How Large Companies Benefit from Enterprise ERP Software

Enterprise resource planning (ERP) software has delivered proven value to large companies for more than 20 years. At a high level, switching to an ERP system increases a company’s productivity by creating a more organized and efficient business model. The powerful tools provided allow real time tracking of resources and data which can be accessed quickly and accurately to help businesses handle multiple transactions with ease. Consolidation of multiple databases into a single system is also a major characteristic of enterprise ERP software that benefits large companies.

Enterprise ERP Software Helps Eliminate Costs to Support Multiple Solutions

ERP systems can mitigate costs associated with supporting multiple software solutions by converting to a single hardware and software environment. Without ERP, a company would require different applications for financial management, inventory tracking, human resource management, sales and marketing, and many others. Using a single software solution cut costs since only a single program has to be implemented and operated.

Users see the same interface across all operations, and technical support staff need only train on the technologies used by ERP. Staff and tech support are able focus their efforts into a single program, and in return, they save time and resources.

Enterprise ERP Software Provides Better Access to Enterprise-wide Information

Faster and more accurate access to data is considered the most important benefit derived from implementing ERP. Because all ERP modules share a common database and modules are tightly integrated, data uploads and exchanges are unnecessary. All users have access to all data all the time according to their privilege levels. Open or well-defined APIs enable third-party applications to easily share information.

Greater Visibility in Operations

The comprehensive overview of business transactions provided by ERP greatly increases efficiency and informed decision making. Leading ERP systems are equipped with sophisticated features that can be viewed through customized dashboards that provide insight into global or detailed perspectives of the business. For example, insight into a customer’s order, their account status, inventory required to fulfill the order, and shipping schedules from a single dashboard allows for better customer responses to order inquiries. A second dashboard might provide cumulative data on all customer orders, accounts receivable, inventory, and production schedules. With ERP, each aspect of a company can be compared and evaluated.

Real Time Data Enables Informed Decision Making

All ERP solutions provide access to real time data, a major benefit enabled by the integration of the module suite. Without the delays associated with older, disparate applications that only exchanged data periodically, if at all, companies make decisions on what is actually happening, not what was planned or assumed. Real time data can be used to predict trends, identify workflow chokepoints, optimize production and inventory, and in general, make better and more informed decisions. Enterprise ERP software is used to create a global view of a company with live data so managers can make decisions based on current statistics.

Business Process Optimization