Artificial Intelligence in the FinTech Industry – What is its role?
September 6, 2018
law firm software
The need for law firm software
May 31, 2019

ERP Software is making waves in the business world as one of one of the best solutions for streamlining business processes, but what exactly is it? Today, we’re going to take a deeper dive into ERP Software and why you should definitely consider it for your business.

Enterprise Resource Planning (ERP) is a software and technology solution which helps businesses manage core business processes, making them more efficient and profitable, and allowing them to run a smarter organization. ERP is being used by large companies so all departments can work simultaneously whilst having access to all organization process in real-time at any given point. As a business owner, you must always be updated about the arrival of raw materials, inventory space, customer feedbacks, production processes and planning, financial management, etc. As an enterprise, you will be able to operate more strategically with less risk and easier cross-team collaboration. Simply put, ERP is one of the best solutions for growing organizations. Here are just some of the ways ERP can benefit your business. 

Bye Bye Silos

Usually, each department of a business uses a different software to manage its operations. ERP software can combine all the activities of various departments into one platform so that your organization is integrated and all on the same page. There is nothing worse than silos in business. That disharmony has the power to severely damage organizations. If team members aren’t on the same page, the product won’t be at its best. ERP software works in favor of creating a cohesive organization by eliminating issues with data spread across different databases and saving time and increasing productivity. 

ERP Saves Costs

Expanding your business demands more time, energy and an invested team that can all work together on pressing projects and tasks. It’s more than just an investment of time and money. Without a proper ERP system, the process of running a business can become chaotic, the department may miss out on critical information, security risks may fall through the cracks and customer issues may be resolved inefficiently. An ERP software links all the departments together and keeps you posted. It’s kind of like your personal assistant – one that you don’t have to pay a full-time salary and benefits to. By reducing administrative tasks, ERP software saves businesses operational costs which means more time – and money – to scale.

Transparency in your organization

An ERP allows businesses to view every part of their organization’s internal processes, better-identifying risks, configuring changes and take more control over your customer’s journey through a fully integrated platform. Imagine putting a microscope up to your processes. That’s what ERP software allows businesses to do. 

Whether it’s sales, customer service, planning, accounting, case management, client intake, payroll, forecasting or all of the above, businesses can communicate effectively not only with their team but their customers. Streamlining these processes can increase efficiencies, foster growth, encourage flexibility and mobility and puts you at the forefront of technology, keeping you competitive. 

A More Satisfied Customer

The collective effect of this software is greater customer satisfaction.  Real-time data helps businesses solve problems quicker and help customers make faster decisions, ultimately leading to a better and more memorable customer experience.  

Are you ready to learn more? If you’re interested in learning how ERP software can bring your business to the next level, contact our team. Our ERP software C.A.R.E is completely customized to meet your exact business needs. Request a demo today. To stay tuned for Part Two, follow us on social media @elevantsolutions.