ERP (Enterprise resource planning) Definition, Use and Benefits

What do we mean by ERP system? 

An Enterprise Resource Planning (ERP) system is high technological software that organizes, tracks and makes managing all business departments; finance, human resource, supply chain, manufacturing, sales, operations, reporting, and customer relations much easier.

At first, the businesses were paying their most attention on the finance and administration, so they implemented apps that only manage these two sectors. While other activities such as sales, inventory, recruitment, customer relations were marginalized though they are significant to the business success as well. 

Of course afterwards managers and business analysts realized the consequences of this action, and came to a conclusion that for a successful business workflow, all departments should be given the required attention and allocated the right resources at the right time. Also, the ERP system executed must fit to the size of the company and be able to fulfill its needs and get upgraded as the business grows in the future.

Why ERP was developed?

As we said earlier, the business apps were developed to serve one purpose or one function only, either finance, sales, or HR. and each one of these apps worked separately from the other which led to chaos and disconnection among business departments resulting loss in terms of resources. 

Therefore, there was a call for software that can fix this problem by bringing all the departmental processes together into one coherent system.

The modern ERP stores all entered data into a single database, allowing all departments to work with the same information. Additionally, all this data can be organized, analyzed and made into reports. That majorly enhances the communication between the different divisions and boosts the business movement. 

Why ERP system for your businesses?

An ERP system has many advantages. Its unique features organize all your business processes and manage the various company functions to help you have full control on all business activities, make data-driven decisions, and come up with better business solutions.

Let's see together the advantages of ERP system on your business:

1. Saving time and money

ERP links many of the systems in your organization together which allow your employees to access all the necessary data and tools they need from one integrated system.

By unifying the systems, your workers will utilize their time more efficiently, and your organization saves money with ERP as there is no need for users to be trained on several systems any more. 

Moreover, an ERP system reduces administrative and operations costs. It allows managers make better informed decisions and manage work at a single click.

2. Efficiency

Again being a centralized system, implementing ERP at your workplace makes your business more effective. It enhances communication among all departments and facilitates accessing data across several departments.

3. Flexibility

The new ERP systems are flexible and can be modified to fit whatever the business requirements and the customers' demands are. ERP system can be updated to easily adapt to the ever-changing needs of a growing business.

4. Scalability

ERP system helps business expand as it allows the addition of new users and functions constantly. It also can be easily customized according to customers' desires. 

5. Better Collaboration

Since in ERP system all the data is gathered, stored, and accessed through a single system, this foster collaboration among the various business sections giving by that a push to the workflow. 

6. Integrated Information 

In ERP system, since all data are connected and compiled in a single database, platforms like CRM software, Accounting Software, Warehouse management or Human Relations can be easily integrated to an ERP system to get more consistent accurate data, and manage your business in a blink. 

7. Reporting and Better Analytics

An integrated ERP system makes analytics and reporting easier, faster and more customizable. It enables the users to make the reports that usually take days of work in a few minutes, and the company to quickly respond to the complex data requests more easily.

8. Mobility

ERP system offers you a high degree of mobility. No matter where you are; at home, in the office or any other place, with ERP you can safely and easily manage your business, and get your work done. 

To conclude, Enterprise resource planning software's (ERP) unique features make it a strong competitor in the software market. It has a major impact on the success or failure of business as it integrates all data in a single database, improves collaboration and team spirit, accelerates business operation, helps making better decisions, and saves time and money.   

So, to have all these benefits and more, you must implement ERP system at your business. If you decided to do so, Boraq Group- an official Odoo Partner- with its highly experienced team of consultants and developers is more than happy to implement the software for you. Our team will promise you a successful ERP implementation and a long time support. 

Key words: Enterprise resource planning software (ERP), ERP implementation, finance, human resource, supply chain, manufacturing, sales, operations, reporting, and customer relations, Boraq Group, Odoo Partner.