Enterprise Resource Planning or what commonly known as ERP, is a general term that covers a broad range of software and applications specifically designed to integrate every aspect of your business. In the past, when handling different divisions of our business, we were forced to use different software packages to cater to each specific task. One application would be used to manage manufacturing process; one would handle product distribution, another for managing sales, and yet another would help in customer support.
In times when certain operations require these divisions to communicate and share information with each other, it would be less convenient if they are using different versions of software and that could also potentially slow down the production of your business. The sales team might have trouble obtaining the latest manufacturing data, which might cause the customer service team to not be able to determine vital information of the clients. Circumstances like this are often seen in many businesses and they could sometimes lead to losses and employee frustration.
With the modern ERP systems we have today, these headaches can be eliminated for good. Furthermore, there are ERP solutions for just about any kind of business out there, from wholesalers to hospitals to hotel chains. An ERP system helps to bring a business together and boosting productivity like never before. Medium to large scale businesses will definitely benefit from the total customization, tighter integration, rapid deployment and many other capabilities provided by modern ERP systems
While there may be some risks involved when upgrading an existing software to a state of the art ERP application suite, it is no longer a major problem thanks to the ability of modern software that can easily migrate and process data from most existing systems to newly created databases. Businesses that have successfully integrated with ERP systems have experienced an increase in ROI and work efficiency in a way that they have never thought before.