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- ERP (Enterprise Resource Planning)
Enterprise resource planning (ERP) is business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back-office functions related to technology, services, and human resources.
ERP software typically integrates all facets of an operation — including product planning, development, manufacturing, sales, and marketing — in a single database, application and user interface.
Why ERP Software is Crucial for Your Business?
Efficiency
Eliminating repetitive processes, ERP is helpful in reducing the requirement to manually enter information. This way the system streamlines business processes making it a lot more easier and efficient for companies to collect data.
Integrated information
You don’t require to distribute data throughout numerous of separate databases and you will find all the information located in a single location. This way the data is consistent as well as up-to-date.
Reporting
Reporting becomes a lot more easier and customizable with ERP software. With enhanced reporting capabilities it’s easy for your company to respond to intricate data requests a lot easily. The users are allowed to execute their own reports sans the need to rely on help from IT.
Customer Service
When you use an ERP system you get high-quality customer service, it’s a lot easier for sales and customer service people to interact with customers thus improving relationships with them, via faster and a lot more exact access to customers’ information and history.
Security
With a new system, you get better accuracy, consistency and data security. This way you can even improve the restrictions to data.
Reduced operating costs
Yes reduced operating costs is among the most immediate benefits of implementing an ERP, such as lower inventory control costs, lower production costs and lower marketing costs.