Alliance Partner
18 Sep, 2020

Why ERP Software Is Important for Your Company

Why ERP Software Is Important for Your Company

Business is growing, evolving, and maturing with respect to dynamic technological updates.   

The concept of growth seems to be versatile and contributes largely on achieving efficiency and development. 

The present century is witnessing high-end digitization and it is very essential to accommodate these progressive changes that revolve around the business world. Once you decide to get your business with high-end progressive technology,  a window of opportunities are going to follow you from behind. 

So again the question strikes …

How Can We Achieve Growth to Par with Technology?

Let’s put some facts together.

ERP is an important tool that can guide business to achieve growth and progress through technology.

ERP ( Enterprise resource planning) is the driving force behind business success and helps to align business with technological updates. It offers complete visibility across the enterprise. ERP consists of highly efficient business intelligence tools for making informed business decisions.  

ERP has the formula to transform business processes into a single platform thus can accelerate business growth and leverage development. The business can cut unnecessary costs and additional investments on human resources and technology.

Components of ERP

Following are the components of an ideal ERP solution.

  Human Resource
  Customer Relationship Management
  Business Intelligence
  Supply Chain Management
  Inventory Management
  Financial Management
  Reporting and analytics
  Manufacturing

How ERP Helps?

NetSuite ERP helping the business by following ways

Integration: by integrating various business software applications.
Management: by making efficient management of business processes.
Optimization: by optimizing fragmented business actions.
Automation: by automating activities.

With ERP software,  businesses can integrate and manage business processes in a single articulated platform. It has the strength to witness business growth by the integration of various applications, automation of activities, optimization of business different processes. It also offers proper balancing and management between back-office functions, technology, services, and human resources within a single platform.

ERP has the potential to create transformations in the following areas.

Reduced investment costs on IT and technology.
Improved Visibility.
Enhanced reporting capabilities and business intelligence.
Effective Planning.
Flexibility to accommodate dynamic changes.
Increased performance efficiency.
Customer Service.
High-data security.
Collaboration and Workflows.
Standardized Business Processes.
Supply Chain Management.

Do You Need an ERP Solution?

The most common question most enterprises ask themselves is this. Do we really need an ERP solution?

A bitter truth that we always forget or intentionally avoid is that most organizations have not made the transformations that they should have, decades ago. Most of them are still holding on to conventional platforms and outdated business tactics. 

netsuite-pricing

You can’t achieve growth or development with that. For Your Information, the war zone has changed long back. 

So, how do you get to know that you require a change? Here is the answer. There are mainly five reasons which indicate to take advantage of an ERP solution to run your business.

While Your Business Outgrown Your Existing Software

Change is constant as your business grows and may flourish in different aspects. Once your business process is unable to fetch the growing demands, it’s very difficult to render and receive services and efficiencies in full length, and also it may lag you behind the modern trends.

The Existing Process Is Inefficient to Meet Your Business

Business is dynamic, and the process you adopt may change as it grows and evolves. Once the process and procedure that you may follow may be unable to capture your business process you’re in need of a solution that can scale up your business.

Constant Need for Software Integration

If your business is looking for other platforms to integrate to receive working efficiency, you need an ERP solution.

Failing to Meet Customer Demands

If you are unable to meet the emerging customer expectations and demands, what you need is an ERP solution which can fetch the needs of your business.

How ERP Can Transform Business?

NetSuite ERP can help the business to achieve varied benefits and growth. NetSuite ERP helps the business in the following ways.

1. Improved Profitability

To provide more control and visibility, NetSuite has made Advanced Project Profitability. Reporting is more flexible than ever before. This ultimately translates into improved margins. Users will benefit from greater insights into project profitability through new and improved user experience.

2. Customer Satisfaction

Customer data from submitted satisfaction surveys are saved in the customer record, contact record, and support case record within your NetSuite account. This allows Support Representatives and Managers to view detailed reports and follow-up if necessary.

3. Simplified Compliance and Risk Management

Businesses can maintain a  simplified compliance system. ERP provides efficient methods for effective risk assessment and management. It also helps to achieve reliable business objectives for attaining business growth and well being.

4. Improved Inventory Management

ERP provides better control over the business processes. ERP helps the companies to experience improved inventory management control. It provides accurate inventory management records for maintaining efficient inventory management.

5. Optimized Growth and Process Efficiency

Businesses can attain optimized growth and process efficiency with ERP software solutions. Optimization of activities positively correlated with increased process efficiency, providing enhanced performance effectiveness for the organization.

6. Flexibility, Reliability, and Scalability

ERP software has in-built capabilities to operate functions with higher-end flexibility to have integrations and customizations to fetch unique business needs. Again software solutions under ERP categories are highly reliable and help to scale up the business.

7. Effective Decision Making

ERP solutions facilitate an effective decision-making process.  The aligned features on analytics and business intelligence give the leaders to forecast the growth and emerging problems and can generate effective solutions to tackle the same. Informed decisions making process empowers the business to attain growth.

8. Business Agility

Business agility is critical. ERP helps businesses to adapt changes quickly to meet the dynamic market. ERP empowers the business to respond internally and externally to fetch increasing customer demands.

9. Saves on Un Required Costs

ERP solutions possess effective mechanisms for reducing money spent on unnecessary things. For instance investment on other third-party tools or software to run business. And the automation facilitates operational effectiveness and gradually can short the manual resources thereby company reduces cost.

Revamp your ERP journey with NetSuite ERP

NetSuite is a #1 cloud ERP solution with high working efficiency by integrating various functional and operational attributes into a single platform. This platform caters to the ERP needs of the business and also it is a package of CRM tools, eCommerce capabilities, and PSA. It can automate business operations and provide optimized solutions within a cloud base. So the business can access data anywhere, anytime, and delivers flawless running of the business that remains connected and distributed across the globe.  NetSuite is a modern integrated solution which beats the conventional ERP technology enforcing a tough competition in the market.

NetSuite helps to manage many aspects of business like:

Financial management
Purchasing
Account Payable and Receivable
Budgeting
Revenue Recognition
Reports and analytics
Business intelligence
Human Resources
Inventory management
Manufacturing
Customer relationship management
PSA

There is a general notion which states that businesses can make outstanding benefits while attributing the same with the technology. It can contribute to a systematic transformation of the business irrespective of the industry with respect to their technical or non-technical demands of your business.  If you are resistant to learning or upgrading your business, your growth stays stagnant and conventional. So adopt technologies which are worth making a transformation. 

NetSuite holds lots of benefits over common  ERP applications and tools. Businesses can achieve growth and highest progress with NetSuite ERP. Shift to NetSuite and enjoy exceptional benefits and unending business progress. It’s high time to get a change.

Jobin and Jismi IT Services LLP is having extensive capabilities to extend NetSuite ERP and related services to companies across the globe. We have already marked our legacy on service expertise and the highest client retention rates.  Avail our cost-effective services and remain connected by sending your queries to contactus@jobinandjismi.com.