Implementing a cutting-edge Enterprise Resource Planning (ERP) System will ensure your business remains ahead of the curve…

Navigating the corporate world is no mean feat – especially as society becomes increasingly digital and deeply interconnected. To boost productivity and minimize stress, it’s up to business leaders to invest and implement the ideal tools for the job; solutions that expand our understanding of complex computer networks, and provide a helpful overview of the applications running throughout every corporate facet.

This is why ERP Systems are fast-becoming the most sought-after application for businesses worldwide, integrating separate departmental functions into one easy-to-manage software application. With far-reaching benefits – from improving workplace productivity, to minimizing costs and streamlining intricate processes – a leading ERP System is guaranteed to help your business thrive, and this feature will tell you exactly how…

• Increase system security surrounding business data

Data undoubtedly lies at the heart of ERP. We know that the ability to seamlessly share data across customer service, sales, marketing and business development greatly elevates collaboration, which in turn drives growth. But it also remains imperative for managers to monitor and control exactly who has access to what, or risk compromising the security of invaluable company data.

With its advanced user-permission settings, a state-of-the-art ERP System only warrants access to the specific information requested by the user, significantly reducing any chance of crucial data falling into the wrong hands. Employing a unified data source with a single input system also improves the accuracy and consistency of your data, supporting the long-term ERP advantage.

• Cost Savings

Employing a single system that grants omniscient oversight means you’ll no longer be forking out IT expenses relating to admin or management staff, support, infrastructure or even application licensing. On top this, you’ll no longer need to pay for end-user training since the system eliminates the need to jump between multiple applications.

• Streamline Business Processes

As organizations become increasingly influential, it’s inevitable that daily corporate functions become more and more complex. This is why ERP Systems seek to break down departmental borders, offering reliable, real-time information for users who  oversee these complex processes, considerable bolstering functions like production, order completion and delivery. Above all else, an ERP System ensures your daily business runnings are sleek and efficient.

• Superior Data = Superior Decisions

“Using disparate, poorly integrated business software systems can lead to messy, non-standardized data. This makes year-over-year comparisons less accurate, more difficult and more time-consuming—and can also be a serious detriment to forecasting,” Forrest Burnson writes for Software Advice.

“With a modern ERP system, all necessary applications are integrated, your data is standardized and the tools to see year-over-year comparisons and forecasts are built in.”

• Greater Visibility

With its uniquely centralized design, ERP platforms allow you to monitor your inventory as often as you like, empowering you with a level of control that also heightens your ability to stick to a long-term strategy for success. This level of transparency means you view the business in its entirety rather than distinct aspects or departments, encouraging collaboration as you revel in the profitable ability to make more informed decisions.

• Trust Employees to Generate Revenue

Truth is that a lack of efficiency is going to cost you money, and for SMBs with a finite resource catalog, this could be devastating.

“[SMBs] need power, intelligence and automation,” Marc Kalman, CEO of Bizlate, explains. “They need to be able to do more with fewer employees. Every employee should be adding value to the top or bottom line of the business—not wasting time due to lack of efficiency and centralized data.”

Automated functions ultimately gives employees more time to generate growth, something your business will benefit from now and long into the future.

Here are three industry-leading ERP Systems for fast-paced business growth…

SAP

Standing as a recognized trailblazer in the field of enterprise application software, SAP is empowering SMEs on all four corners of the globe with cutting-edge software that streamlines complex business processes.

SAP Business One

In a global economy that’s diverse and rapidly-evolving, tools that only allow you to manage one business aspect at a time don’t quite make the cut. But with SAP’s Business One solution, you’ll benefit from a much deeper level of control over all your corporate assets, since this innovative software is designed to grow with you.

It’s an affordable way to oversee your business functions as a whole – from accounting and financials, to purchasing, inventory, sales, customer relations and project management, to operations and even human resources. As a solution that moulds to your demands – offered in 27 languages and 43 localized versions – SAP Business One is an accessible tool that has real capabilities to help your business thrive.

SAP Business One on HANA

The in-memory technology of the HANA database environment provides superb performance as well as a host of new features including, amongst others:

• Available to Promise Check – allowing customer service to dynamically adjust commitments for important orders and customers.
• Cash Flow Forecast – based on selection criteria like specific marketing documents or security of transactions.
• Dashboard Designer – embeds the Crystal Dashboard Designer.
• Interactive Analysis – covering areas like aging, cost centers, liquidity, budgeting, inventory turnover, plus user defined.
• Enterprise Search – based on powerful web tech.
• Mobile Applications – functions like the enterprise search, pervasive analytics, and cash flow are additions to the existing SAP Mobile App.

To find out more about SAP read more here

 INFOR

Infor is known worldwide for its ability to construct comprehensive, cloud-based industry suites and deploy software that prioritizes user experience. These solutions leverage data science and conveniently integrate with existing systems, helping more than 90,000 companies around the globe achieve a significant digital transformation.

“Infor’s complete product portfolio gives you everything you need to run your day-to-day operations and grow your business for the long-term,” the company explains.

“Whether you need to optimize vital back-office functions like HR and financials, jumpstart your customer experience, or initiate digital transformation, Infor solutions have you covered. With contextualized business intelligence and social collaboration, our applications help you solve any business problem and are built for secure and scalable cloud deployment.”

Understanding that modern ERP Solutions have excelled far beyond more conventional ERP functionality, Infor’s ERP platforms – which cater to an expansive range of industries that have continuing global relevance – Infor’s ERP products flawlessly blend business intelligence, sales automation, and ecommerce.

ORACLE-NETSUITE

Oracle’s acquisition of NetSuite became official at the end of 2016, cementing this conglomerate’s position as a pioneer of the cloud computing revolution.

Oracle-NetSuite’s ERP solutions have been shown to accelerate business performance, offering one of the world’s most deployed cloud solutions. Targeting financial management, order management, production management, supply chain management, warehouse and fulfilment, procurement, human capital management and everything in between, the ERP System from Oracle-NetSuite will simplify and elevate mission-critical corporate processes.

Specifically-designed to support growth, the platform is easy to customize and adapt to every need, embodying business management system that’s both scalable and reliable. The tool allows you to combine complex data with visual analytics, allowing you to draw meaningful and actionable corporate insights. And the free time generated as a result of process efficiency grants you both the time and resources needed to drive growth, inspire innovation, and of course, stay ahead of the curve.

“[Oracle-NetSuite] is engineered to scale with businesses as they grow and to streamline mission-critical processesm,” the website notes. “In turn, this allows them to continue focusing on what they do best and to react to new market opportunities swiftly and confidently.”

*Some of the companies featured in this article are commercial partners of Tech Wire Asia