Enterprise resource planning (ERP) is a type of software used by businesses to manage daily activities including project management, accounting, risk management, procurement, supply chain operations and compliance. Custom ERP systems are used by businesses of all sizes and in all industries as they are highly effective at connecting every aspect of an enterprise.
This connectivity leads to better overall performance and can help businesses plan, predict, budget and more accurately report on the processes and financial health of a company.
Eight Ways Custom ERP Software Can Improve Workflow
Custom ERP software is also known to improve workflow efficiency, often creating shorter lead times, reduced costs, improved quality, greater profits and better customer service. Here is a closer look at how custom ERP solutions boost efficiency in the workplace.
1. Achieve Better Decision-Making
ERP software allows businesses to instantly retrieve real-time information and data. Custom ERP solutions allow for the uniform and systematic flow of business data across all departments within an organization.
Access to a continuous stream of real-time information enables business leaders to make informed decisions based on facts and data patterns. Access to real-time data also gives businesses the information they need to conduct accurate analyses.
2. Improve Collaboration Between Employees
Poor collaboration between employees can develop when team members do not have access to the information they need. Communication problems between team members can have a negative impact on nearly all aspects of business.
By providing employees with the real-time information they need by using custom ERP software, businesses may see improved collaboration across all departments.
3. Reach A Higher Level Of Productivity
Many businesses suffer from low productivity, especially when they have systems in place that do not provide true value. Investing in a custom ERP software solution can help boost productivity in the workplace by saving employees time and reducing frustrations.
ERP solutions can help eliminate much of the repetition associated with tedious manual tasks that are common in business processes. When employees no longer have to deal with these tasks, they are able to focus on more important areas of business operations that are more interesting.
4. Identify Sources Of Waste
Custom ERP software is often designed to help businesses document their workflow. This feature enables business leaders to clearly see what processes are slowing down daily operations and then implement new strategies for improving efficiency in each department.
ERP data analysis can help in many aspects, from maximizing warehouse space to managing material delivery times. Custom ERP solutions can have a major positive impact on a business’s output.
5. Increase Customer Satisfaction
Most businesses would agree that customer satisfaction is of the utmost importance for any organization. ERP software opens up an opportunity for businesses to integrate an innovative Customer Relationship Management (CRM) function that is conveniently embedded directly into the ERP software.
This process can help coordinate the workflow of all departments, thus simplifying the order management process. This affects nearly all departments in a business, including production, inventory, accounting and shipping. Customers can also use the function to track the progress of their orders.
6. Cut Down On Operational Expenses
Many businesses hesitate to invest in custom ERP software due to the initial cost. However, most companies find that the software pays for itself in just a short amount of time. Integrating a powerful ERP software solution can help decrease a business’s labor and operating costs.
Businesses can use enterprise resource planning to better manage their time and resources, saving them money. ERP solutions can also be effective in consolidating the company’s financial reports and other ongoing expenses.
7. Minimize Security Threats
Custom ERP software developed by experienced IT professionals is not only reliable but also highly secure. Many of these solutions offer advanced user-permission settings that allow business leaders to control who has access to what information, thus preventing sensitive information from falling into the wrong hands.
Personalized log-in information can be used by individual employees to access only the information they need to perform their job duties.
8. Ensure That The Business Is Compliant
State and federal regulations are put in place to ensure that businesses meet certain standards regarding various business processes, such as data security, financial accounting and product traceability.
Custom ERP software can also help businesses continually meet compliance by providing the information necessary, such as accurate financial records and tracking data. In addition to staying compliant, these functionalities can help improve overall workflow efficiency.
Speak With Our Custom ERP Software Professionals
Developing a custom ERP solution can provide businesses with immeasurable benefits. From increased efficiency and decreased costs to better decision-making and inventory management, ERP systems influence nearly all aspects of an organization’s operations. Developing custom ERP software can be a complex endeavor and should only be approached by a reliable and experienced custom software company.
Learn more about how custom ERP can improve workflow efficiency or get started with the custom software development process by contacting the experts at Orases by calling 301.756.5527 or by requesting a consultation online today.