Although there are many different types of business software in the marketplace, enterprise resource planning (ERP) solutions are favored by businesses of all sizes and in nearly any industry sector.
An ERP solution offers a single source for entering, accessing, and analysing all of your business data. If you’ve ever been asked or wondered yourself “What Is ERP?”, then continue reading. Here are a few things you need to know about ERP before choosing the solution that can strengthen your business and drive growth.
1. Basic features
ERP solutions offer end-to-end business management functionality that supports business operations from the front office to the back warehouse. You can manage accounting and financial operations, inventory and supply chain activities, manufacturing and distribution processes, human resources and payroll, and other core operations.
2. Tailored features
Many ERP platforms, such as those offered in the Microsoft Dynamics AX suite, offer additional features or functionalities that are more tailored to smaller businesses or to larger enterprises. Smaller businesses don’t need all the ‘bells and whistles’ that are often needed by larger businesses, while larger businesses need specialised features to manage more complex operations.
3. Add-on modules
Microsoft offers a network of providers that offer unique add-on modules to make your ERP work with greater efficiency. You can also customise features of your ERP solution to streamline data collection, analysis, or reporting.
ERP solutions can be deployed on-premises, in the cloud, or with a hybrid deployment, which uses both platforms. A mobile deployment offers the ability to enter or access data from nearly anywhere and at any time, which can provide a competitive advantage.
5. ERP support
Since ERP is not a software program that you install yourself, you need to partner with an experienced software provider. Your provider can offer the information needed to choose an ERP solution that matches your business needs and budget. In addition, after deployment, your provider can deliver training, technical support, and maintenance activities, as needed. This partnership can ensure that you are using ERP to its fullest potential and that it remains aligned with your business needs as your business grows and changes.
Modern ERP is more efficient than using disparate, specialty software programs and can improve productivity, profitability, and customer satisfaction. Contact Microsoft Dynamics Partner to learn more about your ERP options and for guidance with choosing the right solution for your unique business needs.