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First up, let’s look at the main reasons why businesses choose to use ERP. There are several more advantages to using ERP than disadvantages (if there weren’t, who would use it?). Below are several of the biggest advantages of using ERP software for your business needs:

Lower IT Costs

One simple reason to do an ERP implementation is to lower IT costs and improve efficiency. Having a unified ERP system can greatly lower IT-related expenses, including management/administration staff, support, infrastructure needs, and application licensing. Using a single system also reduces training requirements for end-users, since they only need to learn one system rather than interacting with numerous individual applications.

Total Visibility

ERP allows total access to every important process in your business by making data from every department easily accessible to you and your senior management. For example, you can monitor inventory levels on a daily basis, including future consignments that are yet to be received and inventory that’s currently in transit. By knowing precisely where you stand regarding inventory levels, you can control your working capital on a more precise level and more easily adhere to the strategy that you’ve developed for the long-term success of your business.

Apply Better Data to Make Better Business Decisions

Using disparate, poorly integrated business software systems can lead to messy, non-standardized data. This increases the chances of year-over-year comparisons being inaccurate, making the process more difficult and time consuming. This becomes a serious detriment to accurate forecasting.

A modern ERP system comes integrated with all the necessary applications. Meaning, your data is standardized and the tools to see year-over-year comparisons and forecasts are built in. These are often presented in an easy-to-read dashboard format.

Stay on Top of Regulations

You no longer need to worry about governmental hurdles making your employees’ jobs harder. INDIAN MESH ERP systems are equipped to ease regulatory compliance required for business processes such as financial accounting, data security and product traceability.

Here are some examples:

  • Publicly traded companies need to ensure all their financial records are 100-percent accurate. ERP software helps keep everything in line through Generally Accepted Accounting Principles (GAAP).
  • Small regional food manufacturers can benefit from the product traceability tools in a modern ERP system. These ensure that companies are able to trace any instances of contamination or improper handling back to the source in their manufacturing plant.

Improved Reporting and Planning

Implementing an ERP suite across departments means your organization has a single, unified reporting system for every process. By having a single source of information, an ERP system can readily generate useful reports and analytics at any time. This software gives you the ability to analyze and compare functions across departments, without the hassle of multiple spreadsheets and emails. One of the most popular reports involve finances (go figure). Standard financial reports such as income and cash flow statements generally are built-in, and custom reports can be quickly generated by users without IT intervention.

In addition to this, many ERP vendors also offer Business Intelligence services with their software. This BI functionality allows businesses to gain a deeper level of analytical insight into their operations. These insights aid in corporate planning by identifying both operational strengths and problem areas that need improvement. Providing this kind of detailed view into a company’s data gives ERP users the ability to make better-informed decisions based on end-to-end trends and metrics.

Complete Customization

One of the biggest advantages of ERP software is its modular makeup. Most ERP vendors offer multiple platforms, and each one contains several applications that can be implemented according to business needs. Each application is designed to be able to stand alone or integrate with the suite, so your company can pick and choose which components work best. This means that businesses are able to craft an interface tailored to their company’s needs. Our INDIAN MESH ERP implementations are designed with the ability to seamlessly integrate into the full suite or to be used as a standalone module.

Improved Efficiency

Along with reduced IT & training costs, an ERP can reduce the time and effort required by your workforce to carry out their daily activities. Properly implemented, an ERP can greatly reduce or eliminate repetitive manual processes, thus freeing up team members to focus on revenue-affecting tasks. The system likewise can aid in the adoption and enforcement of industry best-practice processes, lending familiarity to all actions across the enterprise.

Data Security

One of the biggest advantages of an ERP system is data security. After all, at the heart of the ERP concept is data. Sharing data across functional silos such as Customer Service, Sales, Marketing, and Business Development enhances collaboration throughout a company. The other side to wide-spread data access is controlling who can see and edit the information. ERP solutions have intrinsic controls to ensure the security of your data. What helps ERPs maintain a high level of data security is that it provides a single input system. Merging information from multiple systems often causes conflicts between sources, but having a single repository of information helps improve the accuracy, consistency, and security of your company’s data.

Deep Integration

INDIAN MESH ERP vendors offer additional services for further integration of your business. A few examples include:
  • E-commerce integration packages for web-based ordering
  • Application Programming Interface systems that allow peripheral systems, like barcode readers, to be integrated into your existing system
  • Business Intelligence functions that identify potential problem areas throughout the business

Improved Data Quality

When compared to manual data processes and other approaches, ERP systems’ data quality represents a drastic improvement. This is mostly because the underlying processes used to develop the data are drastically improved, so there are fewer errors and omissions. Indeed,INDIAN MESH ERP tools largely eliminate human input, which is where most errors occur. As a result, you can be confident in the integrity and reliability of the data you’re using, which makes it easier to make crucial business decisions. This allows you to more readily take advantage of new opportunities that may slip through the cracks without prompt action.

Give Employees More Power to Be Revenue Generators

Inefficient processes and decentralized data mean greater labor costs for businesses. These can be especially detrimental for small to midsize businesses (SMBs) that have limited resources.

ERP systems can automate and streamline daily processes, freeing up your employees’ time to do things that actually generate revenue. For example, software can automatically tie sales orders to the accounting system, or run reports without the need for complicated spreadsheets.

businesses should treat ERP as a technology strategy. It can efficiently automate and link administrative and operational capabilities such as finance, HR, purchasing, manufacturing and distribution to help achieve business flexibility and agility.

Be Mobile Accessible to Bring Your Business With You

Many ERP vendors are offering native applications on Android, iOS and Windows smart devices for ease of use. These applications typically offer updates in real time with crucial business KPIs, including:
  • Sales
  • Revenue
  • Customer acquisitions
  • Web traffic
  • Manufacturing output
One of the predictions in Gartner’s “Forecast Overview: ERP Software, Worldwide, 2016” report (available to Gartner clients) is that 60 percent of SMBs will be selecting ERP in the cloud by 2020. This will only increase the mobile accessibility for users— a trend that’s increase more as more and more tech-savvy professionals enter the marketplace.
This generation prefers a connected network of applications, which can be easily managed on a tablet or better, their phones. They’ll automatically prefer ERP vendors who offer integrated apps with other software so that they can easily switch between functions within seconds.