ERPs and all about them
In the past, businesses and organizations functions such as financials, supply chain, operations, reporting, procurement, manufacturing, and Human Resource activities, were managed vastly different on separate systems, than we know of today. But now, thanks to ERP, we can focus on these processes while also helping businesses grow.
ERP is an acronym for Enterprise Resource Planning. This effectively allows these processes to be integrated into a single system. Since it’s made up of several applications, this essentially allows the apps to talk to each other and share a database.
How Do ERPs Work?
As stated before, an ERP’s job is to manage the company’s logistic, accounting, distribution, manufacturing, procurement, inventory, sales order, Customer Relationship Management (CRM), Material requirements planning (MRP), and shipping. This fluid system allows all processes to collaborate and run more efficiently.
Types of ERPs
- On-Premise: This type of ERP will run from your data system; usually implemented in-house and maintained in a physical office space.
- Cloud: This intelligent technology will run off-site, with digital and faster assistance. Ex. One example of this would be Infor’s CloudSuite.
- Hybrid: This incorporates both On-Premise and the Cloud. Also known as a two-tier ERP.
What Are the Benefits?
- Faster and Accurate Reporting
- Improved Insights
- Higher Productivity
- Enhanced Customer Service
- Low Risk
- Reduces Operating Costs
- Promotes Strategic Planning
How Do I Know If I Need An ERP?
- If you find your business not running up to speed.
- You want a stronger security system.
- Your current software is limiting your market expansion.
- You are currently using a manual technique to process your data.
- Your current strategies aren’t working.
- Customer expectations are not being met.
So, when you considered all the advantages of an ERP, it’s clear. You’ll not only have access to advance accurate information and data, but a faster running time, while eliminating downtime, lowering the cost of business, and increasing your business practices. Before choosing an ERP, you’ll have the option between Infor, Microsoft, Oracle, SAP, and much more. Nevertheless, Cendien should be your first step to helping you choose, and implement your choice on how you want to improve your business.