Benefits of an ERP Solution

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By Chintan Mehta

June 12, 2015

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

Increased Productivity

When an ERP Solution is implemented, all the relevant business data or information are easily accessible to all functioning departments at any moment. Since all the relevant data are easy to access, it save employees time and they do not have to go to each department individually for the required data. Hence increasing productivity.

Managing day to day activity made easy

Since all the data can be accessed from one place, it easier for the employees to manage and perform day-to-day activities of tasks.

Improved decision making

ERP in place will give easy access for the data, hence making it easy 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 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 also 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.