Overview: ERP stands for Enterprise Resource Planning – Think about all the core processes needed to run a company: finance, HR, manufacturing, supply chain, services, procurement, and others. At its most basic level, ERP integrates these processes into a single system.But new ERP systems are anything but basic. They use the latest technologies – such as machine learning and AI – to provide intelligence, visibility, and efficiency across every aspect of a business.
How a Next-Generation ERP System Works : See how new ERP uses digital assistants to help you focus on what matters, artificial intelligence (AI) and machine learning to automate processes, and predictive analytics to support real-time decision making.
Benefits of ERP
HIGHER PRODUCTIVITY
BETTER INSIGHTS
ACCELERATED REPORTING
LOWER RISK
SIMPLER IT
IMPROVED AGILITY
Types of ERP
There are three different types of ERP implementations-cloud. on premise, and hybrid. Explore the benefits of each and choose the one that makes the most sense for your business.
Cloud ERP
On-Premise ERP
Hybrid ERP
5 signs you’re ready for an ERP system
Most businesses start out using a variety of simple, standalone tools to manage different processes – such as QuickBooks or Excel Spreadsheets. Here are five signs you’ve outgrown them.
1. You’re spending more time on daily activities: If it’s taking longer to manage key activities, like closing the books, too many disparate applications may be to blame. ERP software integrates solutions and data into one system with a common interface, making it easier for business units to communicate and do their jobs effectively.
2. You have many unanswered business questions: Can you easily answer important questions about your business – such as revenue per product line or number of returns? If not, segregated systems and a lack of access to metrics and KPIs may be holding you back. Enterprise resource planning software is designed to address these challenges.
3. You have runaway business processes: Are there areas where your processes are getting away from you? Maybe it’s harder for you to manage inventory, satisfy customers, or keep costs in check. If so, your business processes may need to be restructured to accommodate growth or changing priorities – a natural fit for ERP software.
4. You have manual processes with multiple data sets: Are most of your departments using their own applications and processes to get things done? If so, chances are you’re spending too much time on duplicate data entry. When information can’t flow between systems, reporting takes longer, errors happen often, and decision making is hampered.
5. You’re missing out on fast-moving opportunities: Are you spending so much time running your business that you can’t pursue exciting new opportunities? Newer ERP systems include advanced, intelligent capabilities, like machine learning and predictive analytics, that make it easier to identify and capitalize on profitable new ventures.
ERP Offerings from Technosapians IT Solutions Information Systems
SAP
Microsoft
Oracle
Custom Build ERP