On the face of it, ERP implementation seems like a no-brainer. Why would you not want to adopt an integrated software system that ensures greater visibility and control over costs and operations while making it easier to track important business metrics? It sounds like the answer is so obvious — you would think every company would be leaping at the opportunity to get an ERP system. And yet, somewhere along the line, many companies keep relying on patchwork solutions that do not allow them to achieve strict control over their processes or capture accurate data in real-time.
Different types of businesses, both large and small, use ERP software to streamline their operations and become more profitable. We will give some insights into why ERP is important for businesses and industries like manufacturing, distribution, retail, and so forth that really need it.
Reason 1: Significant cost reduction
ERP packages are a massive investment, but the benefit of having all of your organization's data in one place makes it worth the cost. ERP systems unify many fragmented business management tasks into one centralized system. This makes it easier for employees to access the tools they need for their job from one place. Just like it works in Acumatica Cloud ERP.
By using Acumatica Cloud ERP, you can reduce your costs by eliminating the need to purchase, maintain, and update multiple applications. This saves money on IT support as well as hardware and software upgrades. Acumatica is available on any device you have - mobile, tablet, desktop, or laptop. This means you can access the same information at work or at home. This makes it easier for employees to do their job without worrying about how they will access their data.
By implementing an ERP system, your organization saves money by minimizing the need for users to be trained on several systems. This reduces not only the amount of money spent on training but also the logistical effort involved in scheduling several training sessions with several different vendors.
Reason 2: Better Interaction
Generally, all Enterprise Resource Planning software improves collaboration in some way. One of the features that makes ERP unique is its centralized database. With this database, you provide your company with a single source of truth to work from. This reduces the cost and risk of errors caused by working with incorrect or outdated data.
If your team is entering the same client information into multiple systems, you invite human error into your processes. An ERP could help prevent this. Design Studio, an apparel manufacturer in Sri Lanka that does business with the United Kingdom and Europe, used to take days to get a single report. They implemented Acumatica Cloud ERP, which helped the company improve its ability to catch errors. “Everything is integrated now,” says Devin Samayamanthri, Chief of Staff, “Before only a handful of people could identify if something was missing or if there was a discrepancy, and even then, we often missed it. We no longer miss it. We now have accurate inventory that we can rely on.” If you are curious about their challenges before Acumatica, and how these issues were solved, click below to see their success story.
Reason 3: Enhanced Efficiency
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Traditional methods of performing repetitive tasks hurt an organization’s bottom line. Tasks like generating reports, monitoring inventory levels, timesheet tracking, and processing orders can take employees hours to accomplish. In addition to taking up time, these processes lower employee morale and open you up to a human error. Even after the umpteenth hour of entering the same line of data into different forms, even the best staff members are bound to make mistakes.
Cornel Cooperative Extension also transformed its business with Acumatica Cloud ERP. They automated many processes and improved customer service. They reduced report creation and distribution from weeks to minutes. They also gained instant access to financial status and could take deep dives into real-time data to identify trends and opportunities.
“Acumatica is amazing. There isn’t software out there built specifically for non-profits, but Acumatica is pretty close to handling everything we need. We haven’t found anything we can’t do with Acumatica,” says Elizabeth Klug, a Regional Finance Manager.
Conclusion
ERP systems like Acumatica Cloud ERP can be more cost-effective than manual data collection and management, and they also provide your company with a wide range of features that will make it easier to manage your business. Our team at AcuPower LTD specializes in the installation, configuration, and technical support for companies looking for affordable solutions. Please contact us for a free demonstration of Acumatica Cloud ERP:https://acupower.co.uk/.
