Key in “ERP software” in your search bar and be amazed not only at the number of results that would generate but at the diverse information you would get if you went to each of the sites. That is because no two ERPs are the same. Each system is different for each organization, in each industry.
Every Enterprise Resource Planning System has a unique set of requirements and implementation challenges.
One thing is universal, however, and that is the fact that the Enterprise Resource Planning software is a powerful business tool. It is powerful because it is transformative and yet simple all at the same time.
To get a sense of what ERP can do, think about the components in running a business. There are several operational units, each of which is vital to the organization and without which the operations would fail. Among these units are inventory, sales, human resources, manufacturing (if applicable), finance, and customer relationship management.
Other organizations have more units with much more detailed functions.
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Each of these business units are expected to run like clockwork. They have their own decision makers, managers and a vast amount of information. Imagine, for instance, data about actual and prospective customers all over the country, profiled according to their buying pattern, geographical movements, or growth prospects. And that is just for one unit.
Often, these distinct and separate business units are able to store data and use the information on their own, but are not able to efficiently share the same to the bigger organization. This is what ERP seeks to correct.
With an ERP software, each unit stores information, updates and shares it in a uniform way that goes to a central repository that ensures the whole organization, not just the unit concerned, has an accurate and real time picture of the company’s situation. This way, the exchange of information is seamless and there are no lags. Decision making is more informed, results are better, the customers more satisfied.
And just when you think ERP is the best thing in the world, Netsuite reminds you that a cloud-based ERP system will take your company to greater heights that any on-premise Enterprise Resource Planning software can ever do.
This is because a cloud-based system like the Netsuite ERP System provides all the benefits and conveniences without the baggage and the cost of its on-premise counterpart.
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