What is ERP?
ERP refers to ‘Enterprise Resource Planning’ software which integrates various functions of a business into a single unified system. A business, irrespective of size, has to deal with various function like purchase management, sales management, material management, payroll etc. Having a separate system to manage each of these functions is a nightmare. Here is why Enterprise Resource Planning (ERP) software helps the business.
Enterprise Resources Planning (ERP) systems bind various functions of the business into a single database. The following are some of the important business functions you can manage using ERP software.
10 Steps of Successful ERP Implementation
Step 1: Identify the Stakeholders and Business Objectives
Step 2: Define Project scope – What, When, Who, Where and How?
Step 3: Do a Current System Study
Step 4: Customisation work, if required
Step 5: Data migration
Step 6: End Users training
Step 7: System Integration Testing (SIT)
Step 8: User Acceptance Testing (UAT)
Step 9: Go Live preparation and Live
Step 10: Post Go Live Support
What Are the Benefits of ERP Software Systems?
By integrating various facets of the business, it optimizes the efficiency at which you manage your business and immensely contributes to profitability. The following are some of the benefits of ERP software.
- You only need one system to manage all your business functions. This will save a lot of money which you would potentially invest in buying multiple software systems, tools, applications etc.
- Since it is designed to have a single database, it allows all the users operating at different functions to work faster. Thereby, the efficiency of each function increase
- By automating the various process, it saves a lot of time and efforts involved in managing the business process and computing it
- All the reports and statements are system generated
- Gives a complete view of the business and insights for confident business decisions
Read More on ERP
What is Enterprise Resource Planning System, ERP Software for Small & Medium Business, ERP Software for Manufacturing Industry, ERP Software for Distributors & Wholesalers, Types of ERP Software System, Features of ERP Software, ERP Software Advantages, Custom ERP Solutions
