Seven Cost Benefits of ERP Integration

Automate. Consolidate. Iterate. The cost benefits of ERP integration come from your new powers to reduce overhead, analyze your entire business all at once, reduce duplicate processes, automate others, and make strategic improvements that enable you to divert resources towards more value-added achievements. 

As your business grows, the default strategy is to expand all day-to-day operations. After all, that’s what’s powering the expansion.

But every organization has certain breakpoints where the things that got you to this point can take you no further. If you can see from one end of your business to the other in real-time, you will know where these points are and how to keep everything moving smoothly, making the right adjustments at the right time.

This saves you money in the short term, while keeping your long-term growth moving steady, without minimal hiccups or pitfalls.

The constant cost benefits of an ERP Integration into your systems underwrite the most efficient advance of your company: Keeping everything in top working order with centralized data systems reporting everything that’s happening at all times.

An Enterprise Resource Planning System is a software solution that takes the independent systems running throughout your business and ties them together.

Using a single data layer as your business's company-wide source of truth, you integrate collobaration and communication between disparate areas like supply chain or inventory management with accounting and financial reporting.

Here are the top seven cost benefits to an ERP integration of all your systems:

Synergies:

When every primary function of your business uses independent software to support its distinct operations, you can’t see the opportunities for how changes to one function can lead to improvements in another function. Centralizing your systems evolves a business from an octopus, where eight arms are moving in it’s own direction, to a bee hive, where every member serves the whole and it’s unified purpose to make honey. A single system diverts the focus of each group to serve the company as a whole, creating synergies and cost savings.

Automation:

The great cost benefit of an ERP integration is the reduction of operating costs by reducing manual work. For manual tasks like data entry, multiple departments might be entering the same data, or same type of data without even knowing it. You could be wasting time and money on duplicate procedures, not to mention fixing the errors involved with manual data entry. Autmation lets you do more with less, freeing up resources for bottom-line operations like lead generation, onboarding, support, and customer service ERP integrations also allow you to tie in inventory with sales and deliveries to automate procurement and keep stock levels as lean as necessary. By streamlining your supply chain costs, you increase your cash on hand by reducing the amount of inventory gathering dust.

Analytics from at a Mountain Peak View of Your Business:

To reduce the risk of costly decisions, it is critical that you can see the results of every choice in real time.

By offering a single source of truth for the information your business collects, you can see how every part of your business is doing at any point in time to determine if an initiative, policy, or decision is delivering positive returns.

A central database takes the information coming in from all your systems and puts it together. You can cross-check inventory levels with sales or daily expenses. You can track the number of emails you send potential customers with new business. You can compare a new manufacturing process with the speed at which products are sent to the customer.

This gives you top-level business intelligence to track your decisions and iterate when necessary. You can take a sluggish department and make minor changes. You can reverse a decision in minutes. You can see where something is succeeding and put more resources into scaling it.

A customized ERP system produces a dashboard tailored to the day-to-day operations of your business's moving parts. In a single view, you can see everything.

Information that initially took days or weeks to produce, you have at the click of a button, giving you intelligence, agility, and speed to act.

Full-Time Compliance: 

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Whether local, national, or expanding operations or sales into new countries, you must fully comply with all national and local regulations.

As we enter unchartered waters concerning AI, data privacy, and the environment, new regulations must constantly be added to your systems and followed.

ERP systems include built-in auditing tools to make it easy to comply with all regulatory bodies.

A single data source lets you create all the reports you need to demonstrate how you operate within the laws of the locality you are working in.

Expand Efficiently:

Growth, like anything else, comes with risks. There are risks that one part of your business grows faster than another, putting strain on the lagging department.

The amount of data you are taking in can move faster than your ability to expand and recalibrate your systems, leading to bottlenecks throughout your company resulting in declining customer service.

A new technology, like an AI bot or advanced data solution, can break the rest of your software in ways you don’t expect.

By unifying everything under an all-in-one platform, you can expand your business in an ordered way, always keeping an eye on internal KPIs (key performance indicators) to ensure your growth is distributed effectively throughout your company.

Inventory Monitoring:

More than ever, your supply chain is critical to your success.

One of the cost benefits of ERP integration is including barcoding, tags, serial numbers, and varied ways to keep an eye on your inventory at every stage of procurement and delivery.

Real-time data tells you what costs more to carry, what is in greater demand, and what products are sitting in storage for too long. The real-time view gives you superior information to make decisions right away.

Productivity Increases

With an ERP system as the sole data source, you don’t have to merge processes or documents across systems. Employees can access stronger data to make better decisions.

By eliminating repetitive tasks throughout your organization, every employee becomes more productive. Automation of other manual processes reduce time and cost.

By enabling the collaboration of teams from different areas of your company to communicate through a single system projects get done faster and with less arguing or back and forth.

Through custom ERP integration into your business, you become leaner, more agile, and better equipped to react fast to todays ever changing competitive landscape.

Saving your business time and money consistently with an ERP System customized to your business  is what we specialize in.  Let’s talk about it at your convenience.