5 Benefits of ERP You May Have Missed
Enterprise resource planning (ERP) was once thought to be too complicated, too unreliable, and too expensive. However, ERP software systems are now used in businesses of all sizes, aiding business practices and procedures in every department. An ERP system offers benefits for revenue, profitability, workforce, and productivity, but there are other benefits that are just as important.
There are many aspects to managing a business. Juggling all the pieces can be time-consuming and leave little time for anything more than daily business processes. Advantages can often be overlooked, such as the additional benefits your ERP system provides. Here are five benefits of ERP that you may have missed.
1. Community Support
Thousands of businesses use ERP software. Should you encounter a problem with your ERP software, there’s a good chance that someone else has experienced it, as well. By becoming involved with their ERP software’s user community, users can offer their input to help others who may find themselves in a similar situation. In these online communities, users can post questions, find answers, and receive support from their peers. The online community resources allow users to solve problems without the need for additional technical support or calls to outside assistance, which may incur additional charges.
2. Maintain Regulatory Compliance
With any organization, there are various and often numerous compliance standards and regulations it must meet. ERP software systems enable business managers to better navigate these regulations and ensure that the organization meets all guidelines, completes required forms, and submits them in a timely manner. ERP systems also helps managers find and access the forms and records they need and ensure that records are accurate and secure.
3. Eliminate Repetition
Another little-known ERP benefit is the elimination of duplicate information. By using the tools and features available, companies can centralize their business processes, allowing all departments to collect, share, and access data. This streamlining prevents data overlap and duplication. Data are therefore more efficient, timely, and accurate.
4. Room to Grow
One of the main goals in business is growth—growing the customer base, growing inventory, growing locations, growing profits. And, businesses need their technology to grow as they do. ERP software does exactly that. Most ERP systems include a growth platform, which gives companies a foundation on which to plan for both current and future business needs. The ERP growth platform is both scalable and flexible, ensuring that businesses have all the technology they need to expand.
5. Employee Confidence = Employee Productivity
Employee productivity isn’t a little-known benefit, but one of the best ways to increases employee productivity often is. When a company implements an ERP system and fully optimizes the tools and customization features, processes are automated, redundancies are reduced, and data become centralized. When business processes run more efficiently, the number of employee errors and problems decrease, which in turn helps increase employee confidence. A confident employee is a productive employee.
The common benefits of ERP system are well known—decreased expenses, mobility, customer service—but there are lesser-known but still important benefits that companies should be aware of. By examining all the available information and using all the available tool and features, companies are sure to find benefits to improve business.