ERP stands for Enterprise Resource Planning, it enables a business to manage all the components of their business in one place, it features "modules" that work together to automate processes.
An ERP can often be built specifically for the organisation's needs, combining elements such as accounting, CRM, staff management and more. By automating many of these day-to-day back office tasks, businesses can become more efficient, and staff have more time to concentrate on business innovation and growth.
Not only does ERP combine the essential functions of a business into an automated platform, but it can also help businesses focus on their core functions such as manufacturing, product planning, marketing and development.
One of the best things about ERP is that everything can be managed from one central place, eliminating the need to jump between tools. Staff can access the areas they need to carry out their jobs, with the entire business working towards the same goals with minimal intervention required from the IT department.
There are lots of benefits, so we’ll just mention a couple:
Streamline and automate your core business processes to help everyone in your organisation do more with fewer resources.
You can create real-time business intelligence dashboards, so you can monitor your KPIs in easy-to understand charts based on live data, which can help you make informed decisions quickly and easily.
Fast-track business and financial reporting and easily share results. Act on insights and improve performance in real time.
Maximise business visibility and control, ensure compliance with regulatory requirements – and predict and prevent risk.
By using integrated ERP applications that share a database, you can simplify IT and give everyone an easier way to work.
With efficient operations and access to real-time data, you can quickly identify and react to new opportunities.
What makes ERP such an effective tool for businesses is that you can mix and match the modules you need, rather than having to buy a huge software system with features you may never use. It means businesses can cut costs only using the features they need. For example, if parts of your business operation are managed externally, such as finance or HR, you don't need to add on those modules.
ERP platforms are extremely flexible, and modules can be easily changed as your business grows. For example, if you bring HR in house, you can simply tag on the HR module so your new HR staff can use the same system you're already using.
There are three different types of ERP implementations – cloud, on premise, and hybrid. Explore the benefits of each and choose the one that makes the most sense for your business.
A cloud-based ERP solution doesn’t have physical hardware, the computing resources are maintained in remote data centres. The Cloud is particularly valuable to small and medium-size businesses (SMB’s) because it provides access to applications at a reasonable price without a substantial upfront expenditure.
Run your enterprise resource planning software in your own data centre – for maximum flexibility and control.
Run some of your ERP applications in the cloud and some on premise with hybrid ERP, also known as two-tier ERP.
If you’re interested in learning more about ERP software and how it could benefit your business, drop us an email [email protected] or call 01482 210999. One of our experts would love to help.