What Is ERP and what are the Benefits for Your Business?
Utilise the latest in software innovations to streamline how your business performs its core processes.
ERP is an industry acronym for Enterprise Resource Planning. Broadly speaking, it refers to automation and integration of a company’s core business to help them focus on effectiveness & simplified success.
Phlox IT Global defines the meaning of ERP
As one of the longest standing ERP vendors, we often get asked by prospects (and potential employees) to define what it is. The Information Technology industry is renowned for its adoption of acronyms, which are often widely used, but not fully understood. The term ‘ERP’ itself is not self-explanatory and refers to the business software that has been designed to record and manage your enterprise data.
An ERP system automates and integrates core business processes such as taking customer orders, scheduling operations, and keeping inventory records and financial data. This can drive huge improvements in the effectiveness of any organisation by:
Assisting you in defining your business processes and ensuring they are complied with throughout the supply chain.
Protecting your critical business data through well-defined roles and security access.
Enabling you to plan your work load based on existing orders and forecasts.
Providing you with the tools to give a high level of service to your customers.
Translating your data into decision making information.
Benefits of ERP for your Business
Integration across all business processes – To realize the full benefits of an ERP system it should be fully integrated into all aspects of your business from the customer facing front end, through planning and scheduling, to the production and distribution of the products you make.
Automation enhances productivity – By automating aspects of business processes, ERP makes them more efficient, less prone to error, and faster. It also frees up people from mundane tasks such as balancing data.
Increase overall performance – The integration of disparate business processes benefits by ensuring coherence and avoids duplication, discontinuity, and people working at cross purposes, in different parts of the organisation. The cumulative positive effect when business processes integrate well is overall superior performance by the organisation.
Quality Reports and Performance Analysis – Analysis will enable you to produce financial and boardroom quality reports, as well as to conduct analysis on the performance of your organisation.
Integrates across the entire supply chain – A best of breed system should extend beyond your organisation and integrate with both your supplier and customer systems to ensure full visibility and efficiency across your supply chain.
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