If you are doing business you have probably already heard about an ERP system, or an enterprise resource planning system. If you have not, here is a crash course for you: ERP system is a special business software that helps companies manage all sorts of data they are using in their business activities. Sounds useful, isn’t it? Those who use ERP systems gain a number of undeniable advantages in the game.
Nevertheless, not all companies have it. For those who have already thought about using such a system but are still hesitating, SOLVVE would like to show some of the main benefits you get when using an ERP system. Let us look at them one-by-one.
Benefits of an ERP system
Firstly, by integrating an ERP system you make your business more flexible. There are many options for building such a system. However, you need the one that suits the specific needs of your company. A well-thought and properly adjusted software developed just for your company will help you track changes and react to them faster and more efficiently by deploying functions that are relevant to your business at the current stage, size, and time.
Secondly, an ERP system increases company’s efficiency. Think of it as a crossroads of all the important processes and relevant data kept in one place with a constant excess to all the stakeholders. You can choose what types of data you want to have there and what you want to do with it. For example, if you are a manufacturer, you probably would like to keep records of all the products coming from the assembly line. Or, if you are a service provider, you might need an invoice drawing function to bill your clients. And if you are an online marketplace, you might need to track orders and distribution of goods to retailers, etc.
Thirdly, and it is quite obvious by now, an ERP system is a great way to save costs. One may argue that developing, adjusting, and integrating such a system incurs great costs as well, especially for smaller companies at the early stages. However, once implemented properly, it gets easier for your company to cover for this investment and earn more profit thanks to the optimization that an ERP system provides. It automates many processes that otherwise consume the precious time of your workers which you probably pay for from your own budget.
It is clear that a good ERP system is a way to supercharge your business growth. Combine the three of the above-mentioned benefits and take a look at how it boosts your company’s performance as a whole. Moreover, if your system also includes CRM functionality you kill two birds with one stone as you don’t need to deal with two different software products to monitor and control both intercompany and intracompany activities.
Last but not least, depending on the ERP system you are using, you are also getting to network with other stakeholders in the industry. You might get access to partners of your service provider, or you might even become a part of a dedicated user community where you can interact with the leaders in the field. Remember to check who else is involved in the system, and maybe this will be your next big business cooperation.
Where to find an ERP system?
Throughout this article, we keep talking about a “good system” or “proper system” or “well-adjusted system”. That is because there are a lot of ERP systems out there and choosing the one that you need is puzzling. You can take one of two roads. Either pick up a solution that is already available on the market or create your own system.
In the first case, you need to know what makes a good ERP system and where to pay your attention when choosing one. In our experience, Odoo provides stable and reliable options that are easily shaped to fit your needs. For example, it has been successfully supporting a huge supply chain of Delmar, one of the largest wholesale distributors of jewelry in Canada and the US working through the network of retail partners.
In the second case, you need to choose a provider who can carefully design a system that is unique to your business goals and needs. If you are not sure how to approach this issue, what questions to ask, or what to include in your system, do not hesitate to contact us. SOLVVE experts will find the best solution for your goals and budget. Let us make this happen!