Enterprise Resource Planning (ERP) is a system that allows companies to manage all core business activities in one place, where organizations can automate data transfers between ERP systems and other tools, such as CRM or e-commerce platforms, to reduce manual work and keep their data synchronized.
Most people link ERP to digital accounting and financial management, however, it also benefits all other business functions, including manufacturing, supply chain, procurement and trade, so why does your business need to use ERP? The answer in the rest of the article, read on.
What does ERP do?
The ERP system, as we indicated at the outset, is a system capable of integrating information from different business departments, accelerating their transmission through the company and allowing decisions to be made on a more solid and stable basis. It is a tool responsible for the company's various internal processes, whether it be at the production, distribution or even human resources issues.
ERP has a number of uses for companies, but mainly, for example, the ERP cloud system is used from enterprise Fekrait Software, to hold all important data of the enterprise in one place, ensuring that it is safe, orderly and accessible, and also means having an ERP system (ERP) you only need one software to track all moving parts in the enterprise; So nothing is lost in some long-forgotten spreadsheets.
Why does your business need to use ERP?
Now that you know what the ERP system is? And what does it do, let's also know why your business needs to use ERP?
1. Increased efficiency
ERP Cloud enables you to know exactly what inventory you need for each function and when you need it. ERP also allows you to automate many of your processes so that efficiencies can be created across the entire production process. This means less duplication, better scheduling of resources and less downtime.
2. Need for better jobs
In today's accountable society, many functions require accurate traceability, working in supply chains for key sectors such as aviation, automobiles or defense does not allow any room for error or delay, if you wish to bid on - And winning - contracts in these sectors, you will need an ERP cloud system from Fekrait Software, where it can provide full tracking, manage your inventory levels, schedule production floor and manage a lot of other functions.
3. Reduce errors
ERP provides you the opportunity to significantly reduce human error, when departments use their independent systems, incorrect or inconsistent data can be entered into each system, with ERP software (ERP) Cloud from Fekrait Software Enterprise, everything is put together, so information needs to be entered only once, as this information flows through the entire system, with each section accessing the correct original data.
4. Consolidation of data and access to real-time information
Without all your data in one place, it's hard to make big decisions about what to do, ERP typically includes a dashboard showing your KPIs and tagging any exceptions, the importance of having your data in one system is that all the information about the request is in one place. - From initial enquiry to invoices, giving you easy access to every job.
5. Quality Certification
Some industries and companies require their suppliers to adopt quality, while accreditation can be a long process, it is much easier with a good ERP system, and therefore you need an ERP system to support the overall processes of your business and ensure standardization and standardization of processes, checks can be integrated into the ERP system (ERP) to ensure compliance with procedures, leading to consistent quality business practices.
How does ERP work?
Our ERP system can help different departments connect their data, automate processes, and accelerate growth by:
You can use the ERP system to process suppliers' invoices, analyze financial information from different sources, create invoices and credits for customers, and manage credits, and real-time dashboards provide you with a complete overview of the organization's financial statements, making it easier to make more informed decisions.
Thanks to ERP automation capabilities, you can reduce manual work and focus on ensuring regulatory compliance instead.
You can rely on ERP to evaluate employee performance, update employee information, create budgets and staffing plans, accept leave requests, and manage preparation activities. The system also allows you to track and improve employee engagement and productivity.
Sales, Marketing & Support
Using the ERP system, you can access all customer data, including preferences, order log and previous interactions, in one place, allowing you to deliver a consistent experience across all contact points, thereby improving the overall customer experience.
Supply Chain Management
ERP allows you to monitor inventory levels, place purchase orders, anticipate demand, allocate resources appropriately, and plan future production. Automating the tasks associated with planning and executing supply chain operations also helps you reduce costs and improve overall efficiency.
How to choose a suitable ERP system
Here's what to consider when choosing an ERP system for your business:
1. Regulatory Requirements
Regardless of which industry you operate in, you should look for an ERP system with robust IT security policies, look for risk management standards such as industry certificates and security audits to find safe and high-quality solutions that you can trust, and that's what you'll find in the ERP cloud system from Fekrait Software organization.
2. Local Publishing
Think about the ERP deployment model you want to use, you can choose between within the company, cloud and mixed, local deployment means that the ERP system will be installed, run on computers and servers within your organization, so you will not be able to access it online, and you will need the IT team to maintain it.
In case of cloud deployment, ERP systems are web-based and delivered via a network of remote servers, so, you can access them from anywhere and on any device. In addition, the system provider maintains the system and provides preparation and training, just as in the ERP cloud system of the Fekrait Software Organization.
ERP enables enterprise data flow, making financial and operational data and transactions accessible to all departments via a centralized database, thus An effective ERP system has the ability to integrate all management elements of your company on the same platform.
1. <<5 Essential Benefits of Choosing an Efficient ERP System>>, readwrite
2. <<Reasons to Use ERP Systems in Businesses>>, enterprisetalk