ERPs are a crucial tool for any business that can improve efficiency in multiple departments through one centralised system that allows for a smoother operation allowing you to focus more on the day to day running of your business and focus on your customer base. Many businesses however do not utilise this tool and fail to achieve the results they are looking for. Paapri is here to guide you into how an ERP is designed to help your business grow and achieve long-term success.
What is an ERP System?
In simple terms, an ERP system integrates all functions and departments within your businesses into a single streamline of information, synchronising reporting and providing simple automation across your entire organisation. As a result, an ERP enables you to enhance your business activities’ day-to-day running, such as compliance, accounting, supply chain, procurement, manufacturing, and project management and helps plan, predict, budget, and report critical financial results. In addition, this allows your business to gain real-time information on multiple departments through one single platform.
Benefit from the use of an ERP?
With the wide variety of ERP providers out there, it can be overwhelming for you to decide what is best for your business. The best software will be tailored to your business line that enables your business to achieve results.
The best ERP for your business will be unique to you and your business and dependent on your size, budget and needs. One ERP that may work for a multinational organisation may not be the best fit for a Startup. Before deciding what ERP would work for your business, it is essential to take notes on your specific needs and what you would want to get out of the system ignorer to find the best ERP to suit your needs.
Why are industries investing in an ERP solution?
An ERP can be seen as a hidden secret kept by many organisations due to multiple factors. An ERP can increase a company’s efficiency by reducing IT cost by 50%. ERPs are an invaluable tool in today’s business environment with many benefits to taking advantage of, including:
- Enhanced businesses reporting
- Improved inventory cost
- Cost savings
- Supply chain management
- Business process improvement
The impact of an ERP on your businesses?
One of the core reasons why an ERP is essential for your business long term growth is that it is a fully integrated system that allows you to run your organisation and operation in one system. In addition, the use of one system makes tasks easier as it saves time and money by eliminating the need to cross-reference and reenter the same data onto multiple systems and spreadsheets.
Having one system allows for more accurate data as it lowers the risk of incorrect data being incorrectly imputed, allowing faster return times, getting the information to you quicker, and making more informed decisions on your business’s needs.
ERP for project management
At the core, an ERP is designed to be a project management tool. The system is designed to provide you with the tools needed to plan and track the progress of your ongoing projects. The system allows you to keep track of all the significant milestones of your project with real-time data allowing you to track project status and completion times in one single platform. An ERP will enable you to have complete visibility over your business from a birds-eye view and oversee internal and external projects.
An external inventory management system alone will not optimise your business unless integrated into an efficient ERP system. An ERP is designed to integrate your inventory management system with the rest of your operation, making tracking inventory throughout the manufacturing process a smooth process.
An ERP allows you to track the stages of the manufacturing process, from monitoring the raw materials you have on hand to the steps of producing a product. This allows for a more effective production line and provides for a more in-depth and accurate financial report.
Customer Relationship Management
By simply integrating your CRM system with your ERP you are able to have access to real-time data and information of your customer base. This real-time data allows you and your team to gain real-time information and knowledge surrounding your existing and future customers and adapt to and hurdles along the way. With instant access to information, your team is able to find the information instantly increasing customer satisfaction.
One of the best ways to serve and retain customers is to know them better. Integrating your ERP and CRM software systems gives your team a more complete view by drawing information from sales, to accounts receivable, to inventory, to buying habits. Your employees can better understand customer needs, and even anticipate their orders before they come in.
At Paapri we know how essential an ERP system is in order to grow a successful business and with vast experience in multiple sectors ranging from manufacturing to financial, we are able to solve any of your unique problems with our unique solutions. Contact us today to find out how we can support your business in reaching its goals.