ERP Software from ENLIVEN, is, the unique, highly customizable product in the global ERP market. Available both in customized (currently for Manufacturing Industry only) & standard modules, makes it an ideal ERP product of choice for most of the SMEs & Large Industries, & any business, anywhere in the world.
Enterprise Resource Software (ERP) is a system that integrates the fundamental processes necessary to run a firm, such as Manufacturing, human resource, finance & supply chain, into a single system. ERP Solutions offer efficiency, analytics, and visibility, in all aspects of the business. Modern ERP systems leverage new technologies to facilitate the flow of information in real-time across all departments. This allows the enterprises to manage performance & make informed & timely decisions.
ERP has for a long time been regarded as a necessity for corporates, but SME businesses & Large Industries can as well reap numerous benefits from using ERP solutions. SME businesses need to be faster & sharper than the competition, which is a sufficient reason to implement ERP solutions.
There are other scenarios that necessitate SME businesses to implement ERP solutions so as to improve service delivery. Examples of such scenarios are when the business is: relying on guesswork in sales forecast; struggling to monitor orders & relying highly on spreadsheets; having trouble in determining the status of warehouse inventory & so on.
An ERP solution features a centralized database, which ensures that all departments have access to accurate information regarding the business. It also automates the core processes of the business, helping SME business owners to fast-track reporting, regulatory compliance & risk management.
There are ERP systems that are specially designed for midsize companies and SME businesses. You can record all the data in the system, helping in the management of the business in terms of CRM, purchasing, accounting, and supply chain management. With an integrated platform, the company can improve visibility and cash flow while reducing inventory costs. Automation of manual processes affords staff time to concentrate on business development & sales rather than administrative duties.
However, each SME business requires an ERP system which is compatible with its unique business needs, customer base, & competitive profiles. Therefore, businesses need to invest in the most effective solution – one that matches with their needs, is manageable & which fits the type of industry.
There are factors to consider in order to achieve this including ease of use, customization, host platform( on-premise or cloud ), support service, security measures, upgrade frequency, & the total ownership cost. The right ERP solution can provide numerous benefits to SME businesses, some of which are mentioned below:
Power to make fact-based decisions
ERP systems contribute to the availability of consistent data, thereby improving the quality & speed of decision-making. The management team can quickly identify any potential production challenges that may affect productivity levels or delivery times.
Financial controllers can quickly evaluate orders & stock levels, and monitor budgets in order to boost financial planning. The management can make effective decisions on resource allocation and investments as well as quick responses to business opportunities.
Accountability & transparency
Instead of each department having an independent database, an ERP provides a centralized database where all-important information from all departments can be shared and accessed by everyone. Apart from helping reduce errors & increasing accuracy and access to data, this also promotes accountability and allows information to flow transparently throughout the organization.
With an ERP system, production departments can effectively manage stock levels depending on the number of orders & delivery schedules. By streamlining business processes, employees can focus their efforts on more demanding tasks, meaning more work will be accomplished, which translates to more productivity.
Increased efficiency in business processes
ERP solutions help in automation of tedious & routine tasks, which improves efficiency in business processes. This means there will be increased clarity of tasks, which will help to reduce or eliminate employees’ inefficiencies & mistakes.
Critical competitive advantage
SMEs & Large businesses can obtain a competitive advantage by embracing new technologies. ERP is one of those technologies that an SME & Large business can implement to increase chances of success in a highly competitive market.
Monitoring business performance
ERP software updates information in real time. It is therefore easy for SME & Large business owners to check the performance of different areas in the business process & identify the ones that are underperforming.
Multiple data centers lead to disorganization of information. ERP ensures that all the information from different departments and processes are integrated into a single database.
Reduction of work burden on employees
ERP reduces the burden of work on employees, such as having to record information on multiple platforms, which make employees comfortable & happy.This translates to more business success.
Improved customer relations
An SME & /or Large business without the infrastructure to handle customer-related tasks can lead to an influx of pending orders, requests & so on, which can lead to loss of both existing & potential customers.
Reduction of operational costs
An ERP system provides an opportunity to access real-time and actual data regarding daily operations helping the business to optimize business processes & strategies while targeting to reduce both administrative & operational costs.
The integrated system gives managers an overview of the business in one place enabling them to plan & make decisions.
Communication breakdown can compromise decision making & even lead to errors that can bring enormous losses for a business. Especially when employees are located in different geographies. ERP software ensures a smooth flow of data across all departments and, at the same time, keeps everyone informed about the business activities.
Promoting collaboration among departments
ERP software provides various departments of an SME business an opportunity to access similar important information at real time.This increases collaboration & efficiency.
Implementation of an ERP system can help in transformation of the business, through streamlining processes like production planning and order processing and reduction of duplication of tasks.
FLEXIBILITY & long term service
The good thing with an ERP system is that once you invest in one, you do not need to purchase another system as years go by or as business grows. Most ERP systems scale with your SME business & provide the flexibility to integrate with existing & future complementary systems.
…Cloud ERP from Enliven does everything mentioned above & much more, than any ordinary ERP available in the marketplace.
With more than 15+ independent & highly customizable modules, unique to each & every business in the market, makes it the most sought after & number one choice ERP solution both by SMEs & large Industries, worldwide!