ERP: More Than Accounting Software
To put it simply, ERP is a system that integrates (or connects) all of your business functions or transactions into one single software application. One system that runs everything from the shop floor, warehouse, or in the field to the accounting department, customer service, or executive office.
ERP systems (which include the "core" functionality of accounting software and a general ledger) typically integrate functions such as Inventory and Supply Chain Management, Order Processing and Purchasing, Customer Relationship Management, Manufacturing, Financial Reporting and Accounting, and more.
One Single Database for Better Efficiency and Reporting
- Accounting and Finance
- Order Processing and Purchasing
- Inventory Control and Warehouse Management
- Manufacturing and Supply Chain Management
- Reporting, Business Intelligence, and Analytics
- Much more ...
Plus with all of the data and information from across your business (or "enterprise") in one database, reporting is faster, easier, more accurate, and helps everyone make better and more informed decisions.
ERP software helps you run like a lean, mean, profit-making machine!
What Are the Benefits of ERP?
Key benefits of implementing the right ERP software can include:
- Streamline key processes - eliminating manual processes and converting spreadsheet or paper-based tracking methods will maximize efficiency to help your staff get more work done in less time.
- Reduce operational costs - ERP systems help identify process inefficiencies and areas for improvement to inform business decisions that reduce operating costs, while at the same time helping to grow your business.
- Bridge departmental gaps - ERP ensures everyone is on the same page, improving the flow of information between departments and managing all operations in one single location/database. No more messy networks of disconnected multiple apps running different areas of your business.
- Deeper reporting insight - eliminate information silos, gain a single source of truth, and get fast answers to mission-critical business questions.
How is ERP Implemented?
With cloud ERP, your software typically runs on a 3rd party provider’s cloud hosting platform. Maintenance of the IT hardware, servers, and often the ERP system itself is handled by the provider.
This is the "classic" model of ERP implementation where you manage and control everything at your location, on your own IT infrastructure. The installation, system maintenance, and software updates/upgrades are the responsibility of your own IT staff (or a support provider such as a Sage Authorized Partner).
This implementation method combines aspects of both Cloud and On-Premises deployment to create a hybrid ERP approach. For example, some of your ERP applications and data (perhaps your core financials or most sensitive data) is hosted on-premises while other less mission-critical functions (perhaps sales/CRM) are hosted in the cloud. This is sometimes referred to as two-tier ERP.
ARE YOU READY FOR ERP SOFTWARE?
Are you ready to experience what ERP software can do for you?