What is ERP?.
Enterprise resource planning, or ERP is a database software package that supports all of a company’s processes and operations, such as manufacturing, marketing, finance, human resources, and so forth. In other words, ERP aims to create a single, integrated system for the entire business.
Improve business efficiency by implementing an ERP system.
An ERP investment provides your organization with a more seamless way of working, increasing productivity while achieving significant cost savings through increased productivity, reduced time-to-market, improved quality, and shorter lead-time.
Benefits of using an ERP System.
Despite initial investment, streamlining assets and centralizing data reduces overhead because there are fewer mistakes, duplicates, unnecessary expenditure, and headcount, and teams are empowered to work more efficiently. ERP should let employees focus on strategic, high-value tasks that grow the business rather than mundane, repetitive ones. That’s a big workplace mindset change.
Enhanced data & Information security
ERP systems are popular for their security. ERP vendors offer data encryption, multi-factor authentication, and password policies. Data access and visibility have vulnerabilities, but most ERP vendors use role-based user controls to limit access to what users need.
Data accessibility and reliability
Since your ERP is managed centrally by a dedicated team, your data is more reliable and accurate. This avoids compliance issues because you can set your ERP system to meet industry standards and have business-wide oversight.
Improved efficiency and productivity
Automated tasks and workflows can transform your staff’s day-to-day and allow them to do more “value-add” work without manual data entry. All without adding staff and with fewer errors. Data insight can identify cost-saving or streamlining activities and maximize departmental efficiency. Time saved can be significant. The finance team can relax at month-end with reliable data and a single source of truth.
Improved customer service
ERP gives your sales team better customer service by centralizing customer data. Salespeople and account managers have access to all customer data, making it easier to respond to inquiries than with a CRM system. ERP data can help sales and marketing acquire customers and automate key parts of the customer journey to speed up the process.
Increased capacity for planning and visibility
Users have complete visibility into their department and the company. ERP provides highly customized reports to predict sales, costs, and resource needs. Business-wide and department-level planning now has a solid foundation and better insight for faster, better-informed decision making.
Great benefits of Odoo ERP.
Odoo ERP targets Small, Medium, and Multinational Enterprises with multiple departments. Odoo ERP integrates Manufacturing, Finance and Accounting, Purchase, Sales, Warehouse, Customer Relationship Management, Human Resource, Point of Sale, Ecommerce and Website, Project Management, Document Management, and more to boost productivity and efficiency.
Other ERP Systems