07 September, 2019
ERP or Enterprise Resource Planning is an enterprise-wide information system that facilitates the flow of information and coordinates all resources and activities within a business organization. It functions typically supported by the system include manufacturing, inventory, shipping, logistics, distribution, invoicing, and accounting. Some solutions now also include customer relationship management functionality. A wide variety of business activities including sales, marketing, billing, production, inventory management, human resource management, and quality control depend on these systems. It uses a centralized database and usually relies on a common computing platform and provides the user a consistent and uniform environment.
Why do YOU need ERP?
Any company, let it be a start up or an established business need proven methods to streamline operations and improve their customers’ experience to enhance their competitive position and drive growth – and the value of Enterprise Resource Planning (ERP) solutions is well established. Here are a few reasons why you should consider ERP systems for your business:
1) Cost Reduction
ERP unifies many of the systems that may currently be fragmented in your company. From product development to accounts payable, your staff will be able to access all the necessary tools for their job from one centralized system.
By unifying systems, you help your staff utilize their time more efficiently. With ERP, users don’t have to hunt down a piece of information across multiple systems. With the central database, information is much easier to retrieve.
2) Collaborations are improved
The centralized database is an integral part of what makes an ERP unique. With this database, you provide your company with a single source to work from. This reduces any errors brought on by working with the incorrect data, further reducing costs.
Moreover, all team members have access to the company-wide data they need. Because all of the data is compiled, stored, shared and accessed through a single system, there is no concern about how accurate, complete or secure the data files are.
3) Better Analytics
Since an ERP records and stores all the data users input, it makes for an excellent business intelligence tool. Reports that could take days takes just minutes.
ERP systems provide a customizable dashboard so you can see reports when they first log into the system. The ability to have access to these reports quickly enables you and your team to make better decisions more quickly.
4) Improved Productivity
An ERP system can automate your most dull tasks. The database within ERP software eliminates redundant tasks such as data entry and allows the system to perform advanced calculations within minutes. From this, ERP increases your company’s productivity, efficiency and profitability.
5) Happier Customers
The best way to improve customer satisfaction is to provide client-centered services. ERP systems are equipped with a customer relationship management (CRM) tool or can be easily integrated with one.
An integrated CRM can show you details such as order history and billing information. This enables your team to see your client in a way where you could gain a better understanding of their wants and needs. The increased customer visibility helps you formulate your sales strategy for improved lead generation.
6) Improved Inventory Monitoring
ERP systems keeps tabs on your inventory at every stage during the supply chain. It helps you keep track of inventory levels at warehouses, during transportation and when items are ready for consumers.
Inventory monitoring also bolsters reporting, as tracking technologies provide more accurate numbers. Users can configure see which products move the fastest showing greater demand and which increase carrying costs. With the greater precision provided by ERP, warehouse managers can get real-time data on their inventory to make more accurate business decisions.
VHESTA ERP SOLUTIONS
Finally, there is an ERP solution in Sri Lanka that offers the functionality and flexibility of systems and the budgets of Companies! VHESTA ERP solutions combines powerful functionality with a flexible, scalable architecture to deliver “full-function” ERP solutions. This web-based cloud based platform makes business processes easier enabling integration of various functions within the company such as sending automated quotations, managing accounts, receiving outputs of the profit and loss of sales and more to help small businesses reach their targets and goals.
To find out more about how your company can benefit from VHESTA ERP solutions, please visit www.vhesta.com, email firstname.lastname@example.org or call +94-777-00-58-77 now!