Business Benefits of Enterprise Software Solution

In this competitive world, enterprise application integration has become a very critical concern. The extensive ideologies and approaches around this concept prove that enterprise data integration solutions are extremely significant. A survey carried out by RightScale has shown how application integration solutions are getting adopted rapidly.

More than 93% of companies in the US use business applications, this indicates that the prospects for IT vendors providing enterprise application software are bright like never before. Before delving into the benefits of EAI let us understand the concept and approaches to it.

The Concept of Enterprise Application Integration

Enterprise application integration services remove the gap between several computer programs. It also helps the employees in managing data through simple interfaces. The main goal of EAI is the effective use of data that is generated by the different departments.

Among the applications that need to be integrated one can list:

• Supply Chain Management (SCM)
• Customer Relationship Management (CRM)
• Business Intelligence
• Human Resources
• E-commerce systems

These programs fall under the category called software-as-a-service (SaaS). As per research by Gartner, around 75% of companies that provide services that are related to IT, use around 6 applications on an average.

Approaches to Software Integration

• Databases, as well as applications, are attached to an engine which gets and manages all the notifications which come from several channels;
• Point-to-point link – Enterprise applications are linked to one another through one link. Such enterprise application integration systems are easy to build, even though there is a limit to their scalability.
• Enterprise System Bus solutions – This is a multiple layer solution for numerous IT companies that utilize numerous complex business applications. The system allocates data processing operations among the other parts of the network.

The selection of the EAI method is dependent on the organization's goals and the intricacy of the IT infrastructure.

Benefits of ERP Software

1. Competitive Advantages: It’s true that ERP software requires a major investment, but there’s also an even bigger cost in not making the investment. Implementing the software helps to keep you ahead of the competition because you no longer run the risk of making costly business mistakes, which could place you behind the pack instead of ahead.

2. Improved Process Efficiency: Think of ERP as an extra hand and brain, designed to keep businesses on track, noticing every detail and making work life easier and more efficient, from software users down to its customers

3. Accurate Forecasting: With stronger forecasting, businesses can effectively decrease business costs, which saves money as well as become a more overall proactive unit. Since the information within ERP is as accurate as possible, updating in real-time, businesses can make realistic estimates and more effective forecasts.

4. Department Collaboration: The beauty of ERP software is that it updates in real-time, so no matter if you are using ERP software in the morning, afternoon or from a remote location, the opportunity to communicate, share information and use data is always available and accurate.

5. Cost Savings: If you’ve chosen the right solution for your business, and the right vendor who meets your needs, you’re bound to see a powerful ROI. ERP software is available to help you become smarter about saving and spending when necessary.

6. Mobility: Do you often have time-sensitive projects that have hard deadlines? Use ERP at home, in the office, wherever, through our mobile-friendly solution and application.

7. Increased Productivity: ERP was designed with ease of use in mind, as well as giving businesses a break from long-winded tasks, allowing you to shift your focus toward other matters.

8. Customer Service & Leads: Additional features including lead scoring, which helps with searching for leads to move through the sales pipeline, social media monitoring and email campaigning, which allows users to track the status of their campaigns. WorkWise ERP also integrates with CRM, which is designed to strengthen the relationship between a business and its customers.

Disadvantages of ERP Software

With so many benefits of ERP software, you may be ready to start comparing systems. However, it’s equally as important to understand the disadvantages of this type of software to make sure ERP is the right system for your business. Let’s look at four of the most common disadvantages of ERP that companies have reported after implementation.

1. Cost of ERP:?Some ERP solutions may be too expensive. Researching ERP solutions within your price point can help spare you from spending more money than originally anticipated.
2. ERP Success Depending on Software Experience:? Not knowing exactly how the software works means there is a greater risk of making costly mistakes and spending long lengths of time trying to make the software work for you, which leads to a lack of productivity.
3. Not Purchasing a Customizable System: Spending money on a system that does not have all of the bells and whistles that your business needs is essentially a bad investment that is a potential waste of company money.
4. ERP Resistance:?It may take some time for employees to get used to a new ERP software, which can lead to it not being used to its full extent, which makes it hard for ERP software to truly serve all departments that make up a business.

Why You Should Invest in ERP Software

Ultimately, even with these disadvantages, ERP software is still a key ingredient toward building a successful business. The benefits of implementing an ERP system in your organization outweigh the negatives because ERP gives your company a competitive and financial boost while improving company productivity, collaboration and communication. The upside to the listed disadvantages is that with thorough research, your business can avoid making any of these mistakes.