Common features of ERP software
When comparing ERP software solutions, one needs to understand the functionality each option has to offer. Below we have listed the most common features found in ERP software systems:
Business Intelligence Software
Uses analytics to analyse and generate reports based on business data and helps companies make smarter business decisions.
CRM Software monitors interactions with leads (potential clients), customers, clients, or co-workers across departments.
The system's Inventory Management Software helps track up-to-date information about stock supply and maintain stock levels.
Supply Chain ManagementThe system monitors stock or equipment movements from one site to another.
Operates in Real-timeOften ERP Systems work in real-time as interactions or actions occur, which is handy for admin staff to monitor and react to these actions immediately.
Consistent User InterfaceERP software with a consistent user interface lessens the training costs and looks more professional.
Advantages of Enterprise Resource Planning:
- Improved Productivity:
Streamline and automate your core business processes to help everyone in your staff accomplish more with an all-in-one system.
- Increased coordination:
With efficient operations and instant access to real-time data, you can immediately identify and react to new opportunities on the system.
- Deeper Insights:
Switching to an ERP system eliminates information overload, so your team can get answers to business questions more quickly, and retrieve data from a single database.
- Quick and Accurate Reporting:
Fast-track business and financial reporting and easily share results. Act on insights and improve performance in real-time.
- Lower Risk:
ERP Software gives you better overall business visibility and control, ensuring compliance with regulatory requirements, and with a better financial overview, you can predict and prevent risk.
- More Manageable IT:
By using integrated ERP applications that share a database, you can simplify IT and give your staff a more consistent user interface, and an organised working system.
Competitive Advantages of Choosing ERP Software
In an era of rapidly evolving technology, companies that use an ERP software solution to streamline operations will receive benefits such as the following: