What Is ERP and How Can It Benefit Your Business?

jerrymorgan January 1, 2021January 1, 2021

Did you know that the implementation of ERP led to business process improvement for 95% of companies?

If you are ready to see your business rise to the top, you must have ERP solutions. But don’t go in blindly — first you need to know what ERP systems are.

So then, what is ERP, and how it can benefit your business? Keep reading to find out!

What Is ERP?

Before getting into the benefits, you need to understand what ERP is. In short, it’s an acronym that means “Enterprise Resource Management.”

This is a process that organizes and gathers data with integrated software. ERP software has automation applications that control business functions like sales, production, accounting, quoting, and more.

So what is enterprise resource management, exactly? It facilitates a company’s operations through each department. Enterprise resource management tools improve the handling of business resources like staffing and even raw materials.

ERP can be used by media, developers, and vendors. How does enterprise resource management work for all of these people? Because it is intended to serve every department by creating a better business process.

There are a lot of enterprise resource management tips out there that can show you the advantages of adding it to your business. For one, you can learn how XSOL can help with ERP implementation in your company.

When you follow ERP tips, you can expect these benefits as a result.

1. Streamlining Workflow

ERP systems streamline workflow by revolutionizing visibility. Before ERP, companies saw a lot of problems including coordinating between worksites, updating specific parts of the business, or an issue with a production partner.

With ERP systems, you can stay in the office while getting real-time details about what is going on in your distribution centers and manufacturing plants.

2. Data Analytics

Running a business is impossible with inaccurate data. ERP has intelligence tools that collect data, provide analytics, and reporting methods. This makes it easy to make changes within the production process as soon as necessary.

Knowing the data of the past is important for the future. You can use old data to forecast what will occur later on in the business. You can use this data to share with your team to keep everyone on the same page about KPI metrics.

3. Scheduling Tools

With customizable scheduling tools included in ERP solutions, you can easily organize when people come in for shifts, when inventory gets delivered, and when you need maintenance.

Putting this schedule into one calendar allows all of the departments to see what is going on and when.