Enterprise Resource Planning (ERP) software facilitates the use of a seamless system with integrated applications. It aids in automating various backend functions that in turn helps in managing the business better.
This software system has become the need of the hour for big businesses operating across industries. Smaller businesses that have incorporated ERP systems have seen an impeccable growth pattern. They are doing much better than their peers. If you haven’t opted for this new age software yet then it is time to reconsider your decision.
Here are the top five reasons your company needs enterprise resource planning software:
ERP software enables you to manage different activities across various departments via single platform. In any given organization there are several departments such as the finance department, human resources department, quality control, sales, customer service delivery and more. ERP software helps manage all these core business areas with a single system.
Data can be shared, transferred and accessed with ease within a single system. The process is simple and less time consuming. This helps in better coordination and communication between departments. It brings together all the processes for the betterment of the business.
Keep a Tab on Transactions
One of the most crucial aspects of a business is to keep a tab on the financial transactions. Doing so manually is next to impossible, particularly in bigger organizations. The task is tedious, nonproductive and there is always a scope of error. A centralised system such as ERP is the best solution for this. Keeping a tab on all the incoming and outgoing transactions is a breeze with this advanced software system. It also helps in maintaining transparency among different departments.
Most ERP software come with integrated accounting features that help in computing profit and loss and generating financial reports.
Empower Frontend and Field Executives
ERP is a great means to improve service delivery. It empowers the front end and field executives and helps in effective field service management. These executives get access to all the information related to the products and services of the company as well as previous interactions with the clients in a centralised unit. This information can even be accessed remotely. This helps the front desk as well as field executives answer queries and resolve complaints quickly and easily thereby providing a better customer experience.
Monitor and Control Business Activities with Ease
ERP provides access to information about various business activities on a single platform. You can monitor the same anytime you wish and from anywhere you want. This helps in keeping a check on the productivity of your employees and the overall performance of different departments. When you have all this data handy at all times you can take better charge of the situation and create strategies to improve business performance.
Keep a Check on Regulatory Changes
ERP systems are flexible and adaptable. Most of the ERP providers keep track of compliance and regulatory changes. They keep updating the software’s features to enable you to meet the latest requirement. The system also improves data security with its inbuilt firewall system.