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ERP software or an Enterprise Resource Planning Software is a platform for not only keeping a track of all your leads or better the customer services, but also for streamlining multiple processes in one and identify leakages happening in the system. An ERP should be considered as a constructive step towards growth and more revenue generation.
If you are a retailer, manufacturer or a service provider, then it is more than necessary for you to have an ERP which helps you in handling all the multiple processes requires a single solution to handle all process like procurement, sales and inventory management.
Let’s see four significant reasons why ERP is required for growing business:
Resource Planning is nothing but the defining the roles to the user. As an organization has lots of departments that include lots of resources to handle workflows and procedures, every user has a separate role depending on areas of functionality. Enterprise Resource Planning allows you to define individual Job role, measure and track their activities, real time coordination between users so that organization can measure the performance, growth and also set the future goals. It will help your business to streamline the process.
As an organization have a lot of processes and activities in every departments, ERP allows you to handle multiple task and processes without compromising on the core functionality of the business. When business grows or expanding then processes and activities also expand that need to be handled by the system. Enterprise resource planning enable you to expand the business process. If system is capable to handle the growing activities may turns to increase the productivity and profit. So the system should be efficient and flexible for growing your business.
Mostly business growth depends on profit and profit depends on calculation of money that includes costing process. Measurement need to accurate to successful the process. ERP enables you to capture the exact information. Sometimes there may be situations such as interdepartmental wrong coordination, wrong measurement by user etc. So in this situation there may chances to lose critical information which will lead to the inappropriate data in the hands of the user, and the user taking a wrong decision. Enterprise resource planning enables you to store data and achieve consistent and accurate business growth.
This is the major part of every business. Every process or functionality has measure based on the documentation. If user need to check profit, loss, past record, future targets, customer and vendor information then only the report is solution for tracking chart. ERP enable you to easily track all information via automated reporting and interactive dashboards. It will give you accurate information in real time that benefits the organization to maintain graph of profit and loss, customer service etc. which is helpful to grow the business.
You are a Sales Manager handling various geographies with a team highly capable Sales representatives and Partners to reach out further to your audience. While, most of your time should be involved in taking strategic decisions, you realize that most of your time goes in making different reports from excel and filtering duplicity if any. There is a lot happening in the moment and you as a Sales manager, should not be wasting your time behind futile and monotonous exercises. What do you do then? You are convinced that you need a dynamic business application tool which will help you not only save your time but also help you in taking strategic decisions. You are convinced that your organization needs an ERP System, but how will you manage to convince your CEO for the same?
This may sound as a cliché but it is one of the primary functions that an ERP helps you do. An ERP helps you in automating monotonous tasks and helps you align all your processes and departments on single platform, hence making information flow without duplicity easier and faster.
Report generation is important to any department as it helps in forecasting and taking strategic managerial decisions. Report creation though on the other hand, is a very cumbersome task which usually involves spreadsheets and excels and manual calculations. Apart from time taking, reports generated by this method cannot be generated at a moment’s notice. An ERP software gives the management the ease of generating any kind of report at short notice also.
Transactions happen real time and round the clock. They are not restricted in a time limit. For a Global or even for a domestic company, it is important to be updated with inventory and customer related information round the clock so that you do not miss out on any important opportunity or any conflict with a customer. Access from anytime and anywhere also means that you are able to go where the real business is happening and close deals faster with knowledge in your hands. Follow-up and real time updating also help in saving a lot of time.
While you are getting ready for ERP, you will notice that the world has already moved from the traditional ERP to dynamic ERP with with Social Media integration for better interaction with the customers. Social listening for a brand is very important and clubbing that with the power of an ERP and CRM – Social CRM, will be very effective in quality engagement with the prospects. SMAC (Social, Mobility, Analytics and Cloud) when clubbed with an ERP is sure to give you better results and wider reach.
To know more about which ERP suits your business needs, SMS SAGE to 56767. You can also write to Sage Software Solutions Pvt Ltd at firstname.lastname@example.org