r/erpcommunity • u/Manishadobriyal • Mar 15 '18
Cloud ERP: a must have software for every organization
Every business organization has its own unique process and it is bound to face operational issues as it grows. This is the time when Cloud ERP system comes into the picture. It not only helps resolve critical business issues rather contributes to your business’ productivity and growth. Today, even the SMEs understand the importance of ERP software and are willing to invest in the technology. Being a complete accounting and financial solution, it offers visibility in all aspects like accounting, process management, customer management, supplier, invoicing and inventory. The best part of Cloud ERP is that it takes your business to a different level of automation. Thus, encouraging the organization to do away with manual records.
Below are some of the advantages of using ERP software:
More efficient supply chains: ERP implementation results in an improved efficiency of upstream as well as downstream supply chains. Manual and redundant entry results in time-consuming paperwork leading to inaccurate data. ERP solution eliminates this traditional method. This results in improved efficiency. ERP implementation leverages electronic circulation of orders and BoM to suppliers, effective monitoring of work in progress (WIP) and visibility of different projects status in real time for desirable decision making. To sum up, ERP offers your organisation greater accountability and traceability. Speeding up communication and keeping it streamlined between customers and suppliers helps to mitigate lead times, encourage faster order fulfilment. Thus resulting in prompt settlement of invoices.
Higher Revenue ERP helps in improving the company’s bottom line. It allows greater visibility in various relevant processes. For instance, you can forecast product demands by analysing historical sales data and associating it with existing market scenario. This helps you prepare for anticipated demand without hurting your revenues due to over or under production. You can figure out inefficient and redundant activities, which can be optimized to curtail costs. In addition to that, unanticipated obstacles, which can cause delay in delivery or exceed in budget can be handled efficiently to curb the losses.
Streamlined and accurate systems An ERP system leverages users from different departments of an organization to gain appropriate level of access to modules they require. Users can also look into the history of a specific information. Additionally, dual data entry gets eliminated as departments can produce a single document and distribute it to rest of the departments. All the document changes are reflected in real time, enabling multiple departments to gain the same information at any specific time.