Enterprise Resource Planning

Basically, Enterprise Resource Planning (ERP) is a software tool that integrates the database of

information of the organization. It systemizes routine tasks and makes the business process

simpler. The fundamental goal of utilizing this tool is to improve operations and this give more

time to employees to work on intuitive tasks. Optimizing the operations and objectives can help

in enhancing the revenue efficiencies and margins whereas developing communication across the

organization. It is considered to be unique software that can deal with many or almost all various

aspects of business. ERP is an end-to-end solution having many features such as accounting,

manufacturing, inventory management, analytics, human resource, and CRM. The advantages of

ERP are following,

Focused IT Costs: ERP is considered as a huge investment, although, it assist in improving

efficiency and integrating the IT cost. Organizations spend a lot of money on different system for

optimizing the efficiency and managing systems. However, making only one investment into

ERP software can save money and time for company.

Total visibility: The main selling point of ERP is the benefits associated with its utilization. It

gives the total visibility by allowing data from every significant process of the business to be

easily accessible the managers and senior managers.

For instance, one can monitor the level of inventory on a regular basis. This also allows to screen

the future deliveries that will be received and in transit inventory. In this way, an organization

can see the where they stand and control precisely their working capital.

Improved Reporting and Planning: Apart from better insights and visibility, one of the main

advantages of ERP tool is improved reporting and planning. By implementing this software in all
the departments of the organization, it will have a single reporting system. Having a unified

reporting system one can have access to important analytics and reports at any time. This tool

makes the organization capable to compare and analyze functions in all departments without any

need of numerous emails and spreadsheets.

Improved Efficiency: Using ERP software reduces the costs of IT and training. It decreases the

time and effort needed in the workforce to perform daily operations. If it is implemented

properly, it can immensely decrease the tiresome manual procedures. Freeing up the employees

will give them the chance to focus on more important tasks. The system similarly helps in

enforcement and adoption of the best business procedures that aligns all the actions across the

organization.