What is an ERP System and Why is it Important for Your Company?

What is ERP Software?

There is ERP software to help you manage your back-end processes. It’s a centralized program that can handle all of your essential business functions like finance and accounting, supply chain and inventory, and even HR tasks like scheduling. Put simply, ERP software organizes all of your most important data in one safe, organized, accessible, and easy-to-understand place. If your business has ERP software, this is the core program you need to keep track of all your data and moving parts. You won’t lose data in a stale spreadsheet. Your ERP gives you a complete, real-time picture of your day-to-day operations.

Why ERP Software Will Be More Important Than Ever in 2022

It’s a New Year and time for resolutions, right? Then why didn’t you decide to take advantage of ERP software? If you’re still hesitating about adopting ERP as a holistic solution in your company, it might be holding you and your team back. Here are just some of the reasons you will need ERP software in 2022.

What makes a good ERP package so important today? Let’s take a look.

Why ERP Software Will Be More Important Than Ever in 2022

It’s a New Year and time for resolutions, right? Then why didn’t you decide to take advantage of ERP software? If you’re still hesitating about adopting ERP as a holistic solution in your company, it might be holding you and your team back. Here are just some of the reasons you will need ERP software in 2022.

What makes a good ERP package so important today? Let’s take a look.

1. Save money for your business.

ERP solutions are designed to streamline IT. While legacy solutions meant staffing a full suite of IT professionals, ERP was self-sufficient. You can also scale without adding additional staff or operational IT costs. Additionally, with the business-friendly pricing models that ERP offers, you can deploy this new answer to your software needs without a huge upfront investment. Reasonable cost models, low operational costs, and increased IT efficiency also lead to a serious ROI.

Your company saves money by saving time for your team members. After all, time is money! When your employees find the data they need more efficiently, they can use their time more productively and generate more revenue.

An ERP also eliminates the need to pay for costly training of your employees on multiple systems—a major expense in itself and another waste of time for your team. Work with one provider and keep your employees on one system. Life becomes easier and less expensive.

2. ERP makes you agile.

The best solution takes care of redundant tasks and even makes reports available to your team quickly and easily. Your employees will thank you because they have time for more important and pleasant tasks. This increases your team’s productivity and morale, a win-win situation when it comes to sales and employee retention.

The business world in 2022 requires an immediate and flexible response to real market conditions. Your customers’ needs and market dynamics can change in the blink of an eye. ERP keeps you agile and ready to switch when needed. With its modular design, you can easily build on top of your original ERP infrastructure as your business evolves or the market changes. It’s a business solution designed to think fast, and that’s more relevant than ever in 2022.

3. Make Your Clients Happy

You need to make sure you’re doing everything you can to keep your customers more satisfied than ever. Regardless of what your industry does, there’s probably a super convenient option out there on the internet. Whether its clothing, restaurants, services, or anything else you can think of, there is opportunity and competition, and people are turning to online reviews to make their purchasing decisions. To make sure your customers have a great experience and leave your good reviews, you can start offering top-notch goods and services. Your ERP can help with the latter – as most good ERPs come with CRM (customer relationship management) integration. With a CRM integration, your team can make customer-centric decisions based on your data. You know order history, billing information, customer locations, etc. You can use the data to meet your customers at the right moment and understand what they are looking for. This achievement will help you shape your sales strategy and skyrocket your sales. Make your customers happy.

4. Smarter data, better decisions

With all your information stored in one central database, you have unparalleled benefits in terms of analytics and reporting. Your ERP stores all your user data so you can easily use the data to make smarter business decisions.

Generate reports faster and respond in minutes instead of days or more. Use customizable reporting capabilities to analyze the data that matters most to your business. When and where customers buy, what works and what doesn’t, and make changes to improve your bottom line.

Your employees can generate reports when they need them – which means you don’t even have to rely on your IT team anymore – and everyone has access to the data and can easily generate reports. Quick and easy access allows your team to react in real-time instead of always being a little behind the curve.

With ERP in place, you can see everything you need to see in real-time. Data is always true, clean and up-to-date and accessible through a single pane of glass. Business insights derived from ERP are more informed, dynamic and more likely to drive growth into 2023 and beyond.

5. Scale your business faster

When equipped with all of the above benefits thanks to a powerful ERP, your business will grow and scale with ease. You have all the data you need right at your fingertips, and the time saved by your ERP allows your team to manage your growing business.

The ERP manages the data while your team gets creative and develops new products and ideas. Thanks to your ERP, you can keep up with the growth. You’ll never be overwhelmed by the numbers-the software manages the data for you. An ERP really gives you the freedom to work on your business instead of being bogged down in data.

5. Mobile apps provide ERP functionality when and where it is needed most

With business owners and employees using their smartphones for an ever-growing variety of critical business tasks, and more people than ever working from home, mobile functionality is a must for many ERP customers today. In response, ERP software vendors are expanding their products’ mobile app capabilities, facilitating seamless integration of mobile devices into centralized data workflows.

Businesses looking to get the most out of their ERP apps should focus on finding a mobile ERP solution that is scalable, secure, and capable of evolving alongside today’s mobile technology.

Data breaches are among the most feared threats facing any business in 2022. As businesses entrust cloud ERP systems with everything from financial data to HR records, ERP vendors must address security head-on with proactive and innovative solutions.

These are some of the most critical concerns about cloud ERP security:

  • Remote security for employees working from home or in the field.
  • Role-based permissions and access management to ensure employees only have access to the data they need avoid common threats like phishing and malware.

Security of business IoT devices can be vulnerable to cybercriminals if not set up properly

When implemented properly, cloud ERP solutions can actually be more secure than on-premises options, as they allow the vendor to automatically patch software to fix vulnerabilities. Ultimately, experts say it’s incumbent on both ERP vendors and customers to treat data security as a shared responsibility. This means implementing measures such as encryption on the provider side and good password hygiene on the client’s side.

Summary

The case for ERP software in 2022 is clear—your business needs it if you want to unburden your staff and enjoy easy access to real-time data in one central location. The time and money saved gives your team the freedom they need to flex their creative muscles and helps you provide great customer service as you continue to develop your products. Your business goals are waiting for you. Join us on one of our upcoming webinars to see what top-notch ERP software like CeylonX can do for your business today.

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