Understanding How ERP Adds Value to your Company

by Vestrics Solutions Vestrics

The unparalleled efficiency from the features is what sets an ERP system apart.

With the ever-growing business complexities and sophistication, the set up of a fully computerized system to manage processes and workflows comes as a natural demand.   

Overseeing day-to-day business processes like accounting, forecasting, project management, supply chain, marketing, HR management, and procurement can be centralized and integrated into an SAP ERP software.        

What defines business/company value?  

Value is a target in business administration that is gradually generated over time and incremented through a combination of strong customer satisfaction, high-quality products or services, sustainable market presence, and higher reliability.    

Company value necessarily does not represent just a healthy bottom line as businesses can enhance their bottom lines without any value generation. Through a combination of above-mentioned factors, true value addition can be achieved and ERP sure plays a vital role in achieving the same.      

ERP implementation for deriving sustainable business value   

Companies with a reinforced structure for management and administration facilitated by an advanced control over the myriad operational/functional elements can truly sense the demands and delivery of value generation.

Investments in IT systems that centralize control over myriad business aspects can transform unorganized enterprises into sustainable value-addition models with a reinforced bottom line supported by ERP.  

Implementation of an ERP business software unifies departmental operations in an organization to further, enhance efficiency thus resulting in value addition.

How actually is business value created through ERP?   

True value is created when businesses and customers come together. Business-Customer relationship forms to be the core of value creation and is a major factor contributing to sustainability and survivability of a company.

Through the automated approach for Customer Relationship Management (CRM) as enabled by ERP implementation, managers benefit from a detailed look at their customer relationships and target marketing, sales, production and quality efforts so as to derive better responses and unhindered communication with the customers.   

Facilitate value creation by optimizing the nature of organization with resource planning automation  

By altering the basic nature of an organization to optimize functionalities and operations, it becomes possible to facilitate value creation through ERP enabled strategies like -   

§  Centralizing business activities and functions  

§  Introducing standardization in organizational structure   

§  Achieve alleviation of information and data anomalies    

§  Generate on-the-go and real-time information tracking    

§  Adoption of “Smart Strategies” and “Best Practices”  

§  Streamlined and precise planning and control through multiple user access to data  

ERP automation and its impact on workforce motivation   

Every business strategy is terminally dependent on the efficiency of the workforce in its implementation and effectiveness. Any business system implementation needs to be created with a prime consideration of the workforce's abilities and needs.   

As true value is created by the employees, a business needs to structure its processes to accommodate workforce abilities through precise role definition. With ERP software implementation such as ERP for small business India as enabled by Vestrics, workforce motivation to enhance value creation through efficient communication, reduced friction in information exchange, better rewards and clearly defined roles can be targeted.    

ERP software systems are gaining vast adoption and popularity at a phenomenal rate. They bring a vital boost to any organization and ensure competitiveness in the market. Through investments in such an automated IT system, better value creation can be targeted.   

If you’re ready to upscale value creation, get in touch with Vestrics - A SAP Gold Partner firm offering seamless implementation of SAP ERP services for your company.

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Created on Apr 9th 2020 00:21. Viewed 281 times.

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