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An ERP software system can help you automate as well as streamline each and every business process or function with the help of a centralized and integrated software application. The main purpose of an ERP software system is to help ease the flow of data between all departments within an organization and at the same time maintain a connection with the company's stakeholders, if any. Basically, an ERP software system helps integrate the external and internal management of information. The most common feature among all these systems is the shared database which can support every function of each business unit in an organization on its own. In layman terms, it means that employees from various different divisions in an organization (like sales and accounting) have access to the same information to suit their own needs as separate departments of an organization. Now, let’s look at some of the core benefits of an ERP software system:- 1. Improved reporting - This is indeed a very handy feature. Most ERP systems come with countless different reports that can be generated. This means that an organization will no longer have to make decisions based on assumptions. They have the ability to view accurate reports and make an informed decision. 2. Increased productivity - An efficient process and software system will help improve the efficiency of employees. Also, knowing that the organization can easily check on any department or branch very easily will in turn lead to an increase in the productivity of an organization as well. 3. Integrated solutions - ERP systems will allow companies to integrate all of its business functions through a shared database and develop a centralized solution for all business processes. This will also help improve the efficiency of employees. 4. Flexibility - Some systems even allow you to change the modules on which it running according to the specific needs of your business at the time. Also, an option of upgrading their systems with the help of additional modules is also a possibility. 5. Inventory control - These systems allow a company to have a much tighter control on its inventory. They usually allow for inventory tracking through serial numbers, products, locations and even lot sizes. This makes it very easy for an organization to keep a track of the overall cost of inventory in an organization at any point of time. 6. Processing time - These software’s allow for a much lower processing time for a business transaction. Right from the time of initial purchase, through the reconciliations and finally to the payment everything can be monitored with the help of these software’s and this too helps in increasing the efficiency of an organization. 7. Profitability - A faster and more efficient solution will definitely result in higher profits for an organization. There are also returns on the initial investment of setting up the system in the form of savings on material purchase cost, inventory carrying cost, warehousing costs, distribution costs, etc. So you see an ERP software system can be the best thing that ever happened to your organization. What are you waiting for? Call an ERP vendor today. Read about ERP Software Market in India. Also know ERP Troubles and Solutions. Read about Success Factors for ERP Implementation.
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