF Technologies is a software development company in Singapore that helps clients improve the efficiency and productivity of their business to achieve increased revenue and effectiveness.