ERP or Enterprise Resource Planning is the integrated software system that binds and combines various functions of a company including, customer relationships, human resources, financials, production and more. All these are the primary functions of ERP, but this integrated software can also help in connecting the company to a variety of vendors and customers. However, before you move ahead to integrated this software system into your organization it is necessary for you to know What is ERP and its advantages.
Advantages of Enterprise Resource Planning
If you want to know What is digital transformation erp system singapore advantages, then you will be amazed to see the variety of benefits associated with it. Some of the advantages include:
- It helps in order tracking that improve customer relationship management
- It integrated all business processes and hence decreases the paperwork involved
- It effectively handles the financial information
- With the use of ERP software making wise decisions becomes easier for management
- It can be used to generate quick reports
- It is beneficial in reducing data duplication and it can process information quickly
- Enterprise Resource Planning guarantees ultimate security which is helpful in preventing the espionage
How Enterprise Resource Planning Can Help Plan your Business?
Finance & Accounting – The most crucial business area to monitor is the financial and accounting department and What is ERP system’s role in Finance and Accounting! ERP ensure that you have excellent overview of all the payments made to and from business and it allows you to keep tracking the cash management, budgeting, payables, receivables and more.
Customer Relationship Management – The second crucial things for the success of the business is the management of customer relationship. Customers are the king and they can make your business what it is. So, with the use of robust Enterprise Resource Planning system, you will be able to manage the customer care, customer service strategies efficiently and have in-depth insight into your sales & marketing strategies.
Project management – Knowing how your business manages the project management will offer you an insight into planning excellent management strategies for future. With the use of ERP system you can keep eye on all the sphere of project management, right from the inception to conceptualization, costing, billing and other aspects of project management.
Taking the benefits of an ERP advisor you can make certain that you will settle on the best decision and the ERP system will be executed in your organization.