How Can You Improve Productivity Using An Erp Solution?

By Author: Sapna Gupta
Total Articles: 38
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In this highly competitive world, business owners face difficulty while making decisions. Many companies start with a single system and later add up more systems to accommodate the needs of different departments. This approach not only creates data silos but it also adds up to the cost of running the company as you need to manage different systems. If you continue working with spreadsheets and follow tedious manual processes you may certainly not able to meet the growing expectations of your customers. By introducing an ERP system, you can bring together disparate activities under a single integrated application. This will streamline your business processes and also helps in increasing agility.

Some Of The Reasons To Invest In ERP Solution Are Listed Below.

Complete Integration of Data - When you use disparate applications for separate departments, it may lead to chaotic data transfer, time-consuming processes, and security gaps. For instance, when an account team uses a different system to track orders than your sales team and filling an order are done in different software, this may lead to communication gaps ...
... which can eventually result in unhappy or dissatisfied customers. However, by bringing ERP software solutions like Microsoft Dynamics NAV, you can easily integrate multiple business functions into one solution. With this, you will have real-time access to data. Furthermore, your employees won't need to waste time across multiple systems to drill down data.

Real-time Access to Data - The main disadvantage associated with disparate systems is data silos. With Dynamics NAV Implementation or leveraging any other ERP solution, you can easily get data including sales margins or a particular customers' order and payment history. By quickly producing important information, ERP enables you to make well-informed, data-driven decisions. Moreover, ERP automates different processes to ensure productivity. For instance, your accounting staff need not waste their time inputting the same information into multiple databases. With ERP, you will have more accurate financial reports which can also be generated easily.

More Control - With ERP, you can have complete customization of views and activities at any level. With role-based access, ERP allows individual users to have access to data which they require at any given time. Apart from this, you can easily manage procurement and sales processes along with having drill-down capabilities for historic information. Leveraging this information, you can easily create future sales and purchasing strategies while keeping track of relevant transactions.

Stock Control - Organizations that keep large quantities of stock/inventory and also at multiple locations can easily optimize their inventory operations. ERP delivers real-time tracking of stock levels, making it simple and easy to optimize your efforts rather than creating an informed guess about volumes, processes, and more.

Better Accounting & Financial Reporting - ERP system helps you to keep track of your financials. By keeping track of your incoming and outgoing transactions, ERP negates the need for repetitive data entry work while increasing the visibility of crucial operational data through a centralized platform.

Regulatory Compliance and Security - ERP ensures that back-office operations are in sync with the regulatory rules. ERP empowers you to easily address the ever-changing compliance and regulatory requirements. As all you data gets integrated into a single system, it becomes easier for system administrators to control and monitor the security of your data.

Concluding Remarks

Thus, we can conclude from the above-mentioned points that as your company grows, you will need to leverage technology to maintain control over things and to stay ahead in the competition. Advanced ERP solutions like Microsoft Dynamics NAV can help you move on from age-old silos to the digital transformation. By centralizing data, ERP ensures that users have real-time access to it, anywhere in the world, &on any device.

Sapna Gupta is a technology enthusiast who is passionate to write about ERP, netsuite implementation partners usa , cloud solutions, IoT, Crypto and much more. She believes in delivering content with a pitch that makes topics easy to understand.