ERP stands for enterprise resource planning. Enterprise resource planning (ERP) is a general term for the types of systems that help businesses track and manage their CRM, sales, finance, production, inventory, and other essential operations.
It is a type of software that manages all aspects of operations within an organisation. It can be used by any size company or industry, but most commonly by organisations with multiple employees.
What is ERP software and Why Your SME Business Needs One
Businesses need ERP software because they help them manage their everyday operations more efficiently. A functional and modern ERP software also help them create better customer service experiences.
ERP software allows businesses to access all the information they need in one system so they can make better decisions about how to manage their tasks and best allocate their resources.
ERP software can help you manage your company wide data, automate your business processes, and track your operations seamlessly. All your transactions can be tracked and accounted for in one place, so that you will know where you stand at all times.
This is vital with today’s economic climate; with money tight, businesses need to make sure they are getting goods out on time and serving their customers timely whilst making correct and informed decisions.
In today’s digital world, ERP software is an essential tool for any company who wants to do ‘connected and streamlined business’.
What are the key considerations in choosing an ERP system?
We put together a quick guide on how to choose the right ERP system for your business. It summarises some important considerations in making an informed decision.
Here are key considerations in choosing an ERP system:
Functionality: Is the software capable of handling all aspects of your business? Or do you need to tailor it so that it manages some unique aspects of your business.
Integration: Does it come with integrated functions, such as customer relationship management (CRM) module? Is HR module built-in?
Cost: How much does it cost to implement and use the software?
Timescales: How long will it take it to implement and go-live? With no or very little disruption to your business.
Companies must weigh their needs and priorities to determine which features are most important to them when they make their choice.
That means looking at things like how many people will be using which parts of the system.
Benefits of Having a Cloud based ERP System For Your Company
Cloud-based ERP systems have a lot of benefits. They can help to improve the efficiency of your company, reduce IT costs and much more.
A cloud-based ERP system is an online solution that allows you to store, manage and operate your company’s data in one place.
The advantages of Cloud based ERP systems are plenty. One of the most important benefits is the reduction in IT costs which means you don’t have to spend money on IT infrastructure or software licences.
Conclusion: Ensure Success and Growth of Your Business with Cloud based ERP Software
In today’s business environment, the demands on information technology have increased dramatically. Businesses must adapt to meet client needs and remain competitive in their industry.
ERP Software is the backbone of some successful businesses today. They are used by organisations of all sizes and in all industries to manage and report on their operations.
ERP software can help companies to manage their business processes easily. It also improves the quality of service delivery, reduces costs and boosts efficiency.
If you want to discover how ZEST I/O can help your business, please get in touch with our team. We will be delighted to discuss how our Cloud based ERP software can help your business and improve how you manage your business.