An Enterprise Resource Planning (ERP) solution, basically integrates both internal and external communication with a single system. That is, ERP solution can collaborate information and processes (both external & internal) for various business functions like manufacturing, finance & accounts, human resource and the supply chain management. ERP is valuable for any business for its ability to provide accurate and updated data across multiple functions. If ERP is not implemented in an organization, communication will go to-and-fro from department to department and also leave a long paper trail. Main purpose of an ERP solution is to connect all the different department and provide relevant, accurate and updated information at all times.
Benefits – ERP Solution
Since all the data can be accessed from one location, it easier for the employees to manage and perform day-to-day tasks.
Managing day to day activity made easy
Moving to cloud reduces the cost of managing and maintaining servers. Cloud computing eliminates the need to invest in servers and software. Cloud also reduces the overhead costs like IT staff, power, data storage and bandwidth. They are different payment models for cloud like one-time payment and pay-as-you-go, therefore business can choose according to their need.
Improved decision making
ERP in place will give easy access to the data, hence making it easier for the management to take crucial decision with ease. This is easy for the management as all the data will be of quality and updated.
Reduced Operation cost
With ERP, all the department’s system are connected to one integrated system. By integrating, the organization can do away with the issue of duplicate data or information. ERP also reduces the production cost and the inventory cost. Cost of supply chain management is also reduced by improved procurement, demand forecasting and inventory.
KNOWARTH offers complete ERP solution based on leading open source product iDempiere. We help businesses implementing end to end ERP solution with lowest TCO compared to proprietary ERP Solutions.