To boost your business productivity and encourage diversification and swift growth, it is crucial to streamline your business operations with ERP system. An online ERP Software System not only automates all the functions in an enterprise but also provides accurate real-time data from Planning, Production, Finance & Accounts, Materials, Inventory, etc. There are many other important factors as well, why streamlining business operations with a cloud based ERP solution is highly essential for any enterprise. Let’s discuss them!
Important Components Why You Should Streamline Your Business with ERP Software Solution:
Though there are many reasons why you should streamline your business with an ERP software system, some of the major ones are listed here:
- When you need to handle everything from Procurement to Production on a single platform.
- When you need to have access to all information from any location, any time.
- When you need to have operational data’s smooth access and want to quickly make informed decisions about your business.
- When you start are facing challenges in keeping up with regular changes in the regulatory environment.
- When it comes to determine the problems, and need a quick resolution to keep your operations running smoothly and you are unable to be as proactive as you would like to be.
Once you have implemented ERP System in your business and have automated the operations, not only will your critical challenges will get addressed but you will also be able to come across other benefits of ERP software. The next section discusses those benefits which will now be a part of your business and help you in achieving enhanced business growth and operational efficiency.
Read more – ERP- A 360 Degree Approach to Business
Benefits of an Online ERP System:
You can extremely minimize the need to manually entering data with the help of cloud ERP software. An ERP solution makes a manual data entry process easier for companies to manage data efficiently. It also eliminates manual data entry errors and repetitive processes. This empowers the enterprise to free its workforce from day-to-day tasks and deploy them more efficiently. Thus, the ERP system enhances the overall operational efficiency of an enterprise.
With an online ERP system, you can manage your data in a single location, instead of managing data distributed among separate databases. Cloud ERP system provides one version of data to all departments and individuals in an enterprise. This naturally reduces the efforts of resources spent on data reconciliation between multiple departments and locations.
With the advanced reporting capabilities of online ERP software, your organization can respond to complex data requests more easily. Improved reporting proficiency also helps make reporting easier and more customizable where you can run your own reports without relying on help/support from the IT department in your organization.
Read more – How CRM Boost Your Customer Service & Overall Customer Experience
#Improved Customer Service:
Your sales representatives can interact with their valued customers in a better way and provide best-quality customer service with the help of an online ERP system. Plus, sales rep can boost the relationship with their esteemed customers by sharing accurate real-time information of available stocks, ongoing promotional schemes, shipment updates of open orders, historical data of previous orders, etc.
You can define system access for each user at the user-level with a cloud ERP System. This ensures that every user can view and work only on those data which he is supposed to have access to.
Next-Generation ERP Systems like SalesBabu Online ERP software comes with powerful Forecasting capabilities. This benefits an enterprise to plan Order Fulfilment more efficiently without worrying about late deliveries, raw material stock-outs or non-moving inventory build-up. Small Business ERP Software helps to Monitor, Plan, Analyze and Execute your business operations.
An online ERP software solution has a centralized data management feature. With the help of this feature, organizations can improve and boost inter-departmental and intra-departmental collaboration.
An ERP Solutions helps save you money by increasing organizational efficiency, reducing resource wastage, reducing administration costs, improving inventory management, faster and well-informed decision-making and adoption of world-class processes, just to name a few.
An ERP System empowers an enterprise to react to market dynamics and other business challenges quicker and prepares the enterprise to face any eventuality. This makes sure that you are always ahead of your competition.
The significant benefit of online ERP software is access to real-time analytics. This will allow companies to look into important information as it becomes available so that you can rest easy knowing that the data which you’re looking at is always relevant and up-to-date. Real-time analytics will help you when making critical business decisions and ensures process enhancement.
The great thing about the cloud is that as long as you have Internet access, all the data and information that you need will be readily available to you from whichever location, at any time. A cloud system will store and operate on everything remotely, so even if employees are spread across the country they will be able to still input data in real-time from any connectible device such as laptop, smartphone, tablet, etc.
#Low Operating Costs
On-premise ERP systems will need manual and continuous maintenance to stay up with hardware and software updates, which may negatively impact your company’s budget. Compare that to cloud ERP, and you have got some way to lower the cost of operating. Cloud vendors provide ERP solutions as a subscription model – Software-as-a-Service (SaaS) – these costs are reasonable and usually customized to figure out around your company’s budget.
Features of Cloud-Based ERP Software
Stock Management –
Efficiently control the stock and provides better services to your customer with an Online ERP software. ERP software helps you to provide better visibility into the number of items stored with their descriptions. It empowers you to manage multiple warehouses with-in one database. Synchronize inventory levels, Maintain stocks, Less time consuming, Centralize management, Visibility of status and Streamline warehouse operations with ERP software solutions.
Read more – Transform your business with CRM software
Maintain Inventory Levels –
You need to maintain stock levels to make sure adequate supplies are available in every business when needed. However, it is also important to ensure items are not overstocked. With online ERP Software, you can streamline the process of identity, remove and re-process/discard stock not complying with inventory control guidelines. ERP system enables you to save time to reconcile data, easy access of information from anywhere, real-time stock update, easy inventory report to analysis and integrated order management.
Reduced Operational Costs –
SalesBabu Online ERP solutions standardize the use of a single application to run the entire business. This increases efficiencies and decreases the overall cost of ownership. Thereby, it reduces operational costs and improves the company’s profitability. With online ERP software, you can smoothly access centralized information, reduce duplicate records, increase profitability and make more informed decisions.
Manage Better Customer Relations –
Online ERP Software enables managers to pull real-time information and provides sales and operations planning with access to this critical information. With this updated information you can foster “closed-loop” processes that ensures the business does not overpromise and/or under-deliver to your customers. With a cloud-based ERP system you can improve sales strategies, ensure deliveries on time, reduce support time, efficient customer service and operational excellence.
Purchase Management –
You can easily get the visibility of the flow of goods and services with an online ERP software. ERP Software solution enables you to identify savings, spending against budget and trends across departments. ERP software usage also eliminates the risk of error with centralized customer, invoice and order records. ERP System also helps to evaluate inventory consumption, set stock alarm on present inventory, plan future purchases on time, reduce purchase cost and improve capital flow.
Manage Sales Scenario –
With an Online ERP software you can smoothly manage leads, set reminders for follow-ups, prepare and send quotations, generate sales order & invoices. Online ERP provides you the feature to generate the real-time MIS reports for sales forecast and making more informed sales strategies. Cloud ERP solutions provide you real Time Reports, dashboard snapshot for pending leads, easy task escalation, improved customer relations, and increased sales revenue.
We have discussed all the major factors – why you should streamline your business operations with an online ERP system software. The purpose of an ERP system is to increase efficiency, streamline processes and promote a culture of collaboration in the organization.
A company can leverage cloud-based ERP solutions to reduce costs. When processes are updated and streamlined and key metrics are firmly monitored, disruptions, delays, and breakdowns are anticipated or its impact better managed. Manufacturing and distribution are especially sensitive to disruption. But with an online Enterprise Resource Planning (ERP) system allowing engineering, production, customer service, and other business units to work closely together using real-time data, resolving unusual problems is faster.