Enterprise Resource Planning (ERP) can be described as a system that integrates a company’s departments and automates every department’s functions while at the same time ensuring that it is making it easy for every department to perform its tasks. Not having ERP in an organization is such a loss to this organization since there is no time minimization while performing tasks and also there Is poor communication channels among the workers of such an organization.
Various benefits come with having an ERP system in an organization. In line with the field of marketing, it helps in showing the performance of the business wholesomely. This provides a guideline for identifying areas that are lagging behind and need to be improved. ERP is a source of well analyzed information involving clients which helps in knowing about their needs better. With this a company is able to tailor make its marketing system and also improve on the methods used when communicating to customers.
ERP helps to save a lot of time in any organization. This happens when most of the processes that eat up much time are automated. Some of the activities that ERP automates include; reporting and analyzing, sales and order processes, receivables and payables, resource planning and job allocation, automation of stock, and sales and order processing.
In relation to matters communication, ERP facilitates its effective flow through departments. This increases the ease by which employees get information from the various departments in the company. This assists in streamlining activities of each departments with the other departments. This gives a clear picture of the business as a whole. With this the company’s finances are better managed.
In the modern day, too much paper work is not required. ERP assists in minimizing it. ERP helps in making sure that the information passed on is accurate. It also helps in generating a database for customers that can be used in any application. The process by which new technology is introduced into the system is made easier by the help of ERP
With the right system of ERP in place, the employees of a company are able to concentrate more in revenue generating. Efficiency of an organization is highly improved by the help of ERP. This is because all the business processes are all integrated into one platform. Hence all the data and the flow of work is well coordinated from one department to another.
Generally speaking, ERP reduces time wastage, increases efficiency, improves communication, reduces business risks, ensures data security and reduces the cost of risk management among other benefits. It is therefore very important for every business out there to install an ERP platform in their system in order to get all these and more. ERP services can be gotten from reputable organizations at rates that are customer friendly.