Why do you need ERP software?

Tech Falcon
Published on July 10, 2020

For many of us, the difference between an ERP software and a CRM software is not easily evident. Some of the solutions in the market, package ERP and CRM together, due to which it becomes difficult to see them as different software built for different purposes. This post is to explain the difference between and ERP software and a CRM software.

What is an ERP Software?

An Enterprise Resource Planning solution is an integrated suite of applications to manage multiple business processes from managing operations to tracking cash and raw materials and enabling efficient supply chain management. An ERP software generally offers a complete suite of accounting and financial management capabilities for an enterprise.

By implementing an ERP solution, a business gains a single comprehensive system. It allows the business to streamline and unify core business and operational processes on to a single platform through automation of tedious manual tasks, cutting unnecessary costs and providing access to real-time information and insights. A well implemented ERP software generally results in higher operational efficiencies with improved visibility, transparency, communication and collaboration across the entire supply chain.

Why you need an ERP Software?

Streamlined Accounting: If your accountants today depend on paper-based bills & sales orders and have to spend hours every week to manually enter the data into the system, an ERP can save their efforts and your money. An ERP will drastically reduce and in many cases eliminate human errors and speed up the overall the process. Financial reporting becomes easy, fast and error free .

Accurate Records: For an organization with multiple functions like sales accounts, production, marketing, distribution and so on, it takes significant time and effort to keep their records correct and up to date. With an ERP software, organizations can keep their records in order much more efficiently and can find and retrieve it a lot more easily. All this generally leads to improved employee and customer satisfaction over time.

Cost & Profitability Management: When you are able to take a complete record of cost and profit, your cost management becomes easier. You are able to identify profitable customers, channels and products with a click of a button.

Seamless Sales and Customer Experience: Inventory Management is a real big issue when it comes to expansion of the business It is very essential to keep the right amount of product, at right time and exact location. If, there is imbalance at any operation it may cause a problem. Also, it will affect your customers and automatically your sales. An ERP system will help the in-house team to manage the inventory properly so that you can turn a happy client into a loyal customer.

Smoother business process: One of the biggest problem in large locations in managing the business at different locations, different branches, different stores and at different time. As, the business expands it becomes more complex too. Hence, it takes time to be streamlined and it will affect your business to great folds. If you want your commerce to be the one that can respond to the changing needs rapidly, it is an alarming signal for your organization to opt for an Enterprise Resource Planning solution.