5 Questions answered about ERP

You hear the term ERP, and in your mind (read our post: What is ERP?), you get so many questions about it. We understand, it is not an easy topic, and that’s why we want to share our expertise in this field with you. It covers every single aspect of your business, it’s as essential as hiring top talents that will uplift your company. We gathered the top five questions about ERP and answered them in a simple and easy-to-read way in the following blog.

Who uses ERP?

Enterprise resources planning is for me and you. Everyone in the company is ¬–in one way or another—involved in the system. Like a beehive, every bee handles its task, but they all work under one hive that stores all their work. ERP is your hive. Manufacturers, retailers, restaurants, hotels, and all corporations of all sizes need ERP, again, it’s for everyone. ERP is there to help all corporations become more self-aware by linking information about production, finance, distribution, and human resources together.

Because it connects different technologies used by each part of a business, an ERP will reduce costs, increase your business productivity, and save your team an enormous amount of time to focus on more important tasks.

How do ERPs work?

Today, ERP systems define corporate architecture. It is thus crucial for a company to decide whether to build the system itself, buy them from a vendor, or rent them from an ERP service provider.

Organizations have had two alternatives when selecting an ERP architecture:

An overly complex, custom-designed system typically developed in a legacy environment to meet the organization’s specific requirements.
An off-the-shelf system designed to be amenable to a changing environment and to be implemented more rapidly at a lower cost.

Although custom-designed systems provide the desired degree of functionality, their size and complexity require lengthy design, development, and implementation efforts.

Whereas off-the-shelf systems provide broad functionality, better integration with existing legacy systems, greater flexibility to change and upgrade, and a lower total cost of ownership. Most businesses are adopting these tools en masse. SAP, Microsoft, Oracle, Lawson, QAD, and SSA offer by far the most popular off-the-shelf ERP packages available today.

Many firms are deciding to buy—rather than build or rent—commercial off-the-shelf (COTS) software from third-party vendors like CODERS, for several reasons:

Only organizations with deep pockets can viably maintain the high total cost of ownership and complexity associated with developing and preserving custom-designed systems.
Many current systems are technically outdated, and the ongoing redesign of business processes makes existing software functionally obsolete and a potential business impediment.
Off-the-shelf solutions integrate the best business practices from a variety of industries. The ability to incorporate these best business practices into your firm’s operations translates into bottom-line improvements.
Companies realize that software development may not be a core competency. It’s estimated that more than 70 percent of internal software practices fail. To cut the risk, companies outsource software development activities.

How do you choose the right ERP system?

The Enterprise resource planning software you select will serve as a foundation on which your business’s many operational areas will be integrated into a single system. It is like a roof that encompasses and links all your business sectors and systems, allowing you to exchange data and make superior, data-driven choices throughout your whole organization.

The following are three factors to examine before selecting an ERP solution:

The ERP should offer flexibility and scalability
Ease of use and contextualization
ERP with support for mobile users

Choosing and implementing an ERP technology solution allows you to perform innovatively, maximizing efficiency and visibility across all your business operations, including purchasing and sourcing, production, and asset tracking, as well as sales and advertising, distribution, and customer relationship management.

Save yourself this time and let the experts do the work for you, we listen to your business needs, we analyze and study them, and then suggest the best custom-made solution for your business. Get your free consultation today.

What is the importance of ERP for your business?

ERP makes all your business processes much more efficient. It has been called a transformative tool for managing and monitoring companies.

ERP integrates all the essential systems such as CRM, human resources, manufacturing, accounting, purchasing, payroll, or inventory into a single database.

A good ERP system can:

Reduce expenses:
ERP provides real-time data about the company’s daily operations. Based on this data, CEOs and other decision-makers can plan their strategies based on the information. With an ERP, you can also save on administrative and operating costs, and ease your daily operations
Increase productivity:
By eliminating manual procedures and legacy applications from day-to-day work, you save time and boost your company’s productivity, because now your staff can concentrate on more important tasks instead of wasting time on manual data entry and more.
Provide mobility and flexibility:
It is essential for a modern ERP solution to be able to operate numerous features by utilizing a centralized database and deliver precise information for use no matter where you are in the world. Remote access to necessary data is crucial, will save you time and resources, and guarantee delivery of quality work within deadlines. Hence, a good ERP should have the possibility of mobile integration and should be considered before investing.

What is the best ERP system in the market?

An effective business is one that implements ERP on its computer networks as it automatically increases productivity, efficiency decreases costs, and streamlines processes. The best ERP solution as considered by many business leaders is said to be none other than Microsoft Business Central. The investment by a business for their computer networks on Microsoft business central ERP turns out to be worth it.

The Microsoft Business Central is no more just Dynamic NAV but is now Dynamic 365 Business Central. Not only Microsoft has changed its name and logo, but it has also produced several extra benefits which in turn help Business Central reinforce its leading position in the ERP software sector of SMEs. As per ERP Consulting services experts, the money, time, and energy invested by Microsoft Business Central in making the best ERP software for the companies have given out huge returns and has even helped Microsoft retain its position of providing the best ERP software, again and again, sidelining its competitors.

Today one can find a number of ERP software in the market but when compared with Microsoft ERP software like Business Central, the benefits provided by Microsoft both in terms of money and work would easily out shadow any other ERP software.

Helpline:

ERP Solutions in Lebanon | Microsoft Gold Partner