A question that every business owner is thinking of “How do I sustain my business in this era of technology?” The answer is simple – Enterprise Resource Planning (ERP).
To understand what exactly ERP is, one should think about all of the various processes that are essential for running a business. For example Finance/accounting, human resources (HR), customer relationship management (CRM), inventory management and so on. The software essentially integrates all these various functions into one complete system and streamlines the process flows. As a result, the information, being used across the entire organization is now from a single source, error-free.
At its core, the main function of an ERP system is to help the employees do their jobs more efficiently. It breaks down the various barriers between business units & helps the organization achieve:
- A real-time global view of data that can enable companies to address concerns proactively and drive improvements
- Financial compliance with regulatory standards and reduces risk
- Automation in core business processes such as lead-to-cash, order-to-fulfillment, and procure-to-pay processes
- Enhancement of customer service by providing a single source for billing and relationship tracking.
When you take up all of these advantages, the value of an automation software becomes clear. With an ERP solution in place, employees have access to accurate information enabling them to make better decisions quicker. Not only that, but the software also helps in eliminating redundant processes and systems, dramatically lowering the overall cost of doing business.
When it comes to the deployment of the ERP system businesses can choose the method of deployment for their organization as per their unique organizational requirements. The most common modes of deployments are on Cloud or On-Premise and Hybrid Models.
With the On-Premises ERP System, the organization has the entire ERP system installed locally on its company’s hardware and servers. Unfortunately, in the recent past, this type of deployment has become cumbersome since it involves heavy expenditure for the business owners. They end up spending a considerable amount of their precious time and money on data centers and also on employee training in critical processes such as back-end support for database integration, data analytics, and ad hoc reporting.
Even though the On-Premise system has been around for a long time, many business owners are now looking for newer ways to make their business process simpler. It’s here where the Cloud ERP comes into play. By using Cloud ERP, a company’s ERP software and its associated data can be managed centrally by the ERP vendor. The customer has complete freedom to access the data from anywhere they might be, through a web browser or a mobile app they have the required data at their fingertips.
Companies in highly regulated industries and many government agencies are sometimes restricted in terms of where they can keep their data geographically. In such cases, the organization may run a part of the ERP software suite on premises and part of it in the cloud. This is done by using Hybrid Cloud deployment.
To know how we at Kaar Technologies can help you get your ERP system in place and choose the best option based on business demands, please write to us at firstname.lastname@example.org