Enterprise resource planning (ERP) software is designed to help businesses organize their operations and centralize their data. They can help companies improve their internal workflows and achieve better results, be it in the form of increased sales and deals, better customer service, or more business opportunities.
What Is an ERP?
An ERP is a business management software that consolidates a business’s key processes into a single solution. This includes everything from planning, purchasing, manufacturing, production, sales, marketing, distribution, finances, human resources, and customer service. It merges workflows and data from these departments into a central platform, making it easy to oversee and manage operations as a whole.
One of the best ERP packages out there is the SAP Business ByDesign modules. But what is SAP Business ByDesign, anyway? This top-recommended software is an ERP designed for fast-growing small and medium enterprises (SMEs), with all the relevant functionalities you’ll need depending on the size, industry, and type of company you have.
How an ERP Helps Businesses
Here are some ways that ERPs are beneficial to businesses:
Integrated Real-Time Data
All types of businesses deal with a lot of data, both internally and externally. It’s essential to have access to accurate and real-time information, and an ERP can provide you with these as it integrates everything into its interface. You can see everything from employee info and customer data to transactions and financial accounts all in one place.
Better Transparency and Accountability
An ERP puts a business’s entire operations into a central system, which makes it more accessible to people in the company. Relevant personnel can access necessary information and work, allowing them to better oversee and manage tasks. This accessibility, in turn, encourages accountability within all departments.
Increased Productivity
Companies that implement ERPs see increased productivity, consistency in workflows, and efficient activity. Gone are the days when employees had to drown in paperwork or disjointed files, take days to finish tasks, or deal with slow and outdated systems.
Improved Decision-Making
ERPs like SAP Business ByDesign have built-in business metrics and analytics tools that can help management and team leaders derive better insights. Your business decisions will be driven by data, making it easier to achieve your goals.
Reduced Operational Costs
Many people shy away from ERPs because of the cost of implementing ERPs. But considering the growth and productivity they bring, the return on investment outweighs the cost. Plus, configured and customized ERPs can be more cost-effective than using several apps and programs; it also reduces the risk of making costly mistakes that are more possible when using fragmented systems.
Flexibility and Adaptability
You can customize ERPs to fit just what you need, and you can expand them as your company scales. That means that you don’t have to worry about re-hauling every single time your company reaches new heights. Your ERP can grow with you.
How to Choose the Right ERP
There are plenty of ERPs out there, and choosing the right one is heavily dependent on what your company needs. Shop around for options and consider your budget, your company size (and your industry), and what features your business will benefit the most from when taking your pick.
SAP Business ByDesign: The ERP for Fast-Growing SMEs
SAP Business ByDesign is one of the best ERPs out there. It’s designed specifically for fast-growing SMEs; it’s customizable and expandable and offers all the necessary functions and features you need to seamlessly and efficiently grow your business—without the hefty price tag. Contact Navigator Business Solutions to learn more about SAP Business ByDesign, how it can help your business, and how you can implement it in your company.
