Why Do You Need an ERP System?
ERP stands for Enterprise Resource Planning. Enterprise resource planning (ERP) is a business process management software that allows an organization to use a system of integrated application modules (ERP) to manage the business and automate many back office functions related to technology, services and human resources.
If you’re thinking Finance, Supply Chain Management, Human Resource Management, Payroll, Procurement or any other process, an Enterprise Resource Planning Software (ERP) helps integrate all of the above and much more.
The specific reasons companies invest in ERP solutions vary, but typically, process standardisation and automation leading to cost reductions and productivity enhancements top the list. A wide variety of customized ERP solutions and implementation exist in the marketplace. Most offer the same core functionality, while features and specific operations and ERP support differ. An ERP system seeks to streamline business operations by integrating the data and refining the processes required to operate an organization. Many companies that implement an ERP system discover their company has many functional silos. In other words, very little integration exists from one department to the next.
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ERP Helps Process Automation-
Helps manage important tasks on a daily basis across an organization and reduces operating and overhead costs.
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Less Errors, More Efficiency-
Achieves operational efficiency by getting rid of error-prone, manual processes.
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Better Communication, Higher Productivity-
Availability of real-time communication within an organization allows rapid responses and managed coordination.
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Better Information Management-
Automatically processes transactions and generates reports making processes such as accounting more accurate, faster and smoother.
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Better Performance Management-
Empowers organizations to be more receptive to rapidly changing tactics to address new customer requirements as they emerge.
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Simplified Compliance and Risk Management-
Enhanced reliability and accuracy improves overall financial management with less chance for errors.
