KB20201117/01: 6 Reasons why your company cannot do without an ERP system

Reason 1 – You have a single system managing all work processes

Without a single business solution to manage the different work processes in your company, there will probably be a few different applications used to manage and control your daily operations. This can only lead to chaos.

An ERP system brings together all the separate work processes you have in your company into one overall system.

Reason 2 – Have better management over accounting and financial reporting

You need control and a good overview of the financial part of your business. As your company grow, the complexity of data can appear overwhelmingly without an efficient ERP system.

Manual data entry should be eradicated as it significantly inhibits productivity. An integrated ERP solution eliminate the need for manual data entry work and free resources for other tasks. It also increases the visibility of important data and therefore helps to create an overview of your business.

Reason 3 – Gives you faster response time

Once your business becomes known in the market in which it operates, you will start receiving more orders and it can become difficult to maintain and improve service delivery. This isn’t just a competitive parameter but a necessity for maintaining your visibility in the market. Management and salespeople need an overview of information across all business departments in order to provide optimal customer service.

Many small businesses, especially newly started ones, use a free online accounting system. The problem with these systems is the inability to integrate with other business processes, making most of these solutions ineffective as a tool to manage overall business processes. ERP systems today have built-in functionality that goes across the business areas of the company, eliminating the need for multiple applications that overlap each other.

Reason 4 – It is an effective cost reduction tool

An ERP system provide actual and real-time data related to the company’s daily operations. This allow decision makers to make professional and informed decisions based on factual data. An ERP system is an extremely effective tool for managing and monitoring your business, assisting in saving operating and administrative costs and also systematically streamlining your daily operations.

Reason 5 – Increase productivity

Any company will undoubtedly make a greater or lesser effort to reduce the costs and time spent on performing specific jobs. An ERP system consolidates all the information that is entered into the system across the many departments and thus serves as a secure warehouse.

Reason 6 – Gives mobility and flexibility

An ERP system streamlines data from different sources and departments in your company into one single business platform. Flexibility and mobility are of major importance in the modern business. Remote access to crucial data in the database is important and a crucial factor that saves the company both time and resources and ensures delivery of quality work within deadlines. The possibility therefore of mobile integration can be a crucial factor in selecting which ERP system you want to invest in.

Most modern ERP solutions can handle multiple features by utilizing a centralized database that deliver accurate information no matter where you are or which device you use.

Please contact us for more information on ERP systems at info@sysfinpro.com or by phone on +27 12 880 0258