Flow of data is very important for any organization. ERP is a special type of accounting system that integrates all modules of an organization or business process together. Companies are able to streamline the management process with help of erp system. Uses of ERP software have several benefits over previous accounting software. Erp is not only beneficial for big organization but it is also beneficial for small & medium sized enterprises. It has positive impact on business relationship of customers & suppliers. |
From business point of view, flow of information or data is an important factor that directly affects it. It is not possible to operate an organization without complete, reliable fast information of finance, production, stock & sell. Hence to operate the business or an enterprise it is necessary to maintain proper flow of information. Enterprise Resource Planning ERP Software is a special type of software that integrates the entire data of a company & keeps records of whole.
ERP System is a database system that supports the management of medium & large companies or organizations by processing data. ERP system covers all areas of a business like HR management, CRM, supply chain management, sales, purchase, stock, accounts etc. It connects all departments together so that user may be able to access all data together.
Advantages of using Enterprise Resource Planning Software:
Implementation of ERP system is not so easy. It is very challenging. However more & more organizations either big or small is now adopting it due to several benefits of its application & these are as follows:
1. Less access time: Now date is easily accessible from anywhere any time. Employees can share their ideas with one another. Since data is accessible from anywhere without taking more time, the users can use their precious time to solve other problems.
2. Better order management: With erp implementation, now it is easy to keep records of data. User can easily access information about order, order date & about its dispatch. Now everything is transparent.
3. Cost Reduction: With erp implementation all thing goes online & there is no need to spend more for keeping records of every data manually. ERP system is able to store huge amount of data & thus it reduces the company cost.
4. Customer Service Improvement: Now it very easy to contact with customers & talk about their need. Erp has improved customer service.
5. Better communication between departments: Now users of different departments of a company can easily contact with each other. They can discuss about company's sale, purchase & inventory.
6. Increased Data security: With erp implementation, date of a company is more secure in comparison to old accounting system.
7. Automation & unification of data.
8. Increase in goodwill
9. Reduced production time
10. Increase in work productivity
11. Achieving profitability
Accesses to information, profitability, increase in production, company's growth are major important benefits of erp system implementation. ERP system allows faster as well as effective control on company's changes.
These days' large companies are not able to work properly without support of erp software. Hence it is essential to adjust it at the time of erp implementation.
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