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ERP Software Benefits

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ERP software provides a complete software solution to companies to enable them to expand their business prospects and earn returns. ERP Software keeps updated record of the activities from the time the raw material is bought to the process when the manufactured good is shipped to the customer.

Benefits of ERP Software

1. You just need a computer and the ERP software to find out the financial needs of the company and to get exact information about the performance of human resources of the company employed in various departments.

2. ERP software assembles all the data of the company in one database and it helps you to find out actual dependencies and loopholes in the working of the company.

3. It can provide easy inter-office and intra-office communications without moving out of the working area.

4. It integrates the functions of the all the departments of a company located at various geographical regions and management executives can analyse the data of all the departments from one place to make future plans.

5. Enterprise resource planning software saves a lot of expenses on paper files as you have all the entries in the machine.

6. It saves time and revenue spends on transportation of data and transactions.

7. Enterprise resource planning software helps a company to improve performance and be ahead of its competitors.

Coordination of functional units gets easy through ERP. A company can have its manufacturing unit in one place and accounts department in a different location. The server carrying the data of complete industry gets updated at one place, whenever, the updating is done in the ERP Software. It helps the company's management to have clear understanding of its functional units.

If ERP software is installed to a computer and a customer places a request order, what happens? No need to make paper entries. All entries are made from user interface of the computer and the entries directly go into the database of the concerned department. No need to move the paper files carrying the request of the customer to the concerned department.

The company selling the product gets payment through credit card or cash, and you can easily receive / deliver the product without any delay. Once the payment is made, the data of the items bought by the customer is directly updated in the financial systems of the company. The customer's request entry, the payment and the delivery of product - all happens on one click through ERP software and the changes in stock inventory and financial systems happens automatically.

The people working in various departments such as sales and marketing, inventory, finance, accounting and HR - can view the latest updated entries on their computers without moving out of their seat.

If a company implement the enterprise resource planning software, it can get the reports of everyday activities in office immediately and the executives can even check the data after a month or a year, to get reports showing the alteration in data at each stage and in each department. The company can find out the major contributors to the company and the decisions based on the ERP software reports can helps the company to improve performance.

Related Book
Best Practices in ERP Software Applications
Best Practices in ERP Software Applications
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This book is written for consultants, project managers, business professionals, programmers, service providers, vendors, executives, teachers and students who are working, managing or studying in the field of information technology, software application development, process improvement, business process re-engineering, hardware applications development and corporate business process automation.

 Read Related Articles

Why Do Most ERP Implementations So Long to Complete?
A Guide to Enterprise Resource Planning Implementation
An Executive's Guide to ERP Software
Enterprise 2.0 and ERP Software

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