What is ERP?
Enterprise Resource Planning (ERP) systems allow organisations to run their operations by collecting, storing, interpreting and managing data from all business functions. Below are the core modules:
Why do organisations implement ERP systems?
There are countless reasons why organisations of all shapes and sizes use ERP. However, organisations often choose to adopt ERP when they are prompted to by the following challenges:
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Unsupported legacy systems.
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Inconsistent data that is full of duplications.
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Opaque spreadsheets.
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Siloed sources of information.
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Departments relying on separate, disjointed information.
The business value of ERP
After initial investment, ERP systems can have a strong ROI. Read the list of benefits below to understand how this can be achieved:
Better management: Having a clear overview of the organisations output allows business leaders to make informed decisions.
Improved user experience: Repetitive and simple tasks are automated, giving employees more time to spend working on important things.
Standardisation: With the addition of ERP, Business processes can be made uniform across all functions and operations, to ensure employees work at a particular standard.
Data security: Utilising advanced security protocols, ERP systems effectively safeguard data from cyber-attacks.
Data integrity: With an integrated data structure, these systems present a unified source of information, facilitating better decision-making.
Comprehensive analytics: With ERP, data can be easily extracted and converted into understandable reports and dashboards. And access to real-time, accurate data allows for easy decision making.
Better collaboration: By automatically sharing information between team members and different divisions, ERP systems improve productivity, teamwork and collaboration.
In summary
ERP is a complex topic and there are a lot of things to consider before jumping in the deep end. Download our free eGuide to explore the core features, benefits, ERP lifecycle, and how we can help you kickstart your project.
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