How useful are erp software solutions in running a business

An erp software solution helps companies keep a track of information across all business departments and business methods, from finance to production to sales and marketing.

They need to distribute information from their departments like their financial accounting, human resource management, manufacturing or other departments. ERP software’s helps to integrate each of these departments so that the information can be shares smoothly among them. This makes quick availability of latest information and generation of reports.

Some of the benefits of using ERP software’s in an organization are mentioned below: • It helps business organization to obtain increased number of sales leads which leads to large amount of profit generation • Aims at providing best customer services by proper and timely resolution of their queries with timely delivery of products. This helps them to achieve customer satisfaction • Using ERP software solutions a company receives brand value in the market by means of providing best service to their customer.

• Using its advanced methods and techniques helps to understand customer requirements in a better way and based on that provide better service than expected.

• Increased workforce efficiency, productivity, and satisfaction • Makes use of latest technologies and superior processes to deliver world class functionalities at the affordable price • Helps in makes estimation and analysis for human resource requirements and demands in advance • Helps in achieving better alignment of company’s future plans and goals in accordance to team goals and individual goals ERP software’s manage the following business functions: • It helps organizations manage their finance and account related transactions. It helps to generate fast and quick financial statements like ledger, trial balance, profit and loss sheet and income and expense statement • It securely and efficiently shares business information to various different departments so that better and useful business plans can be formulated. It provides business intelligence activities like data capturing, data analysis, data mining, data reporting etc • Human Resource Management System helps in keeping records of employee’s personal and professional information. It takes up variety of HR initiatives like talent management, employee skills assessment, and conducts training campaigns for employees to learn latest technologies and methods.

• An inventory management program finds out whether adequate products are present in the warehouse or not. It takes appropriate measures to maintain desired stock in the warehouse to avoid any kind of crisis in times of immediate requirement.

• ERP module makes proper usage of manufacturing machines to get maximum production on large scale with superior quality.

• It’s Sales and Marketing feature tracks products as they pass from production processes to distribution processes and finally to market. It keeps record of the performance of sellers, sales order, shipment status, billing and others sales activities.