What problems can ERP software solve? The simple answer is “any and all problems,” but that might be a bit too broad to be helpful. So, following are 5 of the most significant problems ERP solves. These issues affect all businesses, great and small, demonstrating that ERP can be a great fit for and bring real benefits to most any company.
Siloed Data
This is probably the biggest problem of all at any company these days. Siloed data across a company not only limits collaboration but also prevents management and the C-suite from getting a holistic view of performance. ERP unifies all of your company data into a single platform, delivering that much needed holistic view. It also “cleans” your data by delivering it in real-time and reducing errors such as double entry.
Lack of Collaboration
None of the problems ERP solves creates more secondary, “smaller” problems than a lack of collaboration. ERP enhances collaboration. With all of that unified data, you can give your team a way to collaborate more effectively, for one. ERP can align workflows too, making it easier for teams to be on the “same page.”
Mismanaged Budgets
For companies that run multiple projects at once, staying on top of those budgets can be a nightmare. Part of this has to do with the fact that one department might track things one way, while the business office has an entirely different approach. By aligning all budgetary tasks, ERP ensures your budgets stay on track or that you at least spot issues before they escalate into big budget problems.
Inventory Problems
Managing inventory is difficult for even the most organized company. Whether you are in retail or manufacturing, the number of items and subcategories you must handle can easily balloon in the thousands. ERP streamlines inventory management so that you always know what you have and how much of it there is.
Inefficient Workflows
You’re adding staff and adding staff, and yet you can’t seem to keep up. How many times have you found yourself in that position? Inefficient workflows are almost always the culprit. By creating a unified place for data and communication with ERP, you can implement efficiencies across every department and at every level. And what could be better for your bottom line than that?
Are you plagued with some of these problems ERP solves? Get in touch today to set up a consultation and run through your ERP options. And soon, you’ll have your own ERP in place, along with answers to these cumbersome, yet all too common problems.
