every business function depends on a single database. An ERP solution breaks up information logjams with one source of
information that contains accurate, real-time data and helps staff in making better decisions more quickly as well as freeing
up their time to work on more high-value exercises so that it can help the businesses to grow even more faster.
Not Having Easy Access to Information
How long will it take to find out, what your average sales margin is? What about various key performance metrics of orders
per day? Companies relying on siloes systems and spreadsheets needs to be constantly updated and should be reconciled
manually.
When employees across your company need immediate access to key data that means the pace of business is faster than ever
before. At any time, executives can get a holistic view of business operations with an ERP solution while others can only get
the information they needed for doing their jobs more efficiently.
Accounting is More Difficult and Takes Longer
Often, from your accounting department only, the first noticeable sign will come that your company needs ERP software. If
your employees every week spend hours in manually entering paper-based invoices and sales orders into different accounting
then you need to consider that most of the time is being wasted on tasks that ERP software can handle instantly.
The same scenario is going with financial reporting, an ERP solution can make a noteworthy impact if it is taking ages to
reconcile or consolidate information related to finance across systems and through countless spreadsheets. So, if all the
financials will be in a single database then accounting staff won’t have to spend several hours rekeying numbers, cross-
posting information, or manually reconciling data. Thus, it will help your accounting staff to deliver critical reports without
any delay or frustration and they will become more productive.
Sales and the Customer Experience Suffers
Often, inventory management is one of their biggest challenges when companies are growing very fast. As it ensures that the
subsequent amount of products is in the right place at the right time, which is a vital part of any business operation.
When customer data, inventory and sales are separately maintained, then serious problems can occur across your company.
Sales will be off until the next shipment arrives, if you are running out of a popular product. Meanwhile, if customers are
calling to inquire about an order and employees are not able to track it to see whether they are shipped or are still in stock
then company will start developing a poor reputation for services and reliabilities.
Moreover, with an ERP system staff of every department will have an access to the same and will also have up-to-date
information too.
34 August 2017