Can ERP Improve you Business?

WHAT’S ERP?

Enterprise Resource Planning (ERP) is the integrated management of core business processes, often in real-time and mediated by software and technology.

ERP helps map out, plan and organize processes across a business. A modern business consists of various modules performing multiple functions (sales, marketing, human resources, R&D, accounting, etc.)

ERP software integrates information of each of these business functions to provide a centralized consolidation of data. ERP simplifies the data to help you make a decision for the business.

Once implemented, you will find there is so restructuring that needs to take place and some changes that need to happen. The success of ERP implementation is dependent upon good project management.

With ERP implementation, a company can automate its business processes according to its own unique set of rules. With this automation you can eliminate a great deal of manual work and human errors.

Some of the tasks ERP can automate include:

  • Making postings to a general ledger
  • Preparation of financial statements
  • Preparation of monthly and yearly budgets
  • Tracking data to assure adherence to a budget
  • Accounts receivables, billing and collections management
  • Management of accounts payable
  • Defining and supervision of rules relating to budget management and cash dispersal
  • Assurance of compliance with regulatory, tax and other local, state and federal reporting requirement
  • Management of many currencies and languages in global marketing
  • Product data management
  • Production schedule management
  • Work order management and shop floor control
  • Scheduled maintenance and equipment lifecycle monitoring
  • Inventory and warehouse management
  • Logistics management and supplier evaluation and ratings
  • Customer relations management
  • E-commerce and e-account management
  • Tracking customer preference
  • Employee performance management
  • Payroll administration and benefits tracking
  • Training, development and skills management

ERP software can help give you a real-time, live view of your business functions and practices. Contact us to know more about ERP systems and implementations.

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