The pace of modern business seems to get faster and faster. And while keeping your business agile is something everyone knows is important, achieving a high standard of efficiency and room for strategic planning can be tricky.
The Secret Ingredient Of Best-In-Class Organizations
Highly successful companies often share a common approach to operations: ERP. According to a recent study1, 70% of Best-In-Class companies have moved to a standardized ERP implementation.
But for many businesses, the realities of day-to-day operations come down to a mixture of siloed applications and manual business processes. Although this kind of structure can function well enough, there are disadvantages that accompany it — inefficiency and time lags can decrease profitability.
What ERP Can Do For You
ERP can move your business beyond outmoded processes, making your business leaner and more adaptable. In short, ERP:
- Increases efficiency by automating business processes
- Improves decision making by providing business intelligence and analytics
- Provides integrated applications that share information, allowing users to quickly and easily find the data they need
When you compare the efficiencies of an ERP with laggard or average companies, the standout feature is the use of stand-alone applications to manage various operations. Having a separate application for each task makes obtaining and sharing information across a business very difficult. Information is rekeyed into different systems, reducing operational efficiency.
Here are a few of the key ways ERP can make your business better.
Reducing manual processes is a powerful means of supercharging efficiency. Liable to human error, manual processes can corrupt important information and leave customers with an uneven experience. ERP solutions eliminate these problems by automating the processes. Automated processes are not only faster and produce fewer errors, they note exceptions. Managers can act on alerts and respond more proactively.
2. No Task Too Big Or Small
And ERP works across your business to integrate operations. It can automate:
- Human Resources
- Accounting and Finance
- Customer Resource Management
3. Supports The Way You Do Business
You might think that standardization would entail a rigid solution. One of the best features of ERP is the flexibility it brings to your enterprise. The unique way that you do business, the ways you and your team work, can be supported by an ERP. IT can bring an outside-the-box perspective to processes, configuring them to meet your workflow requirements.
4. Multi locations? No Problem
Multiple locations, subsidiaries, divisions, global offices, extended supply chains – complex organization brings its own unique challenges. ERP solutions can streamline processes as well as make data available to aid collaboration.
The flexibility of ERP allows you to achieve standardization, but at the same time lets you customize solutions to meet the needs of individual divisions or locations. ERP solutions support global operations, accommodating different languages and currencies.
5. Reporting And Analytics
When it comes to analyzing data in modern business, real time access to information is critical. ERP eliminates the need to import information from various applications into a spreadsheet. Flexible search features yield reports quickly in real time, speeding up the accuracy and efficiency of decision making.
More and more companies are turning to ERP to reduce inefficiency and improve over all performance. Flexible and adaptive to real-world business needs, an ERP can increase your profitability.
Want to learn more about the ways ERP can improve your business? Contact us today and learn how ERP can take the hassle out of operations and improve workflow.
1 “ERP in the Midmarket 2009: Managing the Complexities of a Distributed Environment,” Cindy Jutras, Aberdeen Group, August 2009.