What Is ERP And 4 Reasons Why Should You Have One
If you own a business, at some point in time you might have come across the term ERP. Maybe some of your peers are already using it and you might have heard about it from them. But what is an ERP software? What magic does it do to your business? Let’s find out.
What is ERP?
ERP stands for Enterprise Resource Planning. Well, that’s self-explanatory. In simple terms, an ERP software helps you to boost the efficiency of your business by keeping track of all the business process activities and automate various tasks that will otherwise consume a lot of man-hours.
Each and every industry follows a different set of business operations. That is the reason why tailor made and customizable ERPs are being widely used in these days. Our own ERP Software Zinvos is targeted towards the Event Management Industry and it is extremely customizable. Zinvos has enabled our clients to automate the procurement process, marketing emails, inventory management and a lot more. Zinvos also provides statistical information so that you can get a better grasp on how your business is running and what actions you should take. Here are 5 Reasons why you should use an ERP.
1. Saves a lot of money
Even Though some people hesitate to use ERP considering its initial set up expenses, they don’t realize that ERP Software is one of the best investments that gives great ROI.
ERP unifies all of the fragmented processes that exist in business and enables the employees to access the needed information from a centralized system. This directly results in a boost in employee productivity since they don’t need to search for information on multiple systems. There will only be a single source of truth which eliminates all the inconsistencies that may exist in an organization.
2. Better insights
One of the major challenges in running a medium to large scale business is keeping track of processes and statuses. Fortunately, ERP allows permitted users to see statistical information regarding various aspects of the business. This gives better insights into the business.
3. More time saved
With the ability to automate various business processes, tasks like invoice creation, marketing emails, purchase orders, RFQ mails, and all imaginable tasks can be automated and performed with a simple mouse click.
4. Run your business from anywhere
Cloud ERP solutions like Zinvos allows you to manage your business operations from anywhere around the world through internet. No more tension about what is going on at your business when you are out of place or on vacation.