Transform Your Business with ERP : Unlock Its Key Features for Growth

What is ERP

ERP stands for Enterprise Resource Planning and it is a type of software or system? which is used by many different organisations to automate and manage their core? business process for optimal performance. It helps to interact between different business processes and enable the flow of data from different databases available in the organisation. It can also help you to run your entire business including Finance, Marketing, Human resource , Manufacturing and many more. It works as a central database for your business which collects complete information from all departments and gives complete insight, reports and also handover the internal control to the management. In organisations different people work on different data and different spreadsheets but many times we require certain data to be processed at our place so at that time ERP plays the key role to manage and flow the data internally.?

• ERP can save your time by automating the manual process and unlocking the different opportunities for business growth.

• It is a critical software or system which collects data from different departments and stored at one place as a central database, which allows management to check the complete pulse of a company in one sighting reality.

• Detail analytics and reporting on all departments like Marketing, Sales, Finance, Project management? and? Human Resource is a key feature.

• This ERP software can be deployed in different varieties like On-premise, Cloud and Hybrid but cloud based ERP is very popular in recent few years. The ERP variety totally depends upon the need and size of an organization.

• Before implementing ERP,? businesses should know and understand the capabilities, integration requirements, time to implement, model , variety and lastly the most important cost of the project.

Key features of ERP systems

ERP systems available in different size, scope, and functionality? but most ERP systems have the following features:

• End-to-End Integration: End-to-End integration means it interacts in all departments data quickly and shares the relevant insight. For example if anyone initiates a new order then it will automatically check availability , nearest distributor and also initiate the invoice if order is placed. All things checked at one place only.
• Real Time Data: As everything is checked from all departments in an easy way in real time so it reduces manual processing time and also it gives real data at that instant available in the central database.
• Central Database: A central database allows data at once for Enterprise and is used by different departments at different times. It improves the performance of the business.

ERP implementation

The majority of the ERP implementation is led by the management of the business after so many discussions and cross checking vendor , cost and timeframe of implementation. This implementation totally depends upon the needs and objectives of business.

• Before implementing, the Chief Technical and Chief Information officer discussed closely with the team to check the need of integrating our existing database with a new system for data migration and upgradation of our business infrastructure.

• As per the need of the business process different ERP available. It totally depends upon the challenges faced by business and as per requirement ERP is selected.

• ERP implementations result in new business processes, roles, user interfaces, and job responsibilities. Executive also guides the team for different features to be implemented while ERP selection.

• A business project manager and IT manager should interact with the program executive team. If a company hired an ERP implementation firm then the account manager from that firm should closely work with the IT team of the business for ERP implementation.

How ERP Firm structures the ERP Implementation

Management Approval: Before implantation, the ERP firm creates the document for approval. This document contains description of the ERP implementation objectives and scope, implementation costs and timeline, development and operational risks, and projected benefits.

Software Configuration: This is the most important phase of ERP implementation together with all the data from different departments and their requirements. Analyzing the need of business and correcting the gap between the new and existing system in the form of software analysis. It includes necessary customization , data migration check, all technical aspects and configuration with documentation.

Timeline: The timeline for ERP implementation is not a work plan, it is a plan defined for selecting the core team members, external partner for implementation , contract finalisation and system upgradation. By combining all it reflects the total time to implement the system as possible.

Deployment: Several activities must be completed before final deployment like training to the team , FAQ and support details, discussion on problems when ERP is operational, testing the complete system and go live decision by discussing with Management.

In such a way there are many benefits for ERP implementation in an organisation to automate the complete business process which reduces your time. As per the requirement and business objective? ERP is finalised.?

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