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

This system is a solution that helps businesses keep track of all their important tasks in one place. It links departments like sales, operations, inventory, human resources, and finance, which helps businesses run more smoothly and efficiently. This system brings all of your processes together, making it easier to see, manage, and do them all.

This system is great because it lets you keep all of your data in one spot. The business keeps all of its data in one place and updates it right away. This stops people from copying data, cuts down on mistakes, and makes sure that all departments are using the same information. People who make decisions can get the right information right away, which helps them make better and faster business decisions.

This system makes businesses run more smoothly by automating everyday tasks. You can set up it to handle things like payroll, billing, buying, keeping track of stock, and reporting. Automation cuts down on the amount of work that needs to be done by hand, saves time, and lowers the chance of making mistakes. This way, groups can focus on important things instead of doing the same thing over and over.

You can also see and manage your money, which is a big plus. This system lets you see your income, expenses, cash flow, and profits in real time. Businesses can easily keep track of their money, pay their taxes, and write detailed reports about their finances. When businesses can see this much of their money, they can make better plans and follow the rules.

This system makes it easier for departments to work together and talk to each other. It’s easy for sales, finance, operations, and management to share information because all teams use the same platform. This gets rid of barriers between departments, makes it easier for everyone to work together, and makes sure that everyone knows what the company’s goals are.

This system is great because it can adapt to the needs of your business. When businesses get bigger, their processes get more complicated. Adding more users, new business units, or more locations to this flexible system won’t change how things are done now. This is a good choice for businesses that want to grow over time.

This system is also good for customers. Teams can respond to customer needs more quickly and accurately when they have full access to customer data, such as order history, billing information, and service records. This makes customers happier and helps you get to know them better.

Also, security and compliance improve. This system has role-based access controls that protect private data by only letting people who are allowed to see it see it. Audit trails and compliance features help keep data safe and make sure that the rules set by the government are followed.

In short, this system helps businesses work together better, run more smoothly, and make decisions based on facts. It puts all of a company’s important tasks into one place. This helps them get bigger and stay ahead of their competitors in today’s fast-paced market.

History of ERP

The tale of Enterprise resource planning 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, Enterprise resource planning 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

Enterprise resource planning 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.