The best ERP systems examples have enabled businesses to gain transparency over all key processes and take control of their businesses. ERP systems examples integrate sales, customer relationships, and distribution to increase productivity and profitability.
What Are The 5 ERP Modules?
ERP systems examples combine the power of the following modules to deliver the best organizational tool for business:
Supply Chain Management (SCM)
Supply chain management is a vital function performed by ERP systems examples. ERP systems examples with SCM features help businesses optimize their distribution and manufacturing processes to create more efficiency using real-time supply chain data.
Access to real-time data using ERP systems examples helps businesses detect and alleviate issues related to production plans before and after the issues arise. This helps businesses take a proactive approach to manage their supply chain rather than being reactive. The SCM component of ERP systems examples helps businesses increase profitability by giving close control over supply chain functions.
Inventory Management
Keeping close tabs on your organization’s inventory with ERP systems examples is vital to maintain SCM. This module of ERP systems examples includes order fulfillment and warehouse management, such as stocking and manual inventory control. Serial numbers with multiple levels, product IDs, SKUs, and revision level tracking are solutions provided by ERP systems examples to help businesses gain control over their inventory management.
Financial Management
Every business must handle its financial functions somehow, and ERP systems examples can provide the necessary solutions. Accounting tools of ERP systems examples analyze and track financial data to reveal trends in your spending, earnings, and profitability. This feature and analytics can give your business the tools to cut costs and discover more opportunities for growth by analyzing financial trends.
HR
Managing employees is a critical business function that can be done with ERP systems examples. The HR module of ERP systems examples helps HR managers handle employee onboarding, time tracking, offboarding, and payroll functions. Automation of payroll, tax deductions, and automation of workflows to reduce errors and duplications are examples of functions of ERP systems examples.
CRM
Customer Relationship Management is a tool of ERP systems examples that stores and tracks customer data to provide valuable insight to improve your sales, marketing, and customer service functions. The primary function of CRM in ERP systems examples is to track customer buying habits. This information helps your sales and marketing teams understand the customers better to expand their sales approaches to increase sales.
Tracking customer conversation history is a valuable tool provided by ERP systems examples to reduce back-and-forth interactions with customers. This will lead to happier customers purchasing more from your business. Your e-commerce platform and social media channels can be integrated with this CRM feature of ERP systems examples to streamline the customer buying experience.
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What Are the Common Types Of ERP?
Here are the standard deployment methods for ERP systems examples:
Cloud-based
ERP systems examples that are cloud-based or software as a service (SaaS) model allows businesses to store and access data on any device connected to the internet. This form of ERP systems examples usually requires a subscription model with the service provider. Continuous updates, training, and customizations can be handled by the ERP systems examples cloud-based service providers.
On-premise
This form of ERP systems examples is maintained on-site in a physical location within the organization. This form of ERP systems examples deployment gives businesses total ownership of all assets. However, this mode of implementation also means that all upgrades and security features will be the company's responsibility.
Hybrid
Hybrid ERP systems examples combine the above two modes of deployment to give businesses more flexibility over their ERP. Users can migrate between modes by adopting hybrid ERP systems examples.
What Is the Most Common ERP System?
Sage Intacct
Sage Intacct is a popular ERP systems examples carrying all the ERP tools a business needs to manage its finances, operations, and customer relationships. Businesses can streamline operations with complete data transparency to drive profitability with Sage Intacct. With its excellent track record with customers, Sage Intacct is an ERP systems examples that is cloud-based with affordable subscription models for businesses of various sizes. Its customization options make Sage Intacct the perfect ERP systems examples for any business.
Oracle
Oracle is the perfect ERP systems examples for its strength in database and infrastructure systems. Oracle has been adopted by many industries due to its comprehensive ERP suite that streamlines all businesses alike. Its cloud-based delivery model has made adoption quicker but Oracle also offers on-site ERP systems examples for businesses that require on-premise solutions.
SAP
SAP ERP systems examples are an integrated systems to streamline all business operations. SAP is the most popular ERP systems examples used by all industries but with a focus on the SMEs with their scalable ERP systems examples. Accessing all company data via a single dashboard creates company-wide data transparency to make better business decisions.
What Are the Benefits Of ERP?
Here are the most attractive benefits of ERP systems examples.
Better Reporting
Access to real-time information regarding your business can be a valuable tool of ERP systems examples. All business data can be accessed via a centralized platform to make informed business decisions.
Better Customer Service
Your business will offer impeccable customer service to build long-lasting relationships with customers using the CRM of your ERP systems examples. With streamlined access to customer information, you can provide better service with more accuracy.
Reduce Inventory Costs
Better inventory management with your ERP systems examples can help avoid the purchase of inventory unnecessarily and reduce overhead costs. It also ensures that your inventory doesn’t run too low to avoid any delays.
Cost Savings
Better inventory planning, customer services, and improved vendor relationships with comprehensive ERP systems examples can help businesses reduce costs and increase sales.
Business Process Improvements
Improved business processes with automation is a crucial benefit offered by ERP systems examples. Smarter workflows can be implemented to improve efficiency and increase revenue.
Compare the best ERP systems examples to find the right ERP vendor to streamline your business processes.
