10 Main Features of ERP

• Integration: Consolidates a variety of business functions into a single., unified system.
• Automation: Prevent manual errors and saves time by automating.
• Data Analysis: Provides useful insights into business performance through in-depth analytics.
• CRM: Manages customer interactions and sales processes.
• SCM: Eases the supply chain management for effective logistics.
• HRM: Consolidates payroll, recruitment, and employee data management.
• Financial Management: Tracks monetary flows and ensure adherence to law.
• Manufacturing: Facilitates production planning, and high-quality maintenance.
• Inventory management: Compliance with JIT, ensures you never run out of stock or have stockpiling up.
• Scalability: Independent enough to scale up as your business grows, with added features and required modules.

15 Benefits of ERP

• More efficient: It automates the iterative tasks facilitating smoother operations in manageable time.
• Better decision-making: Gives real-time data and insightful analytics.
• Cost Reduction: Cuts down human errors hence the cost of fixing things over.
• Better Coordination: Strengthens inter departmental communication, thus promoting a collaborative culture.
• Regulatory Compliance: Does not compromise on compliance to relevant regulations.
• Better customer service: Enhances CRM functionality to make it alluring for the customers.
• Data Security: Maintains the integrity of your data so your information stays well protected.
• Accurate Projections: Projects future trends and flows to enable smarter, near to factual decision making.

History of ERP

The tale of ERP advent traces back to the late 20th century, when computer systems were utilized to track inventory levels. Initially, MRP systems were used which soon developed into MRP II making capacity planning and shop floor control easier and manageable. With revolution in the use of then technology in the business sector, “ERP,” came into existence opening doors to better business operations through a well-integrated system that promised unifying HR, Accounts, and Manufacturing all at one place!

At present, ERP systems have gotten unstoppable with the incorporation of latest technologies those being Artificial Intelligence (AI), Machine Learning (MI), and Internet of Things (IoT) with high end automation and analytics.

Conclusion

ERP systems are blood and life for enterprises seeking optimized processes, improved efficiency, and smarter decision making. With Zikpro as your ERP solution provider, you can be ascertained of gaining the most out of your ERP and meeting your strategic objectives in no time.