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An Introduction to ERP Software

In some ways, it’s never been easier to manage your business and everything it entails. However, in other ways, it’s probably safe to say that all these options make it extremely challenging to understand of all the moving parts. Fortunately, with ERP software, you can get control of your company’s many assets and focus them toward your business goals. If you’re not already making use of this powerful advantage, keep reading to learn why it’s worth your consideration.

What Is ERP Software?

ERP stands for Enterprise Resource Planning. It’s a form of software that brings together a number of different applications so that the information they each individually provide can be used through one central location. This software also makes it possible to interpret the information and store it for use at a later time. Depending on the processes you’re using ERP to manage, you can even get this information in real time as it changes.

The Benefits of Using ERP Software

The primary benefit of utilizing ERP software in your business is simply visibility. All the core business processes you rely on get brought into stark relief in such a way that you not only see how they’re working, but also how they’re interacting with one another (even if this is happening indirectly). Until you get eyes on these important business functions, you simply won’t know if you’re getting everything you need from them.
Along with this visibility comes an overall better workflow between departments and/or staff members. As it stands, they could all be using different applications for their role and many of them probably influence the other. But again, without visibility on these interactions, you don’t know if they’re helping or hurting one another. This also means that any inter-departmental practices are being tracked and that none of them are simply happening off the radar.
Plus, with a single system for reporting, you can rest assured that all the statistics you need are being updated in real-time in one single place. This also eliminates much of the risk of human error where reporting is concerned.
By using ERP software across departments, you’re largely eliminating the issues that can occur when different teams use their own unique brands. One of the main examples of this is when a single department has to update their brand, perhaps taking them out of the workflow while everyone else continues to work. As everyone is on the same page with ERP, this issue is almost completely resolved. Some versions of ERP software will include certain business intelligence options. These functionalities will allow you to make key insights into how your business is running and find areas where it might be possible to improve your practices. This alone can be a huge benefit of using this type of software.
A lot of ERP software can also be upgraded or otherwise adapt to new versions of business applications. This is especially helpful in today’s day and age when many companies are continuously adding new software to their repertoire, much of which is simply downloaded of the web.
One benefit many people don’t think about with ERP software is the fact that any company that uses it automatically gets centralized storage. That’s because a database system is necessary for the backend in order to store all the data required by the software. So, at the same time, your company gets one more backup in case anything ever happens to the network.

Choosing the Right ERP Software

As you would probably expect, the first step to choosing the right ERP software is analyzing your own business processes. Otherwise, you may not end up with a good fit. Keep in mind, too, that ERP software is here to help you change what you do for the better too. So you want to look for the ways in which the software can not only meet the demands of your current core processes, but how it can improve them too.
Obviously, you have technical details to consider as well. Yes, ERP is primarily a business solution, but it’s also a digital one. You can pick any software you want, of course, but it will be easier if your company’s technical anatomy is already a good fit.
Along the same lines, always look for hidden costs. These can be especially dangerous with ERP solutions because of things like the need for new forms of software and hardware.
If you’re tired of moving parts that are under delivering, ERP software is the perfect solution. Not only will it bring those parts up to speed, it will help you make better sense of them too. 

Cloudswave Awards Q2 2016 : Best Enterprise Resource Planning (ERP) Software

The Cloudswave Awards is a seasonal ranking of the Top 10 business applications across several categories.
This ranking is based on the cloudswave score, the weighted average score that captures the essence of multiple critic reviews into one number.

Find out more about this scoring system

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