Every entrepreneur wants to improve the performance of his business while simplifying his operations. Do you know that you can consolidate all your business information into a single database and handle a variety of everyday tasks without the need for multiple software solutions. That’s what an ERP does, explanations!
What is an ERP?
ERP stands for ERP. ERP software is comprised of powerful and strategic business process management tools that can be used to manage information within an organization. Although every business and organization is different, they all face a common challenge: to stay competitive in today’s business environment, they need a reliable and efficient way to store and access information. This is where ERP systems come in. ERP systems integrate all facets of a business into a complete information system that individuals can access throughout the enterprise.
What is an ERP system?
An ERP system consists of applications and tools that help all areas of your business communicate more effectively with each other. ERP systems integrate all facets of a business into a complete information system.
All data is available in real time, enabling employees to make faster, more informed decisions. With ERP systems, all the vital functions of the company:
- human ressources,
share a central source of up-to-date information. Enterprise Resource Planning systems streamline the collection, storage, and use of your organization’s data.
The modules composing an ERP
An ERP can help you collect and store data in one central location from areas such as:
- Finance and accounting
- Human ressources
- Customer relationship management
- Production management
- Warehouse Management
- Inventory management
- Supply Chain Management
ERP for small businesses?
A question often asked by small businesses is: do we really need an ERP? The answer to this question depends of course, but in most cases it is YES. While businesses use manual processes, spreadsheets, and standard software, in today’s digital economy, managing your business without an ERP solution can make you miss the digital transition.
Many small and medium-sized enterprises (SMEs) implement an ERP because they know they need to do something. Currently, SMEs use a combination of disparate applications. As a result, they have difficulty meeting customer demands, there is a lack of effective time management or there are too many risks of errors in spreadsheets and manual processes. These reasons motivate the decision to implement an ERP. But it’s important to have clear goals so that you can track progress against them.
Also note that with ERP solutions in the cloud, ERPs have become more open and cost-effective, such as ERP Integral .
How to know if your company needs an ERP
Each company is unique and faces different challenges at different times. The question is, how do you decide if and when to invest in ERP is right for your business. Not everyone needs a solution as costly and comprehensive as the world leader in ERP, namely SAP .
If you are able to check most of the items on this list, it is probably safe to start evaluating ERP vendors and working to allocate resources for deployment:
- Your team members spend too much time on tasks that could be automated and streamlined.
- You do not have easy access to the data you need to make informed decisions about your business.
- You work with third-party vendors and applications around the world.
- You have a large number of different software tools and processes that you have adopted and implemented for your business over the years, but they are not connected to each other.
- You do not know what your inventory levels really look like on a daily basis.
- Personally, you spend too much time searching for information, trying to increase productivity and efficiency, and integrating the new tools needed for change. Your teams can not easily collaborate or share information with each other.
- You can not access critical business data and information when you are not there.
- You have trouble keeping up with regulatory compliance.
In other words, you are not able to be as proactive as you would like when it comes to identifying the issues that need to be addressed to keep your operations running smoothly.
A well executed ERP implementation can transform various facets of your business, streamline processes and accelerate growth. Are you looking to improve your performance, alleviate frustrations, save time, optimize control, reduce costs, and become a viable competitor in your business environment? You need an ERP solution.
Each organization buys products and services, sells something and has to keep accounts. The way each activity is managed varies, but each company performs these basic functions. In most cases, it is more efficient to manage these processes through an integrated software platform than through multiple applications never designed to work together. This is where Enterprise Resource Planning (ERP) systems come in. Take this opportunity!