As a business leader, it’s vital for the future of your company to be on the constant lookout for new tools that enhance your day to day functioning. A smart way to positively affect your Return on Investment (ROI) is to increase the level of automation in your team’s workflow. The best way to do this is by implementing an ERP (Enterprise Resource Planning) system.
Today we’ll review everything you need to know about ERP and the automation benefits it can bring to your company.
Increase Employee Productivity
Every business gets stuck in a rut now and then – the important thing is how you address it. In most cases, this happens as a result of monotonous and repetitive actions by employees.
When your team is tasked with completing dull, recurring tasks, there’s no room for creative challenges and new projects. In order to allow your employees some breathing room, it’s vital for the future of your business that you arm yourself with handy tools.
If you incorporate Enterprise Resource Planning workflow to the way you do business, the majority of these repetitive actions will become part of an automated process. As a result, every individual in your team will have more time to dedicate to brainstorming and dealing with new projects, leading to a happier team and a higher ROI.
Eradicate the Need for Small Systems
Most businesses have one or more pieces of software that are specific to the functions of each department. Not only do you have to keep each piece of software up to date, but you have to rely on integrations or manual data re-entry to keep your data synchronized.
This also affects the amount of time necessary to retrieve a piece of information. If you sum up every minute that a customer or a supplier spent waiting while one of your employees was trying to get to the relevant data, it equals a lot of wasted time.
An ERP system combines all functions of a business into one platform, so there’s only one database to search. This means all departments are automatically running on the same information. Not only does this save you time, but also energy and effort.
If you provide your team with one smart system instead of several disconnected ones, they’ll be able to increase their efficiency. Your team will be able to work faster, accomplish more tasks, be more energetic, and most importantly, bring in more money to your company.
Reduce Errors and Misinformation
Increasing the amount of automation in your business has the added benefit of decreasing the number of human errors made throughout the day. There are many different types of errors that automation can overcome.
The majority of errors that come with multiple disconnected systems come from having to manually re-enter data from one system to the other. This leaves room for simple mistakes such as transposing two numbers in a phone number, entering data in the wrong place, or forgetting to input data at all. Having all the information in the same system from the beginning eliminates these issues.
Another type of error solved by ERP is workflow failure. A common example of this for service businesses is during the RMA process for items which are replaced free of charge by the manufacturer, but only if the original item is returned to the manufacturer by a specific deadline. Without automated tracking and alerts, that deadline can easily be missed, resulting in money wasted on an unusable item.
Implementing an ERP system greatly reduces the frequency of these errors, which saves time and lowers costs, thereby increasing your ROI.
By now, it should be clear that taking advantage of the workflow automation provided by an ERP system is a smart move for your business. It will allow your employees to become more productive, eliminate the need for multiple pieces of software, and reduce costly errors.
In the sea of software that saturates the digital market, it can be challenging to find the right one for your business. The first thing you need to do is carefully document your business requirements so that you can evaluate the features of any software product against your specific business needs. If you’re ready to start your search, check out our guide to creating a requirements document.