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How ERP systems improve company's business performance?

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Question added by Rehan Qureshi , Financial Consultant , Self Employeed
Date Posted: 2014/03/11
Rehan Qureshi
by Rehan Qureshi , Financial Consultant , Self Employeed

Enterprises Resource Planning (ERP) solution enables the task involved in performing a business process quickly and efficiently.

With ERP, when a customer service representative takes an order from a customer, he or she has all the necessary information to complete the order. Everyone else in the company sees the same computer screen and has access to the single database that holds the customer's new order. As and when a department completes their work with the order, it is automatically routed via the ERP system to the next department for the next process.

The order can be tracked any time of point by any department by logging into the system. The order process moves so quickly through the organization, and customers get their orders faster and with fewer errors than before. ERP can extent that application to the other major business process, such as employees' benefits or financial reporting.

The entire gamut of ERP activities are summarized below:

 

  • ERP facilitates a company-wide integrated Information Systems covering all functional areas such as manufacturing, sales and distribution, accounts, payables, receivables, inventory, human resources. Etc.
  • ERP integrates and automates most business processes and share information enterprise-wide in real-time, thereby improving customer service and the corporate image.
  • ERP provides complete integration of the system not only across departments but also across companies under the same management.
  • ERP bridges information gaps across a company and focuses on key issues such as productivity enhancement, customer service, cash management, inventory, quality control and prompt delivery. Etc.
  • ERP is the solution for better project management.
  • ERP provides business intelligence tools like decision support system, executive information system, reporting, data-mining, early-warning system, enabling people to make better decisions and improve business processes.
  • ERP not only addresses the current requirements of the company but also provides an opportunity for improvement and refinement in the business process on a continuous process.

Sameh Al-Natsheh
by Sameh Al-Natsheh , Oracle Financial Techno-Functional Consultant / Project Manager , Manayer Najd for Medical

Having one system that includes all enterprise's needs of Programs and modules lower the cost and increase effieciency of Organization where all departments linked together through only one system and Accounting information more robust and audited accurately.

Sami Mughal
by Sami Mughal , Asst. Accounts / Purchaser , Continent Advertising

Enterprises Resource Planning (ERP) solution enables the task involved in performing a business process quickly and efficiently. 

It facilitates a company-wide integrated information systems covering all functional areas such as manufacturing, sales and distribution, accounts, payables, receivables, etc.

Mohammed Asim Nehal
by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

ERP will provide you necessary information to take timely decision. ERP is just a tool to aid you with forecasting, better business decisions. past and present trend, growth prospects with areas covered/uncovered, comparative data (Competitors) etc. These figures will help decision maker to analyse and induct new policies and necessary support system to make business grow.

Everything depends on the vision of the decision maker but with ERP as a tool decision making becomes more simpler. 

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