Why Do Businesses Need ERP Software?

You have just joined the startup ecosystem and you have a manufacturing company. At the beginning, you perform calculations such as production amount, cost, stock status, profit margin manually. You do not need an extra system to perform such calculations. But your business is growing, your data is increasing and the process is getting harder and harder. In this case, while it becomes impossible to carry out the business processes manually, you are in a quest. In this process, you may be encounter with many options, but the system that can give the best answer to your search and enable you to run your processes will be Enterprise Resource Planning (ERP). All businesses need digital transformation. It automates processes by reducing manual processes.

It is predicted that the ERP market will reach 78.40 billion dollars by 2026.

WHY DO BUSINESSES NEED ERP SOFTWARE?

Let’s examine it in details;

It enable companies to obtain a single source that will meet the needs of data sets such as employee information, inventory costs, income-expenditure accounts, performance tracking, holidays. It enable an overview of all your company’s operations.

The company follows the business processes of its partners and brings them together at a common point. It contributes to making strategic decisions in the most accurate, effective and efficient. It makes it easier to set long-term goals.

It creates more productive and happy employees by providing a high quality environment for employees. Also it directly increase customer satisfaction.

It provides the dynamism of your business with your company’s financial growth, new projects, website statistics and other accurate and up-to-date information.

Individuals who work intensively by constantly researching and reporting within the enterprise spend less effort by connecting their transactions to the standard with the ERP system.

In addition to the currently used features in the ERP system, it gives the freedom to try new features, make continuous improvements, and remove non-working features.

It provides communication between departments. It minimizes the emerging errors, data repetitions, lack of communication and communication errors that occur in business processes.

ERP software provides comprehensive and flexible reporting tools that can be customized as needed.

As a natural corollary of all these, your company will experience substantial financial growth. If you own or plan to own a business, you should know more about ERP software!