If there is one system that most of the companies implements nowadays, it is the ERP. Enterprise Resource Planning is a system that automates core business functions such as inventory and order management, accounting, human resources, customer relationship management, manufacturing, and others. These various functions are integrated into a one system which improves company’s efficiency and productivity significantly.
Investing in an effective enterprise resource planning has been a priority of many businesses ever since. In fact, the 2016 ERP Report from Panorama Consulting Solutions revealed that over 81% of organizations are either in the process of implementing ERP software or have already completed implementing an ERP software into their company’s system. With this huge number of companies relying on ERP, there is no doubt that it is indeed a system worth investing for.
Here are some of the reasons why it has been considered as an indispensable tool or any business today:
By integrating the core functions of business into a one, enterprise-wide system, a business is able to streamline their once disorganized processes, saving them a lot of money along the way. Eliminates the need for an independent system for each department so the amount of time and cost associated with training additional users for different systems is also avoided.
- Efficient Data Sharing
It allows its users to upload, edit, and share critical data to other key personnel in the company. This seamless data sharing capability improves the quality not only of the deliverable but the communication between employees as well. A more pronounced work collaboration in a business makes every output more precise and on-point.
- Improved Productivity
Using an outdated resource planning module to run your business is not only expensive, it also degrades the productivity level of your employees. With ERP Software, your workforce will not only experience a more efficient system, their attitude towards the task – even if it’s a distressing and repetitive – will also change, increasing their productivity level in the process.
- Agile Decision Making
Many of the most successful business today knows that enterprise resource planning software is a vital tool not only to improve operational efficiency but also as a key resource when making critical business decisions. Having said, many of the modern ERP software today allows C-suites to access even the most vital information real-time through cloud technology. Cloud-enabled ERP systems are not only a more cost-effective option, it also allows small businesses to track their key metrics and analytics real-time.
With those benefits, it’s almost impossible to think that a company would still be hesitant to invest in this type of system. However, it is also important to take note of the impact of it on your own company’s most treasured stronghold- our employees. In this infographic, let us learn the different factors that affect our employee’s performance, and why investing in ERP software can help address these issues effectively.