7 Things to Love About ERP?

An Enterprise Resource Planning (ERP) system is software that allows a business to bring together a range of different business functions and activities into one solution. It provides visibility across a business, optimises how efficiently your organisation runs and allows your employees to work collaboratively with each other, your customers and your supply chain.

ERP technology such as Epicor Kinetic, provides you with everything you need, to manage every part of your business, in one, all-inclusive, fully-integrated solution.

ERP software allows you to handle (and significantly improve!) processes across the following departments:

• Financial Management
• Customer Relationship Management (CRM)
• Sales Management
• Project and Contract Management
• Production Management (MRP)
• Job Costing
• Supply Chain Management
• Service Asset Management
• Business Intelligence and Analytics
• Global Business Management
• Governance and Risk

As you can see, ERP systems have the ability to revolutionise a business, but what are some actual tangible benefits of implementing an ERP system?

Here's what we think are the top 7 reasons you should 'fall in love' with ERP software!

1. Improved Efficiency: ERP software integrates different business processes into a single system, reducing the need for manual data entry and eliminating duplicate efforts. This streamlining of processes leads to faster and more accurate information processing. They also specialise in automating routine tasks such as invoice processing, inventory management, and financial reporting. Automating workflows reduces the likelihood of errors and speeds up these processes. By streamlining processes and automating workflows, time is freed up for more important tasks and strategic activities.
2. Better Decision-Making: Making great decisions that benefit your business is impossible without centralised data. ERP systems provide a 'single source of truth', or a comprehensive view of the organisation's operations and performance. This enables executives and managers to make informed decisions based on accurate, up-to-date information.
3. Increased Visibility: An ERP system provides access to real-time data from different departments and functions via a comprehensive dashboard that displays key performance indicators (KPIs), business metrics, and other critical data. This provides a quick and easy way to access an overview of the organisation's performance, identify areas that need attention, track progress over time, and ultimately make better decisions.
4. Enhanced Collaboration: ERP systems provide a centralised platform for communication and information sharing between departments. This can help breakdown silos and foster a culture of shared goals and accountability, that in turn, aligns efforts, increases motivation and drives performance. Many ERP systems (including Epicor Kinetic) offer mobile apps that enable employees to access the system from anywhere, any time. This makes it easier for employees to stay connected and collaborate, regardless of their location, supporting the organisation's efforts to be more productive, efficient and ultimately, more profitable.
5. Scalability: ERP systems are designed to be scalable, meaning that they can grow and change as the organisation does, making it easier for businesses to add new products, services and locations as they expand. Utilising tools and capabilities such as improved process automation, better resource management and increased visibility, allows a business to grow and evolve leading to increased efficiency, productivity and profitability.
6. Cloud Accessibility: Cloud has been an increasingly important aspect of ERP systems in recent times. It offers many benefits that the business can leverage to achieve increased efficiency, productivity, and profitability. Cloud-based ERP systems can be accessed from anywhere (as long as the user has an internet connection), allowing for flexible access to the data and tools employees may need. There is also generally a lower cost of ownership associated with cloud-based ERP systems. They are typically offered on a subscription basis, that is often more cost-effective than a more traditional on-premise ERP system. Cloud-based ERP systems can also be scaled up or down as needed, ensuring that the ERP system remains a good fit for the organisation, even as it evolves. Finally, contrary to some beliefs, cloud-based ERP systems are typically hosted in secure data centres, providing businesses with a high level of data security and protection for their data.
7. Improved Customer Experience: An ERP solution can help with customer experience by providing centralised customer data, improved communication, faster response times, and better inventory management. These capabilities enable businesses to deliver a seamless and consistent customer experience, leading to increased customer satisfaction and loyalty.

ERP systems deliver so many benefits to organisations and improve the way they operate, which is why they are loved by users.

Don't wait for the right ERP solution to come to you!

Let's start the way all good relationships should start, with a conversation. Speak with one of our ERP solution experts today by contacting us to arrange an obligation-free consultation.

Even though you cannot ask an ERP system to be your valentine, you can take the first steps to developing a meaningful relationship, where, together you can be more efficient, make better informed decisions, save time and money, and adapt and evolve with your ever-changing needs ?

Inspired to take action? Connect with us today:?

1. Break Through the Bottleneck Consult:?Take a deep dive to uncover the root cause of a business problem that is hindering your efforts to grow and learn what you can do to unblock congestion points for game-changing results, with our free 1–2-hour workshop.
2. ERP Kickstart for Success Consult:?Get started on your ERP journey by understanding how to build a compelling business case for investing in an ERP software solution. This free 1–2-hour workshop will provide you with quantified information that will help stakeholders in your business drive effective change.?
3. Discovery Call:?Interested to discover how ERP can help optimise your business operations? Or just want to have a chat about anything ERP related??Book a 15-minute informal discussion with one of our ERP specialists today.
4. ?Precise YouTube Channel:?Our hub for sharing resources, business improvement measures, ERP solution product information, and thought leadership insights. Your 'go to' channel for how best to achieve the harmonious management of people, partnerships, processes, capital and equipment.