Enterprise Resource Planning (ERP) is a software application which helps to manage business and its operations and eases the manual labour. It controls the flow of data across the organization by automating the technology and service related back office functions for an effective decision making.
ERP software integrates or provides a central repository to all facets of an organization.
ERP software also provides analysis, visibility and efficiency throughout the entire organization, allowing decision makers to improve business operations such as accounting, order management, inventory, human resources, marketing, supply chain, and others.
Some Advantages of ERP software are listed below:
Increase in the efficiency:
Efficiency means quality productivity and that is what exactly ERP provides. ERP eliminates or decreases the daily wearisome process, so that the users have more time to focus on other projects and tasks.
Improved Communication and Collaboration:
Another advantage of ERP software is that it helps one to improve communication and collaboration between different departments, even when the offices are situated in different countries. This also enhances visibility which provides coherent workflows.
Low Operational Cost:
The ERP solution implementation comes with the most important benefits, i.e. operational cost reduction. The operation costs are within budget as ERP helps to co-ordinate with different departments of the business. This helps in the faster resolution for any problem raised.
Intact Data Security:
The most concerning issue is the security and ERP has got it all covered. With the ERP having a built-in resources and firewalls, a single data warehouse stringently monitors the access points controlling any data breach. The centralised information helps to improve the accuracy of the data as well.
Amidst number of benefits, scalability is one of its plus points with relatively ease in increasing capacity. With its automation feature ERP can easily reduce the growing tension of the expanding business growth.