10 Reasons Why an Enterprise Resource Planning (ERP) Solution will Streamline Your Operations
An ERP (aka Enterprise Resource Planning) is a software system that takes all your operational data and organizes and reports it under one umbrella. It is a multi-faceted integrated management system, which houses everything from leads, customers/CRM, suppliers, inventory, e-commerce, CMS, sales, email marketing, marketing, shipping, accounting, and vendors. By combining all your operational data into one single platform, you will experience efficiencies and effectiveness in your enterprise by having it all at your fingertips, all in one spot.
Without further ado, here are the top 10 reasons why your business needs an ERP solution today
Powered Labs has been developing custom ERPs and creating smart integrations for enterprises who value efficiency and want to grow their business by leveraging all their resources into one platform.
1. Improvement in communications between departments
Nowadays, marketing initiatives can be dissected by management in an easy-to-use reporting interface. All sales are recorded and tallied in real time for keeping a pulse on every moment of the day by all departments. Each department can cross-view other departments and communicate issues and report on developments at the same time. Basically, everyone in your enterprise, across various departments, can now be on the same page.
2. Improved customer service
Customer service will have every piece of data at their fingertips when dealing with customers. This will save time by providing real-time data to digest. If any issues arise, your customer service department will be completely abreast of all the details and will be able to quickly resolve them, giving your enterprise not only an added efficiency but by giving your customer a more adaptive, better quality experience.
3. Expedited Decision Making
With an ERP solution, your management personnel will have live, up-to-date information on the entire operations of your business – and therefore; they will be able to make informed decisions instantly.
- Inventory is tracked every step of the way
One of the biggest issues with inventory is data mismanagement. To put it shortly and sweetly, no matter how good intentions are, sh*t happens, and the last thing you want to deal with is inaccurate inventory data. That’s where a customized, detailed ERP solution can help keep you completely organized and streamlined.
5. Marketing results are monitored in real time
This is a huge reason to implement an ERP platform for your enterprise. If your marketing team can see how every dollar spent is working, this solution will report back the ROI on every media buy, campaign, or any advertising and marketing expenditure
- Improved relationships with customers
By maintaining a CRM every touchpoint with every customer is tracked. Your customers will feel more at ease doing business with an organization that is aware of all interactions with your business.
- Assists in financial control
Management will be able to keep a finger on the pulse of the operations’ financial status at all times. Managing invoices all under one platform without having to duplicate efforts can not only save your enterprise time and money but can lead to less frustration as well.
- Enhances your chances of winning new business
You can maintain a continual stream of communications with your leads and lead them into becoming customers.
- Eliminates redundant tasks and increases productivity
This software will stop repetitive processes and will reduce manually entered information. No matter what department someone is working in, data is there in real time making it an organized and easy to use platform.
- Saves money and time
If implemented correctly, an ERP will ultimately pay for itself and start to show a positive ROI by saving lost productivity, decreasing inventory and accounting issues, making better marketing and management decisions. In short, making your life easier.
If your enterprise is looking for a customized ERP solution, please contact Powered Labs to get a custom solution. We have specialized in ERP solutions for the past 15 years and would enjoy the opportunity to work with you to accelerate your enterprise’s growth and revenue.