Mr Adamu owns a chain of stores at Yaba market and has been looking for a way to centralize ordering and manage his shop’s inventory. He came across the ERP software and started using it. His business had undergone a remarkable change – with an increase in sales due to prompt restocking of bestsellers and management of stocks.
Like Mr Adamu, do you feel manual processes bog down your business model? Are you experiencing business growth pains, and are you unsure how to address them? These common issues can be alleviated with the correct ERP system. What is an ERP, and how does it help?
Enterprise Resource Planning is a business process management software that manages and integrates day-to-day business activities, such as financial, procurement, production, project, human resource, and other activities. It provides real-time and accurate information that helps stakeholders make sound business decisions based on the data generated. This puts less pressure on Mr Femi’s member staff, reducing manual work and giving space for productivity and growth of the business.
WHY IS IT IMPORTANT FOR YOUR BUSINESS?
- Optimize for Business Efficiency – The ERP software was able to help Mr Adamu by simplifying a variety of his business processes that take a lot of time and effort when done manually. With ERP, you can track your inventory, assign tasks to employees, monitor working hours, pay salaries, and generate financial reports automatically. By doing this, your employees can focus on their critical deliverables while you have fast data access to monitor key performance indicators of the staff through the dashboard.
- Save on Operational Costs – Since most operational activities are automated, various interruptions, delays, and breakdowns can be adequately anticipated. The complex work can be completed more quickly, thus reducing lead time. Companies can also reduce labor because ERP solutions take over various day-to-day tasks.
- Assure Data Security – ERP solutions have firewalls and restriction controls to prevent data breaches. The system keeps all the data concentrated on one point to monitor the access points easily. Admins responsible for managing company data can provide limited access rights to employees. For example, HR managers can hide some essential data only for themselves and stakeholders while permitting employees to view their financial data.
- Collaborate Easily for Growth – Cross-departmental collaboration is a crucial part of a business. An ERP system breaks barriers between departments. With data stored in a centralized ERP software, a department can access data from other departments. SaaS or cloud-based ERP can extend existing inter-team collaboration across multiple offices in different locations.
There are many other benefits besides the main ones listed above; there are many other benefits for utilizing an ERP system. ERP systems streamline your operational processes so that you can spend less time hunting for data and more time focusing on running your business. If you have questions on how an ERP system can boost your business productivity, Swifta ERP is here to help. You can contact us to learn more about the perks of implementing an ERP system.
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