Once exclusive to large-scale enterprises, enterprise resource planning (ERP) systems today can cater to nearly every organization. Used to manage day-to-day business activities, ERP systems tie together and define loads of business processes, and enable the flow of data between them. One cannot deny the importance of ERP nowadays; an indispensable tool to the efficient functioning and management of various businesses, of all sizes and in all industries. Keep reading to see how Odoo help grow your business
WHAT CAN ERP DO FOR YOUR COMPANY?
Streamline your business process
An ERP solution integrates all of the disparate business functions into a single system, allowing them to communicate with each other. Finance, Human Resources, Manufacturing, Inventory, Purchasing, Quality Management, Sales, and other departments are able to align and meet into one common user experience, hence enhancing collaboration and efficiency. Once business processes are streamlined, management and operational costs go down.
Furthermore, when cloud ERP includes integrated customer relationship management (CRM), human capital management (HCM), supply chain management (SCM) and enterprise performance management (EPM), the system then ties all the applications together with one data repository and a common user experience. Any single department at any time has the possibility to interact with a customer and offer the relevant services or product.
Understand your data
A key ERP function is the central collection of data. Many companies accumulate mounds of data – key to gaining business insights found nowhere else. The challenge however is to pull such insights from your business data, a process that proves to be time-consuming and messy, not to mention inaccurate. ERP solutions on the other hand, can transform the way you gather and analyze data from across your business. They allow data analysts to access real time, cross-business data from a secure and centralized repository, far more efficient than if the data were housed in multiple systems. This in turn ensures data integrity and lower risk.
Perfect your business
When implementing an ERP system, companies are forced to look into their business processes and workflows, which is a good opportunity to assess what works and what can be improved. By running the ERP system, your organization can gain speed, efficiency, and accuracy in its business operations. The ERP system will help you fulfill the demands of your business partners, and keep employees happy; after all, happy employees are productive employees.
Grow with Odoo technology
In order to remain competitive, businesses need to use modern systems that allow them to be flexible and scalable. State-of-the-art technologies such as data analytics, machine learning, and the internet of things (IoT), are contained within modern software systems. They are able to decipher patterns that allow companies to gain competitive advantage thanks to a more comprehensive, real-time understanding of business activities; which is why it is practical and financially sound for a business to migrate to a modern, integrated solution.
Time to scale your business
Many organizations may find that purchasing and implementing an ERP software system is a big investment; which is why your company’s decision on which ERP solution to opt for should be based on criteria that are relevant to your specific business. One thing is certain however; a solution that is designed to offer flexibility, adaptability, and scalability for growth, as well as help in managing partners, suppliers and most importantly customers, is definitely worth looking into!
At Azkatech, our mission is to help you scale your business by facing the many challenges that accompany growth; from forecasting your resources, to figuring out how not to drain your bank account when setting up a new branch. Let us help you propel your business towards new horizons thanks to modeling your business around Odoo solutions on the cloud, as a software as a service or on premises