Enterprise Systems- The Backbone of Any Modern Organization

Over recent years, Digital revolution has become a beautiful reality of our lives. But have you wondered how equipped we are to see the potential and perils of the business and technology landscape.

At present, information technology has touched each and every facet of a modern enterprise starting from customer service to operations, social media, security and the list goes on. This has given rise to several jobs like mobile application developers, social media and business intelligence analysts, information security specialists, and data architects. Some of which that never existed in previous ten or twenty years ago.

Similarly, over the few years, Enterprise Resource Planning (ERP) Systems/Solutions have been exclusively used by organizations across many industries. Let me elaborate the term for you, these systems are meant to manage their business functions within a centralized and integrated system. Due to which companies can easily keep a track record of all the moving parts of manufacturing and distribution. Right from healthcare, nonprofit groups, construction, and hospitality. These systems have become the backbone of any modern organization. 

Getting Things Done With ERP?

Planning in detail is a must-do thing but when it comes to execution, the scenario can be entirely different. Below I would like to mention a few pointers stating why ERP is better than other solutions.

1. Cost Effective

Although ERP packaging still turns out to be a big investment, the program still ends up saving your money to a great extent. I mean as soon as you passed the sticker shock, it’s easier to find how these systems can provide an excellent ROI. Apart from this, this system comprising of unifying aspects can help your staff in utilizing more time and efficiency. Gone are the days when you required to hunt down each and every piece of information across a bunch of multiple systems. In today’s digital era, information is much easier to retrieve- all thanks to the emergence of a central database.

2. Centralized Structure

Of course, the features of an enterprise system can very much be depending on the program you are using. With the centralized database, one can have a single source of truth to work from. Errors brought on by working with the incorrect data are eventually diminished further reducing costs. In addition to this, a centralized database also reduces further hesitation and stalling during projects. The data can be easily compiled, stored, shared and accessed through a single system, there is no concern about how accurate, complete or secure the data files are.

3. Improved Production

If we try recalling all the traditional methods then I am pretty sure that some of the tedious tasks might seem to be impossible to finish. I am talking about tasks that involve generating reports, monitoring inventory levels, timesheet tracking, and processing orders have historically taken employee’s hours to accomplish and so more. In fact, such tasks end up lowering one’s moral and end up creating a more human error. Choosing an appropriate solution, the errors won’t just be eliminated but even allows the system to perform advanced calculations within minutes. As a result, ERP increases your organization’s productivity, efficiency, and profitability.

4. Efficient Risk Management

Business is all about managing the current and potential risks. Moreover, it requires keeping a track of a wide range of environmental, information security and human resources regulations. ERP software provides built-in auditing tools in order to assist with documenting things like chemical use and tax provisions. As a result, formulating reports and sending them over to the relevant receiver (governing body) becomes incredibly easy.

Speaking in terms of how these systems manage risks, ERP solutions have enhanced reliability and accuracy improve overall financial management due to which there is the least chance for errors to occur during accounting. You can even think of using forecasting tools which allow the user to predict events when it comes to demand, labor, and budget.

5. Customer Satisfaction

There's a basic strategy that grows every business, i.e. to satisfy customers. And do you what is one of the best ways to improve customer satisfaction, provide client-centered goods and services. ERP systems are equipped with customer relationship management (CRM) tool or can be easily integrated with one. With an ERP, your CRM has access to data across business functions. 

It may also interest you to know that these enterprise solutions can show you details such as order history and billing information. So that, your employees can gain a better understanding of the wants and needs of your potential clients. The increased customer visibility helps you formulate your sales strategy for an improved lead generation.

Jacob Johnson is working as a Content writer at Tatvasoft.com.au, a custom Software Development Company in Australia. Writing is fun for him he gets insight to serve his readers better.