The Key Advantages of Implementing an Enterprise Resource Planning Software
CIOReview
CIOREVIEW >> Enterprise Resource Planning >>

The Key Advantages of Implementing an Enterprise Resource Planning Software

By CIOReview | Monday, January 3, 2022
cioreview

cioreview

ERP systems are a no-brainer for any company looking to the future and prioritizing strategic planning across the entire organization.

FREMONT, CA: Since an Enterprise Resource Planning (ERP) system can track such a large number of moving elements, it requires a high level of customization and ongoing management to ensure data is accurate. However, once fully connected and thefirm is employing all of the features, it helps firms manage costs, inventory, personnel, and more seamlessly. This article will discuss the advantages of implementing ERP on the Salesforce platform. While many of the benefits are universal, Salesforce provides extra features and integrations that would not be available without Salesforce.

The following are some of the significant benefits of a Salesforce-native ERP system that can assist entrepreneurs in positioning their firm for success.

Increased collaboration within businesses

While employees are frequently compartmentalized inside an organization, ERP unifies data from all departments into a single source of truth, making it easier to share correct data in real-time.

Having all data in one location and updated in real-time has a number of operational benefits:

      • Reduce errors sometimes caused by the use of erroneous or out-of-date data

      • Maintain the momentum of projects that might have stagnated due to a lack of information.

      • Eliminate the need to merge different data sources and maintain confidence in the integrity, completeness, and security of ERP-enabled data.

      • Eliminate the possibility of human error associated with manual data entry processes.

Productivity enhancements

By automating key activities such as inventory monitoring or invoice production, businesses may boost overall productivity and devote more attention to things that might have fallen by the wayside otherwise.

Additionally, entrepreneurs cannot emphasize enough how much time can be saved by having a single source of truth for data across departments. Manual data input activities that formerly consumed significant time are now automated—and with improved accuracy, saving time on revisions.

ERP systems are capable of performing complex calculations fast and automating time-consuming operations. The staff can devote more time to a project, generate more income, and manage their time more efficiently and profitably.

Enabling teams to interact with correct data improves the success of initiatives and results in improved customer service.

Improved customer interactions

By integrating ERP on Salesforce with Salesforce Customer Relationship Management (CRM) platform, businesses may significantly increase their insight into company operations. From purchase history to personal information, all client data is centrally saved and fed directly into their ERP system, enhancing the customer experience.

By integrating ERP and CRM, businesses can automate customer service functions such as payment alerts for existing customers and lead nurturing strategies for prospects in the sales pipeline. Additionally, businesses can provide additional information to sales and marketing teams to close a sale.

Additional essential benefits of an ERP and CRM solution include the following:

      • Simplify invoicing and accounts receivable management

      • After each month, close the books more quickly.

      • Eliminate billing and invoicing problems to improve the client experience

      • Customize dashboards and portals to put customers in control

      • Connect the product, sales, and finance teams to ensure that they are all on the same page regarding product offerings and income streams.

      • Create effective worldwide financial reports by leveraging Salesforce Tableau/built-in Einstein's analytics.

Provide the entire team with actionable, easily accessible information via real-time dashboards.