And, as your business is challenged by a faster pace, higher customer expectations and tougher competition, it will become increasingly important to simplify workflows, minimise disruptions and automate repetitive tasks so you can stay ahead of the game.
This is where an Enterprise Resource Planning (ERP) system comes in.
An Enterprise Resource Planning (ERP) system is business software that allows you to coordinate and integrate multiple aspects of your business. Think of it as something that can give you more control over the nitty gritty of your day-to-day operations.
An ERP system can cover everything from organising inventory to automating orders, planning production schedules, controlling finances and managing customer relationships.
It can help your business to identify waste or inefficiencies, enhance customer service and enable real-time tracking and collaboration.
ERP systems are designed to tackle the challenges and problems your business faces and provide solutions that will allow you to better manage your resources.
It can be used across almost any area of your business including finance and accounting, human resources, customer service, manufacturing, project management, sales and marketing, and more.
An effective business automation solution will allow you to concentrate on your customers, understand which marketing activities are working and fast-track people through your sales funnel. When you use software to automate your marketing activities and repetitive tasks such as promotional emails and social media, you can focus on returning qualified sales leads, meaning your teams will be more aligned.
Scheduling software allows businesses and individuals to schedule and manage appointments, bookings, calendar systems, human resource information and other data. This type of software means you can work more efficiently because certain elements of your business can be automated and work in the background while you get on with other important tasks.
If you work in an industry that requires regular inventory orders and management, stock control software will be your new best friend. It can be used to track items at every stage of the logistics process, from purchase to storage, sale, delivery and even reordering stock to top up depleted lines.
One advantage of an ERP system is its shared database which allows multiple divisions of your business to access the same, current information. This means members of your sales and marketing teams can review the same figures for a specific customer for their reporting, while an inventory manager can see sales numbers to determine how much stock will be required for their next order. An ERP system can also synchronise reporting and automation. This means different teams within your business can do away with maintaining separate databases and shift to using one centralised program of information. For example, sales figures can automatically flow into financial reporting without needing to re-enter that same data
Overall, the benefits of an ERP system translate to improved efficiencies, streamlined processes and reduced costs which will allow your business to grow.
When determining which ERP system is right for your business, it’s important to consider one with a purpose-built foundation that can adapt to the unique requirements and quirks of your business and incorporate tailored services specific to your industry.
At inoutput, we create custom-built ERP systems that can integrate your existing databases while helping you to better manage the ins-and-outs of your business. Contact us for more information about ERP systems by calling (03) 9016 3066 or filling in our contact form.
Posted by Mat Hollingsworth
Wed, 27 Apr 2016
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