As your business grows, you will begin to see that more and more systems and processes are needed to maintain a good handle on things. Keeping your finger on the pulse when it comes to managing your company gets significantly more complicated with time, and you will need to implement solutions to deal with all the fundamentals. So, are there any ways to save on time and effort (and even money) while you lead your business down the path to success? It turns out there is, and this is precisely where a tailored ERP system comes to great use.
What is an ERP System?
You may have come across the term before, but because it covers such a broad range of solutions, it is hard to pinpoint its exact meaning. ERP is an acronym that stands for Enterprise Resource Planning – which gives you a hint as to what it is about. In its simplest form, it is a collection of integrated systems that manage the data behind a company’s resources. These resources can include just about anything, such as time, finances, staff, or property. Improving the efficiency of how these resources are handled leads to higher profits for your company, which means an ERP system is always geared towards streamlined success. It can be used in the supply chain to monitor and maintain everything from manufacturing to distribution, or it can handle any of the other moving parts of a business. It is a centralised, shared database that can be utilised across various departments for various functions – a “go-to hub” of sorts to view, manage, and work from the enterprise’s data.
Are There Any Advantages?
Think about all the various databases your company currently run (there may be far more than you first thought). Employees clocking in and out, security cameras, inventory or warehouse systems, order processes, sales reports, payroll, and even customer relations. Within sectors such as financial management, human resources, supply chain management, and business intelligence, you need something accessible, simplified, and able to automate tasks upon which you are spending too much time. An ERP system offers all this and more, and some of the advantages you can expect to get include the following:
- A single Enterprise Resource Planning solution to replace various programs and technologies. This means focusing your IT expenses and effort, which makes it easier for staff training and simplified access. You can always integrate any necessary third-party systems if needed too, but it remains an integrated database.
- Easier access to every aspect of your business operations means that problem-solving and improvements are precise and take less time. Complete overall visibility allows for tracking and managing processes, as well as identifying any issues before they become too serious.
- Planning and reporting are simplified because every department’s analytics are drawn from a single source. Automated reporting is also possible and saves you on time and any potential human error.
- You can customise your ERP system to suit your needs as a company, and select components that improve workflow, efficiency, and in the end, profits.
To help your business reach its full potential, we at Fourier IT offer planning, architecture, and implementation of ERP systems fully tailored to your requirements. Contact us for more information.