Benefits in companies that use ERP

Why are companies that use ERP more successful?

Companies that make use of ERP have the opportunity to streamline and automate their processes, creating a more effective, accurate and efficient operation. This is because ERP provides a complete view of core business processes. ERP platforms optimize systems through superior resource tracking and reporting, database management and overall improved information systems. They also allow your business to expand without the addition of IT staff.

We could see ERP systems as the brain of your business because of their analytical features. Also, because of their ability to control the different areas of the organization, ensuring that they all function properly and collaboratively.

On the other hand, companies that make use of ERP can integrate all facets of the business, including product development, manufacturing, marketing and sales. By synchronizing all these departments, companies can gain visibility, increase productivity and operational efficiency, reduce costs and improve competitiveness.

If you're considering implementing ERP software, upgrading your existing system, or even if you're not sure if you need one yet, it's worth understanding the benefits that an ERP system can bring to your business. Therefore, we share with you some of them to give you a better idea.

The benefits that companies get from using ERP

It adapts to the needs of each company

This kind of software usually works in a modular way, which means that they are highly customizable tools that allow adding or removing functions as required by the organization.

Optimizes work processes

Companies that use ERP will have the opportunity to gather data on the performance of different activities. They can later generate reports that they can analyze in order to find areas of opportunity, errors and losses, and thus make the necessary corrections.

Eliminate duplicate data

The manual execution of tasks represents the possible risk of making mistakes, one of the most common is the entry of duplicate data. An action that over time produces errors, and is a waste of time and effort. An ERP system will be capable enough to identify the information that is already in the system, so as not to register it again.

Increases competitiveness and lowers costs

Companies that use an ERP usually have a decrease in their expenses for several reasons. Mainly by reducing errors and losses, and by streamlining the supply chain. In addition, these platforms help to make optimal use of resources, improving return on investment and profitability.

Provides a modular and scalable approach

As mentioned earlier, ERP systems are modular, so you can add or remove as many functions as you need. This makes it a scalable tool, as it can be customized as the company grows.

Maintains better control and traceability

Process tracking is one of the fundamental activities of any company. The use of an ERP helps to monitor the production of items from planning to distribution. This provides greater control when making decisions and correcting unforeseen events.

Promotes internal communication

One of the biggest internal obstacles in organizations is the lack of effective communication. Companies that use ERP reduce barriers because this software facilitates the interconnection of areas, real-time monitoring, data accessibility and homogenization of objectives.

Increases productivity

Employees often lose time during their workday due to different factors such as searching for information in disorganized databases, manual data updating, report creation, calculation of results, among others. A company that uses ERP helps to save time in these tasks in order to use it for more detailed activities.

Automate repetitive tasks

Modern business collaborators have more and more tasks to perform, many of them are tedious and repetitive, so they become an unnecessary distraction. ERP systems have scheduling and automation features so that these tasks can be executed without the need to invest time and effort.

Helps satisfy customers

The main goal of organizations is to satisfy customers, as doing so increases reputation and profits. Companies that use ERP have a higher success rate in this regard, as they can accurately view and monitor orders, buyer stages, billing information, their previous purchases, their requests, and, therefore, their needs. Having all this information at hand helps to deliver a memorable experience and motivate future business opportunities.

How do you decide if your company needs ERP?

Every business is unique and faces different challenges. Now the question is, how do you know if your company needs an ERP? The following parameters indicate that you should consider using an ERP system soon.

Staff spends too much time on tasks that should not be done manually.

You don't have quick and easy access to the data you need to make business decisions.

The business works with several vendors or suppliers in different regions or countries.

You have many different applications that you have implemented for your business over the years, but they are not connected to each other

You can't monitor the inventory level every day

You need too much time to search for information, try to increase productivity and efficiency and integrate various functions in your business

There are too many silos of information, your staff cannot collaborate or share information easily with each other

You can't access critical business information and data when you're out of the office

You address problems when it's too late; in other words, you can't be proactive when it comes to identifying problems in your business process

If most of the above points are relevant to your business, it's time to start evaluating the various options out there. Don't forget to perform a proper analysis of your business and team requirements, as well as scalability, flexibility and modular approach. These will help the software you decide to use increase in functionality as your business grows.

Implement the ideal system for your company

Now that you know the benefits and advantages of ERP within a company, you should identify all the challenges your organization faces and the solutions required.

Gain real-time visibility of your entire business with 24/7 access. Increase your ability to understand, monitor and control multiple organizational systems with unprecedented access to all facets of your business. Be part of the companies that use ERP and give your employees a smarter way to meet their goals, learn more by clicking here!

Have you been convinced of what an excellent solution ERP software can be? Maybe you are considering the idea of integrating one of these systems to your company, if so, we recommend you to learn more about its benefits. As an official Oracle NetSuite partner, we can advise you so that you can customize your ERP system depending on the needs of your work team, boost your business capacity by implementing this solution!