With the rapidly intensifying competition in the global business environment, almost every enterprise today is concerned at trying their best to outperform their peers. For this, the companies strive hard to improve their work processes, enhance their efficiency, and aim at achieving higher customer satisfaction levels. However, with the growing complexities of modern business, doing all these has become extremely tough. This is the reason almost every company today, regardless of the fact how big or small it is or what its industry domain is, wants to embrace a competent ERP solution.
ERP or Enterprise Resource Planning is a software solution that automates the key processes of an enterprise and provides a common platform for quick sharing of data between various departments of an organization. Though, there are several different types of ERP solutions available today, each with their own highlights and drawbacks, but the common objective of almost every ERP solution is to offer better management control to the users to help them dispose of their responsibilities in the most satisfactory manner. A robust and competent ERP solution can do wonders for any organization and provide them with the edge to outperform their competitors. Some the main advantages of an ERP solution for a business organization include:
· * Automates processes: The key objective of any ERP solution is to automate the key processes of an organization. By automating the processes, an ERP solution not only reduces the redundancy of manual processes, but also plugs-in the loopholes to quicken the processes and increase their efficiency.
· * Single centralized platform: An ERP solution provides a common platform for all the key divisions/departments of an organization to help them quickly share critical business data amongst each other, and increase the overall productivity of the organization.
· *· Discrete management module: Many comprehensive ERP solutions like Microsoft Dynamics NAV or Dynamics GP offer discrete modules for individually targeting the key verticals of the enterprise. Such modules include Accounting, Manufacturing, Supply chain, Inventory, Human Resource (HR), Service, and Project management modules.
· * Time and cost saver: Implementing a good, high-quality ERP solution can act as a great cost and time saver for the organization by speeding up the processes and reducing the redundancy. The cost saving aspect of ERP solutions not enables the company to operate in a more economical manner but also increases its profits. Moreover, by cutting down the operational time, and the solution helps an organization to reduce its turnaround time and achieve higher customer satisfaction.