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What is ERP?
Enterprise Resource Planning, or ERP, is an integrated software system used to consolidate all the functions of an organisation into a uniform and enterprise-wide environment.
ERP systems enable the flow of information and combines Sales, Purchasing, Financials, Resources, People and Processes into one central database.
Using an ERP system means departments are connected in real-time, which encourages informed decision-making and increases efficiency at all levels.
Increase business efficiency with an ERP system
Breakdown information silos with fully-integrated platforms for businesses to use financials, CRM, stock control, supplier and logistics management, payroll and dashboard reporting.
An investment in ERP gives your organisation a seamless way of working, increasing productivity while simultaneously achieving significant cost savings through higher productivity, reduced time-to-market, improved quality and reduced lead-time.
The notion of rethinking the customer to meet production schedules, stay competitive and deliver value is crucial in making the most of an ERP solution. Taking the next steps to reimagine your business will propel you into the digital revolution.
Challenges solved using an ERP System
Many Small and Medium-sized Enterprise (SME) businesses today are looking to grow and thrive in the digital age but don’t have the technology infrastructure to support this. Implementing an ERP solution can introduce efficiency savings, reduce overheads and support business growth.
So what challenges does using an ERP system solve?
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You have disparate, standalone systems
Having multiple business solutions means that organisations aren’t joined up, and completing simple tasks often takes longer than expected. Using an ERP system eliminates this challenge, streamlining processes and allowing your staff to maximise productivity.
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You struggle to consolidate data from across the organisation
Trying to report on business performance can be difficult when information is stored in multiple locations. Having an ERP means you can easily extract and report on one version of the truth.
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Your employee resource is stretched
Using an ERP system means your teams can maximise their time in the most effective way without having to spend large amounts of time navigating systems and extracting data.
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You need access to information when you’re away from the office
Modern businesses require employees to have instant access to systems while on the move. Using a Cloud-based ERP solution means you have access to your business data anywhere, anytime.
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Inconsistent processes and procedures
Clearly defined processes and procedures are difficult to implement when there is no common solution across the business. ERP implementation is a facilitator of culture change and can provide a robust framework for the future of the organisation.
Benefits of using a modern ERP System
For business owners looking to save costs and improve profitability, implementing new software might not seem like the obvious thing to do. However, reimagining your business processes can lead to many benefits that affect the whole business.
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Saves money
Reduce the cost of multiple systems by paying one monthly subscription fee for your ERP system.
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Bring the business together
Access all business information with one log in, uniting all data from across the organisation.
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Increase productivity
Reduce manual processing of information and maximise productivity by using one, central system for all business activity.
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Improved Analytics
Get a better understanding of your business activity and performance with real-time reporting.
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Access anytime, anywhere
With a Cloud-based ERP system, organisations can benefit from instant access to their data. It’s no longer necessary to be in the office to run your business.
What to look for in a modern ERP system
Selecting an ERP system can be a daunting task – with multiple vendors available, businesses can often be swamped with information. So what exactly should you be looking for?
A monthly subscription payment model
Many ERP systems are now based on a monthly subscription model, making it more affordable for SME’s up front and over time.
Access anytime, anywhere
Using a Cloud-based ERP system means you can access the system when you’re away from the office, freeing you and your team to work on the move.
Flexible and scalable
Make sure you implement a product which you can tailor over time as and when your needs change, so you can effectively respond to fluctuating demands and build effective customer relationships.
One version for life
No need to upgrade your systems every few months, our software stays up-to-date without needing a newer solution.
Common questions around an ERP system
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Isn’t an ERP system just finance and accounting?
The simple answer is no. Although all ERP systems include some form of accounts functionality, a true ERP system combines information from the across the entire organisation.
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When is the right time to update our ERP system?
There are a number of scenarios where an ERP system can help. Some businesses adopt ERP to support their growth, others utilise ERP to standardise procedures after a merger, acquisition, or for succession planning. ERP introduces efficiency improvements so many businesses also adopt ERP as a cost reduction method.
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We don’t know exactly what we need. Can you help us understand our requirements?
At Advanced, we have a wealth of experience in providing ERP solutions to the private, public, and third sectors. For businesses who require a little more help, we offer a complete end-to-end consultancy, training and project management service that ensures we are able to deliver the system your business needs.
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How is the ERP version different from the MRP version?
The ERP version looks after the core processes that any small business needs to run efficiently and effectively. The MRP (Materials Requirements Planning) version brings in functionality which is specific for the manufacturing sector. MRP calculates the components and materials needed to manufacture a product and control production and inventory.
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How long does it take to implement an ERP system?
Implementation times will vary depending on the complexity, the number of users, the training required, and the level of engagement from the customer.
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How do we measure the Return on Investment (ROI) of implementing an ERP system?
There are lots of ROI tools which can be used to measure the impact an ERP system will have on your business. Most of the time, cost savings will be identified once a business has a clearer understanding of your requirements from an ERP solution.
News and Opinion for Enterprise Resource Planning
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