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Axolon has developed clients to reach digital maturity by concentrating on technology, customer-centricity, and exponential return on investment; by integrating excellent user interface and data-driven methodologies. We provide you with the best ERP solution providers in uae, Saudi Arabia, Oman, Bahrain, etc. If you would like to know more about our services, please feel free to call us at 800 296566 or email us at info@axolon.com
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Top 5 Benefits of Enterprise Resource Planning (ERP) Systems What is an ERP system? Enterprise resource planning (ERP) systems are a type of software that integrates core processes within a company. Traditionally, these were systems that were used primarily by large, multinational companies, as they were expensive to run and had to have a dedicated IT team handling their deployment and maintenance. Which Companies Adopt ERP? Businesses select ERP software for many reasons. One reason is how readily available ERP systems have become across multiple industries, even in niche markets. For example, some ERP solutions cater to the specific needs of retail stores, while others serve the needs of healthcare facilities, and still others meet the specificities of oil and gas producers, and so on. Nearly every organization today can find a solution to meet their business needs. 1. ERP Benefit 1: Managing Your Business with 1 System One of the major benefits of ERP solutions in a modern business is that you can manage many core business areas with just one system. Let’s take the example of a manufacturing ERP system. The typical structure of a manufacturing ERP solution consists of these main functional categories: Financials Human resources Manufacturing management
Inventory management Purchasing management Quality management Sales management That’s quite a list! If your organization isn’t using an enterprise-wide solution like an ERP system, it’s probably using a different application to fulfill each of these functions. And when businesses manage several functions separately, many issues can arise. These include: Data errors Duplication of functions or records Lack of visibility into the business as a whole Lack of communication between different areas of the business An ERP solution integrates all of these disparate business functions into a single system and allows them to communicate with each other. As an example, when your sales team confirms an order, your ERP system will automatically generate a transaction for the finance department, produce a work order for the production floor, update your inventory, and notify the purchasing department to replenish the appropriate stock. If your company has one system of record to manage its information and processes, then all your functional areas can base their decisions and actions on the same set of data. This means all departments run the business using the same information – there is one version of the truth. 2. ERP Benefit 2 – Newer ERP Systems Are Upgrade-Friendly Technology changes quickly, meaning legacy enterprise systems can no longer support company growth. Many may even impede a company from growing its business. Moreover, the cost of updating the programming of an old system often mounts up quickly. At some point, companies find it doesn’t make sense to keep an old system in place. Instead, it’s practical and financially sound to migrate to a modern, integrated solution. Technologies such as machine learning, data analytics, and the Internet of Things (IoT), and other up-to-date capabilities are enabled within modern software systems. These state-of-the-art technologies are capable of deciphering trends and patterns and enabling functionalities that allow companies to make better decisions and hence gain a competitive edge. 3. ERP Benefit 3: ERP Systems Streamline Business Processes When selecting and implementing an ERP system, companies are forced to consider – or reconsider – their business processes and workflows. It’s a perfect opportunity to assess what makes sense, what works, what’s important, and what can be improved. By running the ERP system, your organization can gain speed, efficiency, and accuracy in its business operations. One of the benefits of using the ERP system is that, through automation and integration, the system increases your organization’s productivity while reducing time and labor costs. Other advantages include that an ERP system helps you meet the demands of your business partners and external stakeholders, and that it can keep your employees happy and productive. 4. ERP Benefit 4: ERP Systems Help You Better Analyze Your Business’ Data Enterprise resource planning benefits include transforming the way you gather and analyze data from across your business, helping your data teams identify accurate insights into your entire operation quickly. They do this in two general ways:
Access data from one repository through many devices: these solutions allow stakeholders to access cross-business data from one source but via many devices (including phones and tablets) and regardless of location. This allows for more efficient and accurate data analysis than if the data were housed in multiple systems. Data specialists can more easily run analyses and efficiently identify business trends and potential issues. Real-time data: ERP offers real-time data on business processes, resource, and work status. This means that users can rest assured that the information they see is up to date and relevant, which is often not the case with legacy systems. Why This ERP Function Matters Many companies have mounds of data related to their business. Pulling insights from your business data can be challenging and time-consuming. The data can be out of date and hence unreliable, and you’re often trying to make sense of hundreds of siloed data sets from various areas of your business. 5. ERP Benefit 5: Meeting Customer Expectations Your customers have high expectations, whether they are individual consumers or other organizations. Many consumers now expect to have a seamless multichannel experience – for example, they may want to browse a product catalog in-store, place an order online, receive the item at the closest retail outlet, and have it picked up for repairs from home. Your customers also expect to receive consistent service, regardless of which department of your company they interact with. Businesses need to make sure their various departments communicate with each other seamlessly, so that, at any given time, every department has the relevant customer information at their fingertips and can interact efficiently with a customer through any channel. Axolon has developed clients to reach digital maturity by concentrating on technology, customer-centricity, and exponential return on investment; by integrating excellent user interface and data-driven methodologies. We provide you with the best ERP solution providers in uae, Saudi Arabia, Oman, Bahrain, etc. If you would like to know more about our services, please feel free to call us at 800 296566 or email us at info@axolon.com.