What does ERP software do?
This software comprises of several enterprise resource planning applications that talk to one another and share a database. ERP manages the day-to-day business activities of an organisation like project management, accounting, procurement, compliance, risk management, and supply chain operations, and more.
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:
Financial Management
Manages and monitors transactions between customers and the business, including quotes, invoice management software, payments and purchase order software.
Business Intelligence Software
Uses analytics to analyse and generate reports based on business data and helps companies make smarter business decisions.
CRM
CRM Software monitors interactions with leads (potential clients), customers, clients, or co-workers across departments.
Inventory Management
The system's Inventory Management Software helps track up-to-date information about stock supply and maintain stock levels.
Supply Chain Management
The system monitors stock or equipment movements from one site to another.Operates in Real-time
Often 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 Interface
ERP 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:
Enhanced Operational Efficiency:
With process automation and effective workflow management, an ERP application can significantly improve operational efficiency and productivity.Better data management:
Data mismanagement and disorder can deteriorate a business, preventing it from reaching its full potential. But with ERP software, individuals across a company can find the data they need in one system, rather than juggling multiple applications and preventing duplicate or inaccurate data.Informed business decisions:
Advanced analytics delivers more in-depth insights, giving decision-makers a more comprehensive detail and a better judgment of business initiatives. The reporting abilities of ERP software enable leaders to make more informed decisions for their business's success.If you want to organise your business processes, then Eworks Manager's ERP Software solution is the key. Try it out today for a 14-day free trial and see how we can transform the way you do business!
