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Benefits of ERP

What are the benefits of an Enterprise Resource Planning (ERP) platform?

 

The implementation of a comprehensive enterprise resource management platform or ERP has a wide impact on the company and has many benefits. But what are these benefits and where do they show themselves? Let’s learn more about the effects of ERP in the company.

Processes:

  1. Automation of processes and operations
  2. Better communication between different departments of the company
  3. Standardize processes
  4. Simplifying and improving business operations and processes
  5. Customize and adapt to business needs
  6. Management of all systems and processes with one software
  7. More supply chain transparency
  8. Reduce operational and ongoing costs

Data

  1. Real-time and online access to data
  2. Delete redundant data and information
  3. Data security and assurance
  4. Improve the ability to analyze business data
  5. Improving the speed of information processing

Employees and Reports

  • Employees:
  1. Increase security without hindering employees
  2. Improving the working conditions of personnel
  • Monitoring and reports:
  1. Increasing the speed and transparency of reports
  2. Increasing supervision and control over the supply chain
  3. Analysis and tracking of performance indicators (KPIs)
  4. Close monitoring of accounts and cash flow

Management and customers:

  • Decision making and management:
  1. Smartening and improving the decision making process
  2. Helping to design growth and expansion strategy
  3. Facilitate management
  • Customers:
  1. Increasing capability and improving response speed
  2. Better customer service
  3. Increasing satisfaction and thus creating loyalty in customers

Results for the company:

  1. Increasing efficiency and productivity
  2. Reduction in costs
  3. Increase production, sales and profits
  4. Increasing scalability and facilitating it
  5. Increased flexibility against market changes
  6. Making the company more competitive, especially compared to larger competitors
  7. Increase in capital gains

What do the numbers say?

23%

Average reduction in operational costs and 22% reduction in management costs after ERP implementation

58%

Of small to medium companies were more likely to invest in cloud implementations for ERP.

88%

Average reduction in operational costs and 22% reduction in management costs after ERP implementation

24%

Of organizations consider their enterprise resource management system as one of the reasons for their success.

80%

Of organizations are told that the consolidation of organizational data in one point, which is done by the organizational resource management system, has allowed them to produce new applications and tools for their business.

28%

Of organizations cover their installation costs in one year, and more than 58% of organizations in less than 2 years (break even). However, for 15% of organizations, this issue can take up to 3 years.

23%

Of organizations prefer cloud systems over systems installed on personal servers.

89%

Of companies consider accounting to be the most important module. Warehousing, customer relations and sales are next.

95%

Businesses have achieved major improvements and growth after using an enterprise resource management system. Reducing the time needed to carry out processes, increasing cooperation and integrating all organizational data have been introduced as the main reasons for these developments.

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3. The Agreement

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The Owrang team starts work immediately after signing the contract, and from this stage until the end of the project, it will provide you with expert advice in each step of the work according to your needs.

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