What is ERP?
In order to effectively plan and manage your company resources, you must first develop a holistic understanding of the processes needed to run your company, both financial and transactional, and the data that these processes produce. This is where Enterprise Resource Planning comes in.
Enterprise Resource Planning, or ERP, is a process that aims to streamline the way your business and its resources are managed. From sales and marketing to planning and purchasing inventory, even down to employee management and human resources, an ERP software can take data from every sector of your business and simplify it into a single integrated system.
An ERP software, in simplest terms, creates a centralised hub through which data from all across your organisation can be connected and observed, from anywhere, anytime. This can help you save on costs, improve collaboration efforts within your organisation, boost employee productivity and company efficiency and enable you to stay ahead of the competition with accurate and real-time financial and transactional reports.
Think of your ERP system as the glue that pulls each of the pieces of data together into one large, accessible map: a helpful guide to the ins and outs of your company.
How do I implement an ERP System successfully?
Implementing a successful ERP system isn’t easy. From the initial challenge of installing the software across your company database, to the necessary cultural and organisational shift within your company structure, the process of successful ERP implementation is complex and time-consuming. It can be painful, especially when it comes to adapting to new ways of working, but the long term benefits of ERP implementation far outweigh the short term difficulty of the initial transition.
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