What is ERP?
ERP stands for Enterprise Resource Planning. It’s a software by means of Business Intelligence (BI) that manages and integrates a company’s functions for manufacturing, supply chain, operations, reporting, human resources and financial activities. In modern terms, ERP is not limited to company’s functions integration but it can communicate with devices and evaluate business trends using applied Artificial Intelligence (AI) too.
What an ERP can do for you? – 10 Reasons to move to an ERP
ERP brings together Human resources, Inventory, supply chain, finance and business intelligence in to one integrated business process management software.
ERP stores all data in a single database and shared as per the enterprise’s norms, that can be organized and analysed to generate reports and journals a click away.
ERP manages the business functions within a centralised integrated system.
ERP benefits for those companies needing to manage staff, customers, contracts and inventory in a smart way.
ERP eliminates tedious tasks such as data entry, data analysis, report preparation, data monitoring, etc. This frees up labourer’s and managers time and increase in productivity eventually to increase in ROI.
Easy UI and readily available info for customers through Customer Relationship Management (CRM) tool makes customer happy.
ERP Improves profitability and supply chain relationships by maintaining Bill of Materials (BOM) with historical changes. Schedule and manage fixed assets preventive maintenance reduces its downtime.
ERP provides improved data analysis and reports easier and faster. Reports once designed can be stored to reproduce periodically. That will save your time a lot. Reports generated by many days of effort could be generated within minutes, even it can be automated.
ERP eliminates roaming documents around the departments and its queues by means of predefined workflows and access rights and reminders. No waiting for task assignments.
ERP ensures data availability 24×7 and 365 days around the globe, hence managers can view and act upon eventually same as in his own office.
Cloud and Own-premises ERP?
ERP on own premises may need a lot of investments such as servers, software AMC, firewalls, other infrastructures and its maintenance. Large companies used to manage multiple servers on different locations to ensure data availability.
Cloud ERP subscription is less expensive most of the time as it can eliminate all infrastructural and maintenance cost.
Cloud ERP provides better mobility choices irrespective of OS platforms and devices.
Cloud ERP systems can be affordable for small as well as large enterprises.
Cloud ERP ensures system availability around the globe regardless of company size or network.
Recent user acceptance trend emphasises the importance of cloud solutions in pandemics, civil wars, or natural or man-made disasters.
Work-from-anywhere could be applied anytime. Shared working hubs has been emerged in countries where has limited infrastructure facilities.