ERP Systems are key to organizational improvement. Many organizations of today have transitioned into implementing ERP systems that have helped with business processes and their redesign. It has also helped organizations to implement better procedures, build ownership in processes, and improve task responsibilities. The right IT Solutions for business can help organizations to take right strategy decisions through accurate reporting and business process management.In a recent project for ERP system implementation, we have witnessed several key ways that these systems have helped the organization. We feel that these are the critical most elements that an ERP system can help your organization with:
In a recent project for ERP system implementation, we have witnessed several key ways that these systems have helped the organization. We feel that these are the critical most elements that an ERP system can help your organization with:
• Integrating Business Processes and Modules Together
ERP Systems when implemented can bring together several key business processes and modules together. From project management to financials, and from supply chain to human resource management, all processes can be integrated. Considering that such systems are designed to integrate not just on the financial level, but also on the approvals and data level, this brings great benefits to the company. This helps with collaboration, business automation, data sharing across departments. It also helps add to organizational efficiency by cutting down on paperwork, unnecessary follow-ups or integrating data silos.
• Analyzing Key Data and KPIs
Data analysis becomes a whole lot easier with ERP Systems. Organizational data is now available at a central location instead of being in silos. KPIs, SOPs, and SLAs can be implemented through ERP Systems allowing departments and employees to focus on their core tasks. All data is in a central location and departments are integrated with each other, data snapshots are singular without having to use spreadsheet solutions to report key data. This allowsfor better, accurate and complete reporting. Users can also benefit from dashboards that show complete data from all integrated modules.
• Approvals Become Easier
Most ERP Systems come built-in with approval engines that allow for several different types of approval workflows to be configured for various tasks. Most organizations work with several approval chains for different processes such as procurement or employee induction. In such cases, ERP Systems are equipped to be configured for task approvals to take place on several levels. ERP Systems also allow for customization to such workflows if in cases organizational approval policies do not fit.
• Singular Solution to Multiple Technological Silos
ERP Systems come with another added advantage. Instead of several different solutions for separate business processes, ERP Systems can allow for a singular solution. This solution can work on various processes, across departments and business operations. With effective data migration and configurations, ERP Systems can replace other silos of technology systems, as well as for data silos.With an ERP System, organizations can also bring various IT solutions together through integration allowing for separate systems to run as they arebut bringing all datainto a singular platform for easier reporting and analysis.
• ERP Systems Can Grow With The Company
Organizational responsibilities tend to grow as time goes. With the right ERP System, organizations can focus on their growth and continue to mold their ERP System according to the needs that come up. For example, new workflows can be configured, new reports can be customized, additional fields can be added, and more forms can be customized. Each unique need of an organization can be countered through the choice of the right ERP solution.