Powerful ERP systems can be beneficial to many aspects of an organisation and help to create efficiencies throughout the entire supply chain. With the right systems in place, executives can access the most up-to-date status updates, warehouse workers can better manage inventory and sales teams can keep their customers in the loop on their orders.
However, companies that have an outdated ERP system won’t necessarily allow the workforce to access the most recent information, which can be problematic in today’s fast-paced business world.
This is why it’s important to have an ERP solution with many strong attributes, including speed and agility. According to an article for Tech Page One, when organisations see decreasing ERP response times, employees seem to be at their most productive.
Efficient staff improve business performance
When employees are able to work faster and more efficiently, it can lead to happier customers, but if ERP solutions are slowing down workers at all levels of the organisation, customer satisfaction can be more difficult. This is why it is important to continuously assess current systems, to ensure ERP software is driving productivity.
ERP systems can reduce costs
Nearly 50% of business investments being made by the mid-market are aimed at ways to reduce costs. Through accurate, real-time information about daily operations, companies can make faster, smarter decisions which allow them to reduce operational costs by 23% and administration costs by 22%*.
Strong ERP leads to a better business
Using ERP systems to their full potential brings many benefits to a business; increased speed being just one of them. We studied a number of businesses over a 2 year period and identified that companies who didn’t use ERP systems had no increase in profitability, while organisations that did, were able to increase their capital by 10% during the same period.
Leveraging ERP systems also presents businesses with the chance to quicken the time it takes to make data-driven choices that affect the businesses future. Those using ERP saw a 21 percent decrease in time spent making decisions, while those without such solutions could only claim 4 percent.
Visit www.sage.ie/sage-200 to find out more about how your business can benefit from using an ERP system.