The Top 4 Benefits your Company is Missing Out on if you Don’t Have an ERP System
Managing a business is not always easy. Doing your best to keep your company running efficiently and smoothly can sometimes feel like a balancing act. This is especially true when you have to jump from program to program just to keep everything going. Maybe you have heard of ERP systems, but are wondering if having one would really make a difference in your daily operations. How can an Enterprise Software Platform (ERP) alleviate your frustrations and problems? Take a look at the top 4 benefits that your company is missing out on if you don’t have an ERP system in place.
1. Improved Financial Management – Enterprise software provides a real-time comprehensive overview of the company’s financial performance. At any given time you can monitor your company’s profit, income, and expense. Having the ability to see all of a business’s financials in one place assists in managing risk, improving financial control, and promotes better decision making. Additionally, ERP systems help to keep track of inventory levels as well as company assets.
2. Streamlined Business Processes – When all of an organization’s information and business processes are interconnected and visible on a single enterprise software platform, it allows management to see the “big picture” on how their organization is performing. When a company streamlines its business processes, it runs more efficiently, and managers can use data rather than conjecture to make better decisions. ERP systems are designed to automate manual procedures and repetitive tasks – freeing up employees’ valuable time to work on more beneficial assignments like strategy and development.
3. Increased Human Resource Efficiencies – With an ERP system in place, a company can easily make employee-related decisions based on consolidated past and present data. Managers can produce reports quickly, and some essential (albeit mundane) HR activities (like scheduling, reimbursements, time off requests, etc.) can be automated. Additionally, enterprise software helps HR ensure both internal and external compliance. ERP systems let businesses place functional controls on how information is accessed or shared, and also help to make sure that they follow government rules on wages.
4. Enhanced Customer Service – ERP systems assist in providing sales and customer service departments with a better and more effective way to communicate with customers. Since enterprise software consolidates data (and makes information sharable), the risk of miscommunication goes down. Plus, improved customer handling results in fewer frustrations and increased customer satisfaction.
If it is taking longer than expected for you to reconcile your financials each month, your forecasting is based on guesswork versus factual information, or it is becoming harder to keep up with all of your customers’ demands – it may be time to look into investing in an ERP system.
Virtutem can assist you in exploring different kinds of enterprise software platforms to find the right fit for you. As technology and business experts, we want to get to know you, and then help you implement solutions to reach your goals successfully. If you are interested in scheduling a consultation or would like some more information on how ERP systems can benefit your company, please
contact us today.