The Buyer's Guide
What Is ERP?
Why Do Businesses Need It?
ERP has evolved immensely during the past decade, which makes it more accessible to companies of all sizes across different industries.
Enterprise Resource Planning or ERP is a process of using technology to connect all departments and functions within an organization into a unified system and enable data flow between them. An ERP software is designed to automate the sharing of information, avoid the duplication of data, provide data integrity and facilitate informed decision taking. All-in-all, it is an advanced technology enabled system that serves each department's specific needs, while making business management a hassle-free affair.
An ERP system could be ineffective unless carefully implemented. Improper implementation can also lead to failure rather than profit for businesses. Successful ERP implementation is one of the key factors in getting quick ROI.
How it works
How Does An ERP System Work?
The intrinsic characteristic of any ERP program at its most basic level is to combine complex functions conducted in multiple departments into one framework. ERP systems streamline business processes and information across the entire organization, remove barriers that existed between departments and make corporate data easily accessible.
In addition to providing department-wise synchronization, ERP software also automates and simplifies daily business processes.
ERP systems also include multiple modules, each of which is typically designed to focus on maintaining workflow of a specific business area. Unlike standalone business management systems in which information is manually entered to generate consolidated reports, an ERP solution allows employees to generate any report automatically from a single system, without any additional effort. Other ERP offerings include interactive dashboards to help the staff easily and swiftly understand business performance based on key metrics, in a single glance
ERP systems also include multiple modules, each of which is typically designed to focus on maintaining workflow of a specific business area. Unlike standalone business management systems in which information is manually entered to generate consolidated reports, an ERP solution allows employees to generate any report automatically from a single system, without any additional effort. Other ERP offerings include interactive dashboards to help the staff easily and swiftly understand business performance based on key metrics, in a single glance
Boost business efficiency
What Does An ERP System Do?
The main purpose of implementing an ERP system is to boost business efficiency and profits through proper utilization of resources and human capital. Whether it is time, capital, personnel or any other aspect, if you can minimize the materials and other resources that are being used, without sacrificing quality or efficiency, then your business would witness growth more quickly and sustain it with ease.
ERP software is a powerful tool to help businesses control their finance, human capital, sales, production, and other business areas. It incorporates reports and metrics from multiple departments and makes them accessible on a single platform. This makes it easier for businesses to get a complete overview of all departmental processes and resources that are being used. The management can use the key insights to enhance the quality of decision making and improve resource planning, a much-needed trait for a business to generate higher growth and good returns.
In comparison, the lack of an ERP system leads to imbalanced resource planning and improper distribution, resulting in underperformance and failure.
Key Benefits
Key benefits of ERP systems
In today's complex business world, it is quite impossible to ignore the impact of an ERP system.
Because all organizational data and processes are managed through ERP systems, enterprises can
integrate different departments and improve the overall workflow, resulting in significant savings.
Because all organizational data and processes are managed through ERP systems, enterprises can
integrate different departments and improve the overall workflow, resulting in significant savings.
Improved operational efficiency
by improving information sharing across the business functions
01
Get better business insights
with reports generated through real-time data
02
Reduce operational costs
with streamlined business processes and a defined allocation of resources
03
Consistent user interface
with the same look and feel of the software for both back and front office activitiee
04
More controlled business
with advanced operations tracking and management features
05
Enhanced data security
with multiple level access permission and controls
07
High adoption rates
with intuitive software architecture and exceptional user experience
06
Types Of ERP
Types Of ERP Systems
Based on the size of the organization, the industry it is used in and the
technology it uses, ERP systems are broadly categorized into three types.
technology it uses, ERP systems are broadly categorized into three types.
RIGHT ERP
ERP Models
All In One place
With the right ERP systems in place, users have access to accurate business information, which enables them to make quicker decisions, eliminate redundant processes and lower the overall operating cost. Businesses can choose the implementation methods of their ERP software according to their specific organizational requirements. It is divided into three different modes: cloud, on-premise and hybrid.
The cloud ERP systems can be either private or public. The online IT resources are made available through public cloud ERP systems by external service providers. Companies using the service would only have to pay the fee for the resources used. In private cloud ERP systems, IT resources are owned by the organization and can be accessed only by its employees. Both provide excellent means for quick ERP deployment, with cost advantages.
On-premise ERP systems run applications on servers that are set up in the organization's premises. Companies using an on-premise ERP solution have direct control on the operations and maintenance of servers and storage. This requires higher investments in terms of expenses and resources spent on their upkeep.
A hybrid ERP is a combination of both cloud and on-premise systems. Organizations using a hybrid ERP system can continue to operate critical business data under their control, in their own data centers. At the same time, they can also gain advantages in storing massive data volumes through a flexible and scalable cloud ERP system.
what to consider
Factors To Consider
While Choosing An ERP Software
For a business that is growing constantly, you need to make sure the ERP systems can sustain
its expansion. In other words, you need to identify the ERP system that is best for your business, considering future
expansions and growth opportunities. Here are some of the fundamental factors you need to consider while choosing an ERP software:
its expansion. In other words, you need to identify the ERP system that is best for your business, considering future
expansions and growth opportunities. Here are some of the fundamental factors you need to consider while choosing an ERP software:
digital transformation
Next-Gen ERP Systems
Organizations should have the choice in today's digital age to make timely, informed decisions about how to adapt, make improvements and implement new strategies. They also need to be able to effectively manage and monitor what works and what does not work for them, to re-allocate resources for better returns.
Next-generation ERP systems leverage emerging technologies in order to keep up with the latest trends, such as driving operational productivity and business development through AI, IoT, Machine Learning Automation and Blockchain. Increasing customer expectations and industry competitiveness has also begun pushing companies to pursue innovation and accept digital transformation.
Next-generation ERP systems leverage emerging technologies in order to keep up with the latest trends, such as driving operational productivity and business development through AI, IoT, Machine Learning Automation and Blockchain. Increasing customer expectations and industry competitiveness has also begun pushing companies to pursue innovation and accept digital transformation.
Share information
ERP's Business Value
ERP systems can structure all business processes in the most effective way possible. They promote the sharing of information, allowing each department to communicate effectively and enhance the credibility of the information.
ERP systems also provide business intelligence tools that enable real-time reporting, a much-needed feature for informed decision-making and predictions of future challenges that an organisation may face.
Get Started With
ATradezone Cloud’s ERP Solutions
Whether you're a Small or Medium Business owner looking for a cloud-based ERP solution to improve productivity, or a large business that needs to support and grow all-round business development, our AI-powered ERP systems are designed and developed to help your business thrive.