ERP (Enterprise Resource Planning) software is being used by a growing number of organisations to manage their day-to-day business processes, such as accounting, procurement, sales, distribution, manufacturing, and project management.
As a sole collection point for all an organisation’s data from multiple sources, ERP solutions act as a “single source of truth” – eliminating data duplication and enhancing data integrity, which enables you to drive growth, manage costs, and increase productivity.
But not all ERP solutions are created equal. Check out Acumatica Cloud ERP.
Take control of your business
Businesses need to ensure that the ERP solution they choose contains a solid, scalable, user-friendly platform which can grow as requirements evolve.
The ideal financial management module should be paired with an end-to-end distribution management function which runs right through from the requisition process to purchasing, order management, inventory tracking, and automated inventory replenishment suggestions.
For even better results, an integrated customer management module is necessary. This type of application provides real-time sales data and marketing functionality. A self-service customer portal capability would also allow your customers to access the relevant information you want them to see.
And while you’re at it, you might want to look for an ERP software solution that also has project accounting capabilities. A good project accounting module makes it much easier to meet project objectives on time and within budget, manage complex reporting requirements, and to include projects in company-wide financial reports.
Play to your strengths
An effective ERP solution will allow you to concentrate on the people who really matter – your customers. By providing a picture of what is working and what isn’t, an ERP solution can dramatically increase your insight into marketing effectiveness, allowing you to efficiently funnel people into your sales pipeline.
Marketing automation with ERP takes care of the mundane and repetitive tasks like promotional emails and social media, allowing you to focus on following sales leads and better aligning your teams. Combing sales and marketing with financial management gives you a true picture of where you should be investing. Learn more about Acumatica’s CRM with integrated Financials.
Empower your people
Take a look back at your past week. How much time did you spend on your mobile device, compared to your PC or laptop? Probably a significant amount! Mobile capability is essential in today’s business world. Your business isn’t confined to one building, so why should the people that manage your business be?
A quality, well-designed ERP solution will allow your your people to stay on the ball wherever it is they need to go – anytime, anywhere, and on any device. The last bit is particularly important, unless you want to be replacing all your employees’ phones with the same model of mobile device.
Boost productivity, cut processing time
Scheduling capabilities allow businesses and individuals to manage calendar systems for appointments, bookings, human resources data, and other time-critical information. Efficiency is enhanced by ERP software which automates these basic aspects of your business – working in the background while you get on with other important tasks.
But that’s not all. The top ERP solutions allow you to access the information you need, three times faster and slash the navigation time between records in half. AME Corporation, a mid-sized manufacturer with operations in the US and China, registered an astounding 400% increase in productivity just by using Acumatica Cloud ERP. That same ERP solution cut online payment platform provider Payza’s payroll processing time by 35%.
The future of business
So you need instant access to your financials anywhere, anytime no matter what browser or device you use; you want to save time by automating key processes, you’d also like real-time visibility into how your business is performing, and of course you need your people to work together with the same information in real-time. Who doesn’t?
And because nobody wants to laboriously document their business’ every transaction, send the same email a zillion times, spend hours on the phone with their accountant, or perform time wasting tasks like scrolling up through infinite email chains to make sure it’s been seen by the people who need to see it – the shift to utilizing an ERP solution becomes less of a decision, and more of a dawning realisation.