Accounting to Warehouse Management: The Vast Benefits of ERP Software

Software solutions available on the market today focus heavily on integration, but what does that mean for your environment? When you are considering ERP software, it can actually mean quite a bit. ERP software can touch several different elements of your business, but if the platform is not integrated, it won’t deliver any more value to your organization than the disparate systems you already have in place.

You likely have one specific focus in your role as a decision maker, but the decisions you make can affect your entire organization. For instance, deciding to implement a new piece of machinery on the manufacturing floor not only changes the activities of those on the floor, it also reduces the available capital for other purchases, it likely changes your available delivery times on completed products, and could even change the supply chain management.

The same is true for other areas of the business. When you have an opening in a specific department, the HR manager – or hiring manager – needs to find the right individual for that position. When a sales rep closes a large deal, your production floor needs to be ready to accommodate the order and your distribution system must be flexible enough to meet delivery requirements.

As all of these activities touch each other, this demands that you take an integrated approach to the operation of the business as a whole. ERP software can allow you to take that integrated approach. Robust providers in this space, such as Oracle, SAP and NetSuite, can provide you with customizable options that allow you to control just how much integration is delivered across all departments.

There is such a thing as too much information that can bog down certain divisions of your company and your goal is to create a more efficient and productive environment. By taking a deeper look into the different areas where you can benefit from ERP software, you’ll see how this integration will make a difference in your business.

Accounting – Why ERP Benefits Matter in Financial Matters

Is your company project driven, or do you focus more of your initiatives on your strategic goals? This is an important question to answer when you are considering ERP software. If you are project driven, you likely look at the potential in ERP software as enhancing your cost accounting or job costing, providing new integration and functionality, improving operations and driving overall efficiency improvements. Such tactical benefits are important, but you also have to look at the bigger picture.

The benefits mentioned above are important in the day-to-day activities involved in your business. And, you do want to be able to capture costs more effectively, send out invoices more quickly and update your financials on a daily basis. Step back, however, and ask yourself what you can get out of your ERP software implementation that will impact the overall financial health of the business. How can you improve cash flow, reduce costs, gain a competitive advantage, drive revenue and increase profitability?

You want to look to your ERP software platform as the tool that will integrate your accounting processes with the rest of the organization so as to strive for – and achieve – these benefits.

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