ERP 101: Let's get startedIf you are about to start your ERP journey (or you know someone who is looking to take the plunge), then this email is for you. If you’re NOT new to ERP then get back to work – you probably don’t need to read this. As we are all about making things easy we’ve brought together a series of blogs from our ERP partner, Greentree. It features questions most software companies assume you know the answers to but as we all know, assumptions are dangerous. So, at the risk of telling you the obvious, we’re starting with some ERP basics.
What is ERP?E.R.P. Enterprise Resource Planning. That’s what the letters stand for but what does it mean? And how does it apply to you and your business?
Enterprise resource planning (ERP) is a software system that integrates and manages all the core business processes of an organisation. It's like a conductor of an orchestra, bringing all the different instruments (departments) together to play in harmony.
Things you need to know about ERPWe asked Greentree’s Channel Sales Director, Graham Hill to identify what companies typically want to know before they start their ERP buyer journey. Most people are interested in answers to questions such as:
- Am I big enough to need ERP?
- How much will I need to spend?
- What’s the ROI?
- How long does it take to get started?
What Functions Do ERP Systems Cover?
ERP systems typically cover a wide range of functions, including:
- Finance: accounting, budgeting, forecasting, and financial reporting
- Human resources: payroll, benefits, recruiting, and training
- Supply chain management: procurement, inventory control, warehousing, and logistics
- Manufacturing: production planning, scheduling, and quality control
- Customer relationship management (CRM): sales, marketing, and customer service
By integrating all of these functions into a single system, ERP can provide several benefits, such as:
- Improved efficiency: ERP can automate many manual tasks, saving time and money.
- Increased accuracy: ERP can help to reduce errors by ensuring that all data is entered and stored in a single system.
- Better decision-making: ERP can provide real-time data and insights that can help businesses make better decisions.
- Improved collaboration: ERP can help to break down silos between departments and improve communication and collaboration.
- Enhanced customer service: ERP can help businesses track and respond to customer inquiries more quickly and efficiently.
Choosing The right ERP
Choosing the right ERP system for your business can be a complex process. There are many different vendors and products to choose from, and the cost of an ERP system can vary widely. However, the potential benefits of ERP can be significant, so it is important to carefully consider your needs and options before making a decision.
Here are some of the most popular ERP systems on the market:
- Microsoft Dynamics 365
We hope this provides a helpful overview of enterprise resource planning. If you have any more questions, please feel free to ask.