What is ERP and How Can Your Business Benefit from It?

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It is important for companies of all sizes to look for any tool that can give them an edge, especially with a business environment that is becoming more and more competitive. In this digital age, ERP systems are among the most effective of these tools. 

These solutions are available from experts like the Technology One specialists from Lanluas Consulting.  Gaining access to them can be a game-changer for any business operation, but before we get to this, let us take a closer look at what ERP is. 

What is ERP?

Enterprise resource planning or ERP is a software solution that can integrate various business processes, from sales to finance to production to procurement. This level of integration is what sets it apart from legacy operating systems that could not offer more than an individual business process and do not help with future growth.    

ERP was originally designed for manufacturers when it first came out decades ago. It has evolved over the years, allowing it to expand to many other sectors, including service, retail, wholesale, health, education, the government, and all other organizations that manage employees, purchase or sell products, and account for finances. 

Why Should Your Business Care About ERP?

Based on a recent study, 81% of all companies are either using ERP or are in the process of integrating it. This should be reason enough for you to get in touch with the Technology One specialists from Lanluas Consulting or other providers. But if you need more convincing, below are some of the most compelling benefits of ERP.   

  • Cost Savings

You often hear that you need to spend money to make money. In the case of ERP, spending can help you save in the long run. This is especially true if you have a disjointed operation.

ERP can unify various functions, allowing you to access all the needed tools from a single system. This will make your operation more efficient and your staff more productive. Aside from the enhanced productivity, ERP can help identify redundant processes that do not add value. You can eliminate these redundancies, reducing your operational costs. 

  • Better Business Decisions

With the help of experts like the Technology One specialists from Lanluas Consulting, you can centralize your information in a single database. This will improve your capability to analyze the data and submit the report to those who need it. 

In the old days, these reports would take days to complete. This means that, by the time you get it, the right time to make the best business decision would have likely passed. With ERP, you have real-time insight so you can act quickly. 

  • Improved Date Security

One of the biggest concerns for a data-driven operation is security. This is something that ERP can provide. ERP systems have firewalls built into them. They also have restriction controls in place that can monitor access points. 

With an ERP system in place, important data is only visible to those who need it. User activities are also monitored and tracked to identify unauthorized access and suspicious activities.

Implementing an ERP system has many more benefits to offer aside from those above. And while it is true that every business has unique needs and is facing different challenges, ERP offers a flexible solution that can help any company operating in today’s digital business environment.  

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