Enterprise Resource Planning - Everything You Need to Know

1. Enterprise Resource Planning - Everything You Need to Know Enterprise Resource Planning (ERP) is software that companies use to organize and manage their daily business activities. This may include accounting, procurement records, project management, risk management, supply chain operations, and compliance. What is Oracle ERP Cloud Implementation? ERP implementation is essential for any organization that has decided to deploy an ERP enterprise system. As more and more companies shift from their on-premise ERP enterprise applications to a cloud system, they also take up the task of ERP implementation. Companies might choose to go for ERP implementation for a wide variety of reasons, such as- 1. To change their application portfolio’s cost structure 2. To reduce the risk of technology becoming obsolete 3. To enhance growth opportunities 4. To drive innovation 5. Increasing operational resilience and agility Benefits of Enterprise Resource Planning Systems Enterprise resource planning structures are critical for many reasons, and some benefits of adopting an Enterprise Resource Planning System are listed below. 1. Better Business Reporting An advanced ERP system will allow for better business reporting by allowing individuals to add real-time information. In addition, a single and integrated database for all business procedures allows the maintenance of one single source for all information. 2. Helps Provide Better Customer Care Services A unified ERP system allows the company better and easier access to customer information. It also ensures a faster response to customers, improved and on-time delivery of resources, and improved order accuracy. 3. Boosts Cash Flow

2. Better invoicing and collection tools allow the professionals to bring in the cash faster. This also means more cash in hand for the business, which is a clear sign of success. 4. Cost saving Improved inventory planning, procurement management, and better customer care services lead to cost savings and 100% utilization of every penny spent on the EPR system. 5. Data and Cloud Security Security of the database and cloud system is the most critical aspect of an ERP system. A dedicated security resource system makes it difficult for users to install malicious software, which keeps the common interface safe. Whereas the ERP also works across the interface to protect the data distributed across multiple servers. Adopt Oracle’s ERP Cloud implementation to enjoy continuous business monitoring and seamless processes. Conclusion Suppose you are a company looking for a unified environment or cloud space to shift all your work to. Suppose you are tired of working in a fragmented or disconnected interface, using a slow and outdated database, and opting for expensive upgrades of your very high- maintenance spaces. In that case, SMACT Works is your solution. The Enterprise Resource Planning Model of SMACT Works is designed to help bring all our client’s work on a user- friendly interface on a level field, where all the work is easy to access, and the best facilities are used to ensure database security. For more information visit: https://www.smactworks.com/solutions/applications/oracle- erp-cloud.html