Advantages of Custom ERP Solutions for your Business

What is an ERP software?
Enterprise resource planning, popularly known as ERP software is a business management software that integrates various functions of the business in a single system. A business, irrespective of size, has to deal with various functions like, purchase management, sales management, material management, payroll etc. Having a separate system to manage each of these functions is a nightmare. By managing all the business needs in a single system, ERP software enhances business efficiency and performance. Enterprise Resources Planning (ERP) systems bind various functions of the business into a single database.

What are the benefits of an ERP software system?
By integrating various facets of the business, it optimizes the efficiency at which you manage your business and immensely contributes to profitability. The following are some of the benefits of ERP software.

• You only need one system to manage all your business functions. This will save a lot of money which you would potentially invest in buying multiple software systems, tools, applications etc.
• Since it is designed to have a single database, it allows all the users operating at different functions to work faster. Thereby, the efficiency of each function increase
• By automating the various process, it saves a lot of time and efforts involved in managing the business process and computing it
• All the reports and statements are system generated
• Gives a complete view of the business and insights for confident business decisions

How customized ERP solutions help boost your business
A well sought ERP software can help you organise, automate and improve your business. Custom ERP software can increase the efficiency and maintain continuous growth. Unfortunately, choosing such kind of software randomly, you risk wasting money without boosting your business. In this article, we’ll consider the main benefits of using customized ERP solutions and share with you some tips that’ll help you to choose right ERP solution.

In addition to the ability to track Key Performance Indicators (KPIs) in real time, ERP systems can integrate business units, monitor the workflow, identify duplicates and analyse data integrity. Here are the main features of ERP software that can help companies to save money:

• Automating certain parts of an employee’s work
• Troubleshooting single-purpose software
• Ensuring the security of all company data gathered in one place
• Creating a single solution for analysis and reporting
• Simplifying inventory tracking and sales
• Improving the cooperation between employees in different company departments

To better match the needs of a particular company, ERP solution can work on two levels:

ERP as a system or single solution made from scratch
This option is preferable in case you don’t use any ERP applications and plan to apply for the services of a software development company. Business analysts will conduct a series of interviews to define the issues of your business and develop a proper software solution to solve them.

ERP as integrated modules for the existing system
This option allows improving the used business processes without spending resources on development and deployment of a new software solution. Instead of that, you can add new modules to the application that is already in use and carry out concomitant customization if needed. Among the possible options, there are reports module, customers and orders management tools, workload management tools, time tracking system, project dashboards, and so on. Such a solution can help to increase the efficiency of analysis, improve reporting, and allow making better business decisions without interrupting any business processes.

Credits: Pratibha Devasenapathy

Credits: https://tallysolutions.com/erp-software/advantages-of-custom-erp-solutions/