The Top 8 Best Benefits of Having an ERP System
“G2Crowd defines Enterprise Resource Planning (ERP) systems as integrated systems that manage all aspects of a business; aligning financial management, human resources, supply chain management, and manufacturing with the core function of accounting. ERP systems are used to provide transparency into the entire business process by tracking all aspects of production, financials, and materials.
These expansive systems act as a central hub for end-to-end workflow and data. ERP systems tie together and define a plethora of these business processes, and enable the flow of data between them. By collecting an organization’s shared transactional data from multiple sources, ERP systems eliminate data duplication and provide data integrity with a “single source of truth.” Today, ERP systems are critical for managing thousands of businesses of all sizes and in all industries.
As technology continues to advance and evolve, 2019 is the time to consider investing in an ERP system if your company doesn’t have one in place already. As your organization grows, new challenges arise – processes get more complicated, supply chain management is harder to control, and financial expenditures increase. Your efficiencies can tend to wane if you are not utilizing all of your information in productive ways.”