Have you ever heard the saying, “if you do something more than twice, automate it”? ERP systems help you eliminate those repetitive tasks that consume valuable time and energy in your organization.
“ERP” stands for Enterprise Resource Management. In simple terms, it’s the software that automates business functions like production, sales, quoting, accounting and human resources. Imagine integrating all of your business information in one place, or streamlining legal and compliance workflows. Imagine an up-to-date reporting system that gives you a quick overview of your financials whenever you need it. Imagine freeing up more time for your staff to focus on customer service rather than data entry. If implemented properly, ERP systems can give your business all of that and more.
Businesses of varying sizes can benefit from ERPs, and they don’t need to break the bank. In fact, advancements in cloud technologies have made ERPs much more affordable—and easier to implement!
Here are some of the common benefits of implementing an ERP solution:
- Unify your applications: no more copying and pasting or repetitive data entry. ERPs provide a single source of truth for all of your business-critical data and tools.
- Improve your business insights: real-time reporting helps you see the information you need, when and where you need it.
- Boost collaboration: reduce human error and streamline workflows by enabling users to share data in contracts, requisitions, purchase orders and more.
- Consistent infrastructure: from the back to the front office, give all of your business processes the same look and feel.
- Reduce your risk: data integrity and financial controls give you full oversight.
Companies that successfully implement ERP systems find that they have more time to focus on customers, innovation and business growth. Once you’ve decided to explore ERP system options, it’s important to ask yourself the following questions:
- Does the specific vendor’s system align with your business needs?
- Can you get enthusiastic buy-in from your internal stakeholders, specifically your employees?
- Can you make time and resources available to train your employees in the new system?
- Do you have data back-ups and a contingency plan in place?
- Do you have consultants you can trust? Be sure to check references and timelines to ensure alignment.