Since its introduction in the 1960s, ERP has gone through various transformations. From its earlier analog versions that were no better than calculating machines, it has reoriented itself to present business needs. Today, they are capable enough to store a long list of multiple vendors, build smart contracts, and perform trivial actions without any human intervention. They are fully loaded with digital capabilities that increase business competency. Talking from an environmental perspective, they have reduced paperwork to a bare minimum.
ERP (Enterprise Resource Planning) software is the go-to tool for managing your business needs — right from resource planning, order management, vendor management, account management, human resource management, customer relationships, product distribution, etc. The ERP software streamlines the entire process by packaging all these functions into one system.
Information silos — the confinement of data within a department — that once threatened the survival of businesses, have been uprooted. All thanks to enterprise resource planning software that helps facilitate interdepartmental communication. This allows different departments to collaborate and work as a combined unit for the company as a whole.
According to research by Aberdeen, ERP systems significantly reduce operating costs. They improve inventory returns by 57%, increase the cycle time from order to shipment by 20%, grow complete and on-time shipments by 18%, reduce operational costs and administrative costs by 18%, and 16% respectively.
The same research also tells that enterprise resource planning software helps companies grow faster. It helps increase productivity by 73%, make the process cycle time faster by 75%, and increment the customer response time by 75%.
Also, research commissioned by Sage in Europe and North America shows that mid-market companies with improved data quality, usability, intelligence, and mobility register an increase of 35% in their revenue than lower-performing companies. That's an annual increase of USD 980,000 in revenues for a company that earns USD 42 million in gross revenues.
Sage X3 is a full-fledged enterprise resource planning software that provides you an edge in your industry. It's flexible, faster, and simple to operate and will take your business to the next level. It has been specially designed keeping in mind your business priorities. i.e. getting new customers, reducing your operating costs, and growing your revenue. Our ERP software has proved its mettle by lowering operating costs and removing inefficiencies.
Simply put, Sage X3 ERP software helps your staff spend less time looking for data and gives them more time to act on it. It provides a simple-to-use yet engrossing web experience with advanced functionalities. One of the reasons why it is being adopted by users at a fast pace is that it provides a multi-browser experience. Thus, it can run on the browser of your choice — Google Chrome, Microsoft Bing, Mozilla Firefox, etc. Another benefit of ERP is that it provides a role-based functionality. This means that users no longer need to depend on different modules such as Inventory, MRP, Ledger, MES, etc. Instead, role-based workflows are defined and are configured for each user's role. It improves their productivity and allows them to work faster because they don't have to move in and out of the application now and then. Everything can be done at the click of a button. The following example illustrates this further. Consider you are a customer service representative. Your job is to answer customer queries. To ease your work, Sage X3 ERP software customer inquiry workflow will help you confirm an order, determine the current location of the order, and also confirm the shipment date through the same window.
Mobility is one of the most important benefits of Sage X3 ERP due to many reasons. First, it allows users to access the ERP from multiple mobile platforms — including Android, iOS, and Windows. Second, the expense management feature allows users to auto-scan and pre-fill expense details, and upload receipts on-the-go. Third, the customer field allows creating a database that holds account information such as name, address, contact number, and customer financial data. It also tracks key customer sales, order entry, and customer service details. Another application of ERP includes the creation of commission structures based on margin, sales revenue, and quota attainment. Commissions can also be paid a receipt of payment from the customer. Also, it allows sales representatives and managers to gain online visibility of commissions and quota attainment. Additionally, ERP software also manages the purchasing workflow. It handles the stock and non-stock items, allows vendor selection at the item and user level, and documents the presence of capital items or non-stock items. It also provides a 360-degree view of inventory across the supply chain. It groups items under different categories and provides end-to-end real-time visibility for effective analysis and control. The ERP system also provides the ability to create your app with the mobility toolkit.
An ERP system provides control over 5 different features. They are as follows.
According to the research conducted by Aberdeen, small business managers take about 11.5 days to know about the events impacting their businesses. One of the most important advantages of ERP is that it provides real-time dashboards that help monitor key performance indicators. It helps make better management decisions, increase employee efficiency, and improve overall business performance. It provides a dynamic audit trail that tracks schema changes and before/after values including those items that have been deleted. It provides export units in multiple formats including PDF and Excel for distribution. More benefits of ERP include statistics and inquiries for sales related matters such as total sales amount, total sales cost, the total number of products sold, total sales margin, etc. The ERP system benefits don't end over here. They also provide self-service analytics. This allows users to perform queries and generate reports through the use of non-programmatic methods. Thus, they don't have to depend on an IT department to support them. Furthermore, an ERP system also has advanced business intelligence that provides predictive analysis and enables you to create successful strategies for the future. Additionally, it provides real-time data that helps users to make decisions on accurate data rather than intuition. Furthermore, it enables ERP software to build reports in any format that the user requires. Business intelligence tells where the business stands and brings clarity in day-to-day activities.
Responsiveness is a core element of an ERP system. This is because of the following reasons. First, it provides simple access to inventory by determining the robustness of the SKU item master file. This includes monitoring product costing methods and calculating when a product will go out of stock. It also streamlines the analysis and purchasing functions. Second, it creates quotes by considering various parameters such as accurate tracking of the involved costs — including labor, outsourced operations, materials, equipment, etc. It also eliminates the tedious data-entry process and employees no longer have to complete quotes by hand. The benefits of ERP systems also include seamless group collaboration. This means teams can work together from remote places without any difficulty. Furthermore, it also supports the creation of business process mapping. These maps tell what a business does, who is accountable for what task, and the different steps that are needed to be taken to accomplish the task. The best way to measure the responsiveness of ERP systems is to check how frequently they send notifications and alerts. Sage X3 provides notifications through messages and mails so that you always know the current situation of your business.