Role of ERP Integration in Business Growth
Your business is a hive, and making up the honeycomb structure of it, are your various departments. Within these departments, your busy worker bees strive to fulfil their specific roles, so that production keeps moving and output is met.
It’s a crucible of processes, people and collaboration that, when run by the right tools and systems, makes a business’s profitability, an inevitability.
But what are these tools and systems?
Let’s unpack the concept here.
What is ERP Integration and why is it so important for businesses today?
We’re a digitised world. There are no two ways about it. We shop online, socialise online, even hail taxis online. But somewhat most significantly – we do business online. And if your business isn’t aligning with this new way, there’s a risk you could be left behind in the market.
But adopting digital processes doesn’t have to be a major shift. It’s not a matter of entirely changing your business model. It’s simply a matter of integration – that is, integrating an enterprise resource planning (ERP) system, with your existing processes.
What is an ERP?
Simply put, an ERP system is software for better business management.
It’s a cluster of powerful business tools that are touchpoint capabilities for all facets of your organisation – from production, human resources, finances and accounting, and sales and marketing, to inventory management, reporting, and customer relationship management (CRM). All housed as one central management hub that serves as a single visual and action-orientated dashboard.
That all sounds great, but why is ERP integration so important?
Here are some of the more telling features:
Integrate departments
With a comprehensive ERP integration, inter-departmental harmony is simple to achieve.
This means that users across departments of your business can better communicate and make better business decisions in collaboration on your behalf. Fundamentally, better communication between departments in your business, will ensure heightened productivity, and thus raised profitability.
Automate tasks
When you can automate tedious and time-consuming tasks within your business, you can eliminate stagnation in processes.
What’s more, automating specific tasks that require data capture, could help with the reduction of human error – an important benefit, especially when dealing with fiscal matters, and the accuracy of the numbers for your business’s bottom line.
Most importantly, though, when you can automate tasks, you can free your people up to concentrate on the areas of their day-to-day that ensures productivity for them, and thus profitability for you.
Data and reporting
Data is the vehicle that powers your business story.
With it you get deeper insight into your operational productivity and efficiency, client wellbeing, statistics in production, sales health, and so much more. With this priceless information, you can deftly adjust your processes to allow for smarter decision making in your business. ERP integration gathers that data automatically, and succinctly relays it all back to you.
Accounting
And then there’s the money side.
Quite possibly one of the most vital functions in any enterprise is its financial management department. Money matters – it’s one of the top reasons you’re in business in the first place – and so your accounting department must be a well-oiled engine room in your overall operational structure. ERP integration provides a bevy of efficient accounting tools, for tasks like accounts payable, receivable and fixed asset management, not to mention tax requirements and the intricacies involved.
Your accounting department can also be rife with somewhat tedious processes. Processes that require time and human input. ERP integration can take much of the grunt work away, by automating many of the more time-consuming aspects. This does much to firstly reduce the risk of human error, when it comes to the numbers, but also frees up time to give back to your people, so that they can focus on more profitable, and stimulating, endeavours.
So, that’s the gist of it – ERP integration allows your business to step into an entirely digital, and cloud-powered reality.
Do you need help building your
ERP integration strategy?
Strategix can help.
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