Enterprise Resource Planning (ERP) is changing the way we do business. You may have seen ERP software for only inventory and accounting, but Terracor Business Solutions provides an ERP software system and solutions with complete end-to-end business management.
Our automated processes mean your business won’t have to go through multiple systems. In this blog, you’ll learn more about ERP and how to maximize its efficacy by integrating it with other software systems.
What is Enterprise Resource Planning?
ER is a business management software that automates business processes. It collects data from across the company, including its accounting, manufacturing, supply chain, sales, and marketing data. ERP makes data collection and processing easier as it uses a single source of data rather than multiple software systems.
Although ERP supports multiple integrated systems, including invoice and financial reporting), accounting is possibly the most critical ERP function. Common ERP software includes modules such as customer relationship management (CRM), inventory management, warehouse management, supply chain management, and human resource planning. For ERP to function efficiently, it needs to be connected to applications and data sources. Once connected, it can handle many business processes and help with managing multiple systems.
Benefits of ERP
ERP is the ultimate solution to improve business operations. Here are some benefits of ERP software:
As we mentioned, ERP software helps with managing multiple systems. It also includes complete functionality for all business processes. The software can handle everything from accounting, inventory management, billing, purchasing, and order entry to processing. All systems will link to a single database, which means all the data will be stored in one place. No need to store data in multiple locations and servers.
- Fully Automated Workflows
The best part of ERP systems is that they provide completely automated workflows. Information flows from one place to another, reducing the need for manual processes. If a customer selects an item from your e-commerce store, the system will automatically generate a slip that gets sent to a warehouse for the order to be picked up.
- Real-Time Data Processing
If you need to make a business decision, you often have to go through multiple channels to collect research and data. With ERP, you only have to look in one place for all the information you need. Using an ERP system will provide your business with access to real-time data. Data is stored in the system continuously so that you can keep up-to-date with business processes and make important decisions.
Reporting can be difficult with manual processes. ERP makes reporting easy with automated emails that can be scheduled when needed and sent out to your staff, customers, or clients. With the different reporting tools available, you can customise your emails. You can set up emails on a schedule that reduces a lot of time or send out emails with specific information to specific team members.
Barriers to ERP
Although there are some barriers to ERP systems, they can be solved with good strategies and professional teams. Here are some of the barriers to ERP.
- Difficulties in selecting an ERP integration for your system. You need to choose ERP features that work for you. Browse through ERP applications or speak to the Terracor Business Solutions team to find the right system
- Maintaining ERP integration may be difficult. As your business expands, you may need more ERP tools. The best way to maintain systems is to hire professional teams to help you out
- Issues with customisation: Some systems may not cater to your business needs. ERP systems today, however, are evolving and adapting to various applications and vendors
ERP Integration Configurations
Integrating your ERP system with applications is simple. We have partnered with Zoho and many other ERP software providers to bring you the best possible ERP solutions. Simply speak to our team and we’ll help you to get started.
Contact us to learn more about our ERP solutions!