Let’s face it; today you need enterprise resource planning software. Running a company efficiently and productively while keeping customers happy sounds simple and yet in reality, we know it’s challenging. Resource Planning Software is the necessary tool to help you accomplish all these goals.
Businesses only grow when they are organized. As a manager, you cannot review every task or the process in every department and yet it is your job to ensure smooth operation with no interruption of workflow and detect and resolve issues in your system, before it leads to customer complaints.
Enter Resource Planning Software. Below are 5 of benefits that will not only save you time and energy, but actually earn revenue through its efficiency.
As your company grows, so do its department. Between sales, marketing, billing, production, and so on, keeping everyone informed and uniformed in their work environment is essential. Resource Planning Software uses a centralized database bringing more control for cross-functional processes.
For example, ERP systems automatically process transactions and generate financial reports that not only simplify period-end closings but help you avoid time consuming entries that hold you back from your actual job. Not to mention that faster closing means more business time.
Once information is unified and accessible to your entire team, this shortens production lead times.
Which brings us to the second reason…
2. Real-Time Information
Resource Planning Software provides real-time, full-view of the business, resulting in faster decision-making and ultimately more effective ones. Your team no longer has to play guessing games. Accurate information is available across the board, reducing the risk of losing sensitive information and multiplying the benefits of working within a single framework and common solidified vision.
Without having to spend your time worrying about the fluidity of the workflow, you can spend time doing the things you love, strategizing and planning next phases for your product and company.
3. Visibility-Resource Planning Software Benefiting the Customer
Beyond helping your team internally, Resource Planning Software helps the customers directly! ERP gives them visibility into your operations and your supply chain so they can know the status of item availability, possibilities of rush order and other customers concerns that may affect purchasing decisions. Offering real-time insights throughout the quote to cash cycle, improves the customer experience and minimizes potential problems.
Which, you guessed it, leads to…
4. Customer Satisfaction
Customers like being involved in their purchase information by knowing accurate delivery dates. Using Resource Planning Software gives your company a competitive edge over the competition. As more and more businesses operate solely online, convenient and hassle-free experiences keep the customers happy. By providing transparency to your supply system, it sends a clear message to customers that you are putting their needs first. With that kind of attitude, they will never need to go elsewhere.
5. Cost Effective
As operations become more efficient, cost reductions increase. Resource Planning Software optimizes time management and the use of capital equipment. Numerous studies by The Aberdeen Group have been conducted and in fact ERP has been proven to reduce operating costs by 22%, 17% inventory reductions (for manufacturing and distributing) and 19% improvements in complete and on-time delivery! This is quantifiable evidence outlining the benefits of ERP. Even smaller business benefit from ERP; even if it’s at a lower percentage, any amount saved through efficiency is good business practice.
In the increasingly competitive global marketplace, Resource Planning Software makes a compelling case for its indispensability. The 5 reasons outlined above benefit you, your employees and your customers directly making it a win-win-win!