ERP stands for Enterprise Resource Planning System. Sound scary right? Then let’s go with the easier one: ERP — is software that helps to store and process important business data like documents, databases, reports, and so on.Get a quote
It’s a crucial component of company management. ERP gathers everything needed for business operation, planning, and decision-making in one place and available 24/7 from anywhere in the world.
A lot of people confuse ERP with CRM or accounting software, so it’s important to understand the difference. ERP helps to manage all company’s resources while CRM, for example, works only for the sales department and nothing more. These days most companies have both ERP and CRM implemented. For them, CRM is just one of the sources that an ERP takes data from.Get a quote
First of all — manufacturing Currently, there is no better option for that. So if you produce anything and still don’t have ERP — just do it. ERP will instantly give you a lot of insights on how to improve your current operational processes and increase revenue.
ERP is also a must-have for companies that do the distribution. It will help them manage human resources, improve operations between different departments, and even branches of business.
And next and very important are where ERP shines is document workflow. Automating this process will drastically increase efficiency. Just imagine: a sales manager creates an invoice and an ERP instantly makes all accounting documents. Magic.
This is super valuable for businesses with branches in different cities or even countries. Every part of a company can use different software and have a unique approach to storing and processing data. ERP will unify all of it and make it possible to effectively manage the whole thing.
Not only it saves tons of time but also gives an opportunity to better understand all processes and their relationships. Just being able to analyze everything as a whole gives lots of unexpected insights and helps improve workflow and strategy.
Executives use ERP to have a real-time overview of what’s going on in every department. This gives a clear understanding of everyone’s performance, how effective are different expenses, and even helps to find and eliminate fraud.
ERP is capable of improving everything related to human resources from recruitment to payroll management. It gives complete control over KPIs, can make detailed reports on every employee or department, and even automatically calculate bonuses.
Even the best make mistakes, but computers don’t. With ERP t’s impossible for example to write something off a wrong warehouse, because system will just raise an error. What’s more important all accounting can be automized and stay safe from human errors. And even if anything still goes wrong a system will immediately send alerts to designated recipients.
After all and ERP is reducing managing costs just by making business processes more efficient.
For a small business, ERP may be too expensive and won’t make drastic improvements in a process. But as the company gets bigger and starts to gain separate departments it will become much harder to effectively manage the whole thing. So if you are struggling to get a whole picture of what’s going on in your business it’s a clear sign that you need an ERP.
And if your company is already big it’s much easier to figure out if you need and ERP — you just need it and that’s it.
Theory always sounds good, but we know that people in business better trust numbers. So now we are going to share some real-life results that a European retail company was able to get with an ERP we’ve developed for them.