What is an ERP and why use it in a company
ERP stands for Enterprise Resource Planning.
The term ERP was first used in the 1990s by the Gartner group, but corporate resource planning systems have been used for over 100 years and continue to evolve constantly with market needs.
With an ERP software you can automate and simplify the individual activities of a company to streamline all the main processes: the supply chain, production, financial services, purchasing, project management, customer relationship management, risk management, compliance and more.
What is the use of having an ERP?
ERPs connect every aspect of a business. An ERP software allows for better management of business processes because it helps to accurately plan, predict and report the health of a company’s business.
All company components will work with the certainty that data is correct, complete, updated and above all impossible to overwrite with old versions, not even inadvertently, a typical situation when using spreadsheets.
If an ERP software relies on the cloud, this means not only improved functionality compared to many traditional ERP functions, but also integration with new generation technologies, such as the Internet of Things (IoT), blockchain, artificial intelligence or machine learning. This translates into new opportunities for the company which sees its efficiency increase with new and increasingly innovative services.
A company can use an ERP to manage the day-to-day business activities required for accounting, project management, risk management, or other supply chain operations. But a company can go even deeper and use an ERP solution for enterprise performance management, in order to plan quantify and above all forecast its financial results.
In which industrial sectors can ERP be used?
There is no industry where an ERP solution cannot be used.
This is because an ERP software is designed to help a company become more efficient, managing all information between internal and external departments regardless of the complexity of the company.
So, there is no industry that doesn’t need an ERP solution.
Clearly the ways in which an ERP solution can be useful in one sector may be different than in another sector because the needs of the various manufacturing industries are very different.
Business development in each of these sectors is focused on objectives that coincide with the long-term growth of a company operating in the sector, and on the main challenges of a sector.
This is why we recommend conducting a regular analysis of company systems and processes to surgically identify when a company needs the integration of an ERP systems.
Our analyzes identify all non-functioning processes, those that take too long, those that rely on inaccurate or incomplete data and cause a bad reputation for reliability and services, those that have poor scalability or do not support advanced technologies such as IoT or artificial intelligence and highlight how the company can take all the next steps to overcome the challenges and support the growth of its business thanks to an ERP solution.
How choose the best ERP solution
Choosing an ERP solution is a daunting task. Not only because the market offers many software solutions to choose from, but because it is important that the ERP solution you choose fully meets the needs and objectives of your company.
The ERP solution you choose needs to keep pace as your business needs change and expand, driving optimal performance, accelerating operational impact and proactively preparing the business and responding promptly to any operational disruption or market change.
And the ERP system itself is only part of the solution. A team of experts who have been through this cycle many times, for many different types of companies and industries will make the difference. They can understand your needs and identify the landscape of tools and how to integrate them into your processes.
This is exactly what we do after analyzing your company: helping you find the perfect ERP solution for you.
With our ERP solutions we have already helped hundreds of companies around the world to respond quickly to change and be ready for the future.
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