10 Ways A Custom ERP Solutions Can Transform Your Business
Summary: Here in this post we have explained the most important ways custom NetSuite implementation can drive your business growth. We discussed the following points:
Freedom from erroneous data entry
Pay as use model
Streamlined work몭ow optimization
Automated approval
Enhanced customer service
Enhanced business intelligence (BI)
Role-based access and controls
Powerful reporting & dashboard
Thanks to technological progress managing business operations is now easier than ever before. In the market now we have all sorts of tools and software solutions to automate business operations. Among this multitude of software solutions, ERP has been the most popular. Modern ERP solutions help in orchestrating multiple business functions in an integrated manner and often they allow customization by integrating di몭erent software applications and by con몭guring business-speci몭c features.
In recent years, we have observed a steadfast rise in the adaptation of custom ERP solutions. The interest in custom ERP solutions across businesses of all niches and sizes is growing exponentially worldwide As per Statista, ERP spending has grown more than 40% just from 2010 to 2017.
Source: Statista
Custom ERP solutions accelerate business growth and as a catalyst for business process automation has proved their e몭ciency across organizations Thanks to custom ERP the e몭ciency of business processes has increased to a great extent. Here through the length of this blog post, we are going to explain how custom ERP can become a driving force for business operation.
Business-Speci몭c ERP Implementation
Since every business is characteristically unique and it has its way of functioning, the ERP implementation needs to address speci몭c business needs. Through custom ERP implementation, the business processes and work몭ows can be pushed for increased e몭ciency. Thanks to this customization, it becomes easier for the employees to adopt ERP software in their work processes.
RegardingERPimplementation,minor customizationwasneededby10%of respondents,somecustomizationwas neededby33%andsigni몭cant customizationwasneededby37%.
The custom approach makes ERP implementation easier since the
new ERP accommodates the business process and work몭ow instead of forcing the company to change its processes as per the demands of the ERP software. This ultimately results in enhanced productivity and e몭ciency of the workforce. This helped many small and midsized companies to make a considerable savings on their spending resulting in higher returns.
Easy Point And Click Change Management
Many businesses experience di몭culties with processing orders and other functionalities. The order screens o몭ered by regular ERP software platforms can prove to be di몭cult for management. This is where custom ERP solutions can be helpful by o몭ering a consolidated order screen with easy to understand and easy to interact commands and detailed reports.
Just think of customizing any of the ERP modules just with a simple click of a button, requiring no additional programming. Anyone in the development team can easily make the required changes. This is what custom ERP implementation allows you to do. This can help your employees save a lot of time while your business will be able to complete transactions with ease.
Get Rid Of Repetitive Data Entry Tasks
Entering repetitive data is a time consuming manual process and there are considerable risks of committing errors associated with it Data entry errors are common to put your business at risk. From duplicate data entries to leaving data 몭elds blanks to all sorts of unintentional errors, they can have a detrimental e몭ect on business in multiple ways.
But many businesses rely on systems that need repeated data entry. Businesses requiring large scale data entry by automating such tasks can free a lot of working time and enhance the capacity to focus on
other important tasks and projects to ensure business expansion and growth.
This is where the role of custom ERP solutions proves to be highly important. Most sophisticated and well equipped ERP systems that facilitate business process automation such as NetSuite can update business data in real-time. This results in freeing a lot of time that can be utilized to scale business growth.
Pay As You Use Model
Most of the ready to use ERP products come with features for which you need to bear a 몭xed cost whether they are used or not By opting for such ERP products you also need to pay for the add-ons or additional features that you do not need. Considering all these cost components, these ERP products add up signi몭cant costs to your ERP budget.
In complete contrast, when you choose a custom ERP solution developed as per your business needs, you end up paying only for the required features. On top of this, it allows you to add features and functionalities tailored to the requirements of your business With custom development, you get the best ERP software within the budget you have.
There are also ERP vendors who o몭er a bounty of customizable ERP modules to ful몭l the requirements of your organization and allow you to custom-con몭gure the required features. A highly customizable ERP suite such as NetSuite customization services can help you get the best of both worlds, o몭-the-shelf ERP and custombuilt ERP software solutions Ultimately, you only pay for the features and capabilities that you need, not for the other modules and features not required by your business.
Streamlined Work몭ow Optimization
For every business organization, there are speci몭c operational
methods and not always the o몭-the-shelf ERP solutions that can meet the demands of the work몭ow. This is why because of the new ERP some organizations may need to change the work몭ow. This also creates a new requirement for training the employees. For businesses, such disruption corresponding to the work몭ow and ensuing changes can result in a considerable downturn in respect to productivity and e몭ciency.
In complete contrast, an ERP solution developed to accommodate the work몭ow of the organization does not enforce any additional changes. The employees are already versed with the existing work몭ow and the only thing they need to be trained in is to integrate the ERP into their day to day tasks and activities so that dull and repetitive tasks can be reduced to a minimum. Instead of reducing productivity, such ERP solutions will increase it.
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Automated Approval Management
Generally, o몭-the-shelf ERP software solutions remain in the darkness of the di몭erent hierarchies and approval processes followed across organizations. Naturally, they still rely on manual approval processes that consume a lot of productive time apart from making a business vulnerable to increased chances of committing errors and mistakes.
With custom ERP software, you can have complete control of the approval processes and can easily allow keeping track of di몭erent things that need approvals. From invoices and bills to time-o몭 requests to expenses, to all others, streamlined approval processes prevent you from getting lost due to the overloading of approval requests.
As the entire approval system becomes automated with streamlined work몭ows, an organization can also ensure enhanced transparency besides ensuring that the requests of an organization are approved quicker. Custom ERP suites allowing automated approval can help
quicker. Custom ERP suites allowing automated approval can help an organization with templates for various kinds of approval work몭ows, enhanced compliance with an easy saving of records that can be reviewed quickly and a collaborative way to handle complicated approvals.
Enhanced Customer Service
Custom ERP software in many ways can help businesses to get a competitive advantage over their competitors. One of the key ways it can help the companies in getting ahead of the competition is through streamlined customer service and support. Through custom ERP a business can provide better, proactive and more timely customer service.
Just by adapting to an o몭-the-shelf ERP solution, your business may not be able to address all your customer expectations and needs. The custom ERP features help your business to meet the speci몭c requirements of your customers and provide them support and services on time.
Huge Gain Regarding Business Intelligence (BI)
The custom ERP software solutions are not just designed and developed as per the requirements of a company, but they are loaded with data analytics and business intelligence (BI) capabilities to automate decision-making processes. While the business work몭ow and the operational processes remain almost the same after custom ERP implantation, there are signi몭cant enhancements regarding data-driven decision making.
Just because custom ERP software solutions provide a 360-degree view of the business data in real-time and proactive analytical capabilities to help decision making promptly, a business can thrive and scale up its growth with data-driven and intelligent decisions geared for growth. The streamlined decision making with optimum accuracy and least lag time is a crucial positive outcome of custom
