The Top 5 Benefits of Implementing ERP Software

Featured article by Emily Roberts, Independent Technology Author

Businesses and corporations have a vested interest in improving efficiency, employee management, procurement, and many other elements of daily work. As technology continues to provide solutions for accomplishing all of this, many businesses are looking for ways to more seamlessly integrate these components for even greater efficiency.

One such example of this in practice is ERP software. Short for enterprise resourcing planning, there is very little that such software cannot handle or integrate when handled properly. Most businesses love to find new ways to make their workflow more productive, so it’s no surprise that this solution is gaining traction in the corporate world.

Today, we’ll look at the top five benefits that businesses can expect from implementing ERP software.

Big Savings

Arguably the biggest single benefit of implementing ERP software is the cost savings that come with it. Depending on the industry and specific business model, ERP software can generate anywhere from thousands to millions of dollars in savings each year. This is because of the increased efficiency and reduction in wasted time and resources made possible by the advancements of the software.

For example, ERP manufacturing software developed by KeyedIn reports massive savings through its integration of several systems for its clients that are already in use.

Efficiency

Another huge advantage of implementing ERP software is the sheer efficiency that it provides businesses. From work assignments and production to payroll, the ERP integration process helps ensure that fewer people are needed to monitor and deploy solutions across various departments.

As such, the number of consultants, billable hours and other costly metrics can be reduced, which leads to savings and/or quicker results for busy businesses.

Improved Customer Service

Imagine a world where every single customer or client who contacts your business is given a positive resolution. This situation can generate a massive amount of good publicity and beneficial word-of-mouth for any business.

One great benefit of ERP software is its improved customer service experience. With the right integrations, no order will ever become lost, customer information is always just a click away, and all relevant solutions for any client can be quickly pursued.

Better Security

Corporate security is a major factor these days – clients and customers trust businesses with their data and a betrayal of that trust can have serious consequences. The good news is that ERP software helps maximise security potential by ensuring that potential vulnerabilities and intrusions are detected across multiple platforms and systems before they’re a problem.

From better firewall management to customised data access, ERP software does wonders for improving business security.

Total Accountability

When every system and function is integrated via ERP software, it suddenly becomes much easier to track all activities occurring within a business. Any manager can easily access comprehensive reports for any process, activity or workflow without having to dig up paperwork or consult with multiple employees.

As such, businesses seeking to keep better records and enforce more accountability can benefit from ERP.

While there are dozens of potential benefits from implementing ERP software, these are just a few of the most notable ones. Whether it is office, customer service or manufacturing ERP software specifically, the same benefits can be enjoyed by small businesses and large corporations alike.