Every business organization has its own unique process and is bound to face operational issues as it grows. The IT expenses viz., additional servers, network infrastructure, licenses and various on-premise software entail huge cost for a growing company. This is the time when Cloud based system comes into picture. Software like a Cloud ERP not only helps resolve critical business issues rather contributes to your business’ productivity and growth. Today, even the SMEs understand the importance of ERP software and are willing to invest in the technology. Being a complete accounting and financial solution, it offers visibility in all aspects like accounting, process management, customer management, supplier, invoicing and inventory. The most important feature of a Cloud ERP is that it takes your business to a different level of automation, encouraging it to do away with manual records, therefore enabling the organisation to scale up its operations smoothly.
Below are some of the advantages of using ERP software:
- More efficient supply chains: ERP implementation results in an improved efficiency of upstream as well as downstream supply chains. Manual and redundant entries result in time-consuming paperwork which leads to inaccurate data. ERP solution eliminates this traditional method. ERP implementation leverages electronic circulation of orders and BoM to suppliers, effective monitoring of work in progress (WIP) and visibility of different projects status in real time for desirable decision making. To sum up, ERP offers your organisation greater accountability and traceability. Speeding up communication and keeping it streamlined between customers and suppliers helps to mitigate lead times, encourage faster order fulfilment. Thus resulting in prompt settlement of invoices.
- Higher Revenue: An efficient ERP helps in improving the company’s bottom line. It allows greater visibility in various related processes. For instance, you can forecast product demands by analysing historical sales data and associating it with existing market scenario. This helps you prepare for anticipated demand without hurting your revenues due to over or under production. You can figure out inefficient and redundant activities, which can be optimized to curtail costs. In addition to that, unanticipated obstacles, which can cause delay in delivery or exceed in budget can be handled efficiently to curb the losses.
- Streamlined and accurate systems: An ERP system leverages users from different departments of an organization to gain appropriate level of access to modules they require. Users can also look into the history of a specific information. Additionally, dual data entry gets eliminated as departments can produce a single document and distribute it to rest of the departments. All the document changes are reflected in real time, enabling multiple departments to gain the same information at any specific time.
Deskera is one of the fastest growing ERP vendors that provides cloud-based fully integrated ERP software suite for the SMEs. It has all the applications that are required by organizations to manage their day-to-day business activities, such as accounting, procurement, project management, manufacturing,inventory management and more. Thus, helping every small business streamline its process to become more efficient and thus increase productivity. Deskera helps automate everyday business tasks such as book-keeping, stock management, payroll processing, workforce management and more.
Deskera offers an integrated suite comprising ERP, CRM, MRP, PM and HRMS. These apps can be accessed from any internet-enabled device encouraging SMEs to move out of premise based system and build roadmap for a global business reach.