A Quick Guide to Enterprise Resource Planning

Enterprise Resource Planning
Erp software

A Quick Guide to Enterprise Resource Planning

Enterprise Resource Planning (ERP) is the term used for the software solution that is used for simplifying the various business processes that a company undertakes. All the regular as well as the periodical tasks can be managed by the same ERP software. This makes the business management automated rather than taking manual effort for every single internal and external process related to the brand.

Fundamental Uses of An ERP System

Not all companies follow an ERP system, but those who do have an edge over their counterparts use this tool. So, let’s see how to handle the system using an ERP software. Primarily, brands use an ERP software for:

  • Purchase management
  • Customer relationship management (CRM)
  • Sales management
  • Inventory management
  • Supply chain management
  • Tracking of manufacturing and delivering
  • Invoice and bill generation
  • Accounting management
  • Managing of operations across multiple branches and divisions
  • Financial and other report generation and analysis
  • Project management
  • Saving and sharing of documents internally and externally
Who Can Benefit From ERP?

From a small sized company to a large enterprise of multiple divisions, ERP is beneficial for all kinds of businesses that is ambitious.

Benefits of Enterprise Resource Planning

An ERP software an effective tool for any organisation because it helps firms achieve the following:

  • Improved business reporting
  • Better inventory management
  • Cost and time savings
  • Enhanced customer service
  • Security and quality of huge data
  • Complete visibility of all business processes
  • Improved efficiency
  • Better planning
  • Enhanced competitive analysis
Going Ahead With An ERP System

Once you decide to have an enterprise resource planning system installed for your business, there are certain aspects that you should be aware of and be prepared for. Implementing an ERP system into your existing system involves many aspects. The cost of the software and the services provided as a part of the installation are some of them. The management must go through a thorough training in order to be well-equipped with the new software. So, the data conversion from the existing system to a new module could be time-consuming. Once the system is installed and run for business, the complete process becomes easier to handle. Thus, you will be heading to an upward growth of your business.

FactsERP is among the best ERP solutions available in the Middle East market. Hence, if you’re looking for a customised software solution for your firm, drop a line to info@facts.ae and we would love to assist you!