5 Reasons Why ERP Is A Business Necessity

Business owners are constantly faced with difficult decisions on a daily basis on how to manage their business most effectively. There are many solutions out there that can be combined in order to aid with such a task, however there is only one type of solution that can handle all of your business processes within the one software solution, and that is Enterprise Resource Planning (ERP). Maybe you have heard and are already aware of ERP software, and you may be wondering whether it is worth the time and money to invest in an all encompassing product such as Herbst Enterprise.

1. Complete Integration

ERP manages and distributes information in a single system, meaning that everything you ever need to know or access is all available in the one place. In this way, data is kept consistent, up to date and links together all of your departments and internal processes. The key advantage to this is less time paper-chasing with the elimination of paper, and also the elimination of duplicate information from browsing multiple systems.

2. Real-time information

With an ERP solution, decision making can be conducting with true real-time information that is available throughout the system. No longer do you have to make decisions based on a whim or with incomplete data. ERP provides you the opportunity to have all of the most important and factual information readily available at the touch of a button, and provides management with true business intelligence that can really bring your business to the next level.

3. Total control and customisation

Management now has the tools to grant and revoke access to specific functionality easily. An ERP system is completely flexible and allows for the complete customisation of views and activities at any level. With such power comes greater efficiencies throughout your business’s workflows and allows individual users to only see what they require at any given time.

4. Managed and controlled costs

ERP systems can calculate and collect costs so you always have an accurate picture of your product cost and margins. You can manage your entire procurement and sales processes and drill-down to documents for historic information. With such information, it is easy to forecast future sales and purchasing strategies and keep track of relevant transactions.

5. Enhanced stock control

If your organisation has to keep track of large quantities of stock/inventory and has a production process, your business also benefits from improved management in these areas. An ERP system can be used to simplify the task of manage your product life cycle and then optimising inventory operations across the organisation. Real-time tracking of stock levels makes it simple and easy to optimize your efforts rather than create an informed guess about volumes, processes and more.