Businesses utilize enterprise resource planning solutions (ERP) for various reasons. ERP refers to systems that are used to plan and manage supply chain, manufacturing, services, financial and other processes of an organization.
Organizations from a variety of industries benefit of ERP systems. Whether your business is large or small, there are several ERP benefits your company could gain.
When is it time to implement ERP in your business?
There are many factors that indicate the need for upgrading to an ERP system. Here are five signs showing it’s time for your small to mid-sized business to implement an ERP system:
Time of growth: The company is growing, has grown, or is planning a major growth.
Inefficient process with current software: Manual workflows and spreadsheets, poor reporting tools, and separated databases can decrease productivity.
Outdated system: Older software can require more maintenance that disables you to focus on solving your real problems.
Lack of collaboration among departments: All departments need to work seamlessly to assure that the entire business runs smoothly.
Benefits of ERP from Microsoft Dynamics 365
Before choosing the best ERP system, you need to compare the advantages and disadvantages of ERP to your organization. Below are several advantages of ERP and how they can improve your business needs.
1. Improved efficiency
Microsoft Dynamics 365 ERP can reduce the time and effort required by your team to carry out their daily activities. When properly implemented, ERP software can eliminate manual processes and routine tasks completely. It also improves a smarter workflow by integrating collaboration from different departments. Instead of having access to ERP, CRM, data, and Office applications separately, users can find everything they need on one platform.
2. Enhanced business reporting
Implementing dynamics 365 ERP means your organization has a single unified reporting system for every process. Microsoft Dynamics 365 gives you the ability to analyze and compare functions across departments, without the hassle of multiple spreadsheets and emails.
3. Data security
One of the biggest advantages of an ERP system is data security. Since so much data is saved in one single spot, it’s important to have full security on the database. Cloud-based ERP systems offer a higher degree of security and provide constant backups to make sure your data is safe.
4. Lower IT costs long-term
Although ERP software is often a large investment, it can merge your IT costs to help you save money in your organization. Instead of spending dollars on multiple systems that need different staff, infrastructure, and licenses, you can use one single ERP system to lower the overall cost.
5. Easy to use and customize
You can use Microsoft Dynamics 365 in the cloud or in an on-premise environment. It’s simple to manage the ERP software and customize it to your business needs. Dynamics 365 integrates with other Microsoft products which makes it even more efficient to move between apps. Users can access Dynamics 365 from Outlook, a web browser, or a mobile device.
Industries that benefit most from ERP
ERP systems can be incorporated into almost any industry – this includes mid-market and small businesses.
Here are some examples of industries that use ERPs:
- Wholesale & Distribution
- Industrial Services
- Service Business
- Automotive Parts
- Transport & Logistics
- Food & Beverage
Read more: Learn more about ERP for specific Industries
There is no denying that ERP software has become a huge part of every industry, making operational executions easier and faster over time. But each industry has its own requirements and challenges when it comes to ERP customization. If you find the right ERP system for your industry and business, it could be a big win for your organization.
The best way to learn which ERP system fits your company best is to reach out to an ERP vendor and get a consultation from a specialist.