What is ERP System?
The Enterprise Resource Planning System (ERP System), is a business management system that helps simplify daily business processes. It helps businesses perform well through improved efficiency, accuracy, and transparency. Accounting, sales performance tracking, human resource management (HRM), supply chain management (SCM), data storing/analysis, Key Performance Index (KPI) tracking, customer relationship management (CRM), and many more can be integrated into one complete automated system through ERP.
The Business Values of ERP System
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Reduce Costs
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Increase Revenues
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Reduce workforce
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Increase Profits
Improve Business Insights
Through the implementation of the ERP system, business owners and managers will be able to get a better insight into all information and analytics of the business.
Enhance Collaboration and Efficiency
Data and information are readily accessible through integration. Communication and collaboration among departments can be vastly improved, thus promoting efficiency and effectiveness in business operations and management.
Lower Management and Operational Costs
Costs on acquiring new resources to manage inventory and operation can be lowered. With lesser costs, companies will be able to manage financial risks more effectively through maintaining financial stability.
Enhance Customer Services
The customer relationship management (CRM) function in the ERP system can help to enhance the customer services of businesses. With an ERP system, businesses will be able to stay connected with their customers and at the same time provide necessary support based on each customer’s needs.