5 ways in which ERP/BI Tool can help your AgriTech Business grow.

by Shibu Nath Send online flowers to India

The Agriculture Technology industry has doubled its value from $1 trillion in 2013 to $2.5 trillion in 2020. You may not think of it at first, but in today’s era of business, the information system that your company uses matters a lot. Using the right information system can help you grow quickly and manage your business effectively. Implementing ERP (Enterprise Resource Planning) or BI tool (Business Intelligence) can help in this regard.

 

ERP/BI tools enable organizations to automate their processes and improve productivity. This automation leads to higher efficiency with fewer errors. What makes ERP/BI tools different from your regular business accounting software is the learning and forecasting capabilities, which help you prepare financial projections for the coming years. The other benefit of ERP/BI tools is that it prompts you to make better decisions based on data. This means you have access to key data points that can help you make better decisions.

 

Why choose ERP/BI System?

 

Agriculture, like any other economic sector, should be in the business of making decisions. To do this, you need to have information at your fingertips. That’s where ERP/BI Systems come in handy - they provide one central place for all the data an organization needs.

 

The main benefit of such systems is that they enable companies to make decisions based on factual information rather than on hunches.

 

For example, a farmer has information from multiple sources about the current weather conditions. In relying solely on such information to make an investment decision, he might end up losing a good crop due to bad weather and not be able to recoup his investment.

 

Meanwhile, if he has a tool such as an ERP/BI System, he will be able to make informed decisions based on the information he has available.

 

5 ways in which ERP/BI Tool can help your AgriTech Business grow:

 

1. Helps you make better decisions:

The right ERP Tool can help you make effective decisions, resulting in high-quality and greater profits. ERP/BI Tool helps you to know how sales and profitability are doing in real-time and how your business is growing.

 

2. Keeps your Farmers Happy:

By automating delivery schedules and managing farm purchases online, ERP software can help you keep your farmers happy. As a result, farmers are more pleased because they don’t have to wait in lines for a long time or even travel to the market, hence increasing their productivity.

 

3. Stores more information:

The ERP tool HACCP can help you manage food safety and quality, so that you know what is good and what isn't in your business. This will aid in buying new equipment or improving on current ones. You will be able to increase the profitability of your business by using innovative technology because you will also be able to save time and energy on other things that are less beneficial for the growth of your enterprise.

 

4. Increases the Efficiency:

An ERP/BI tool will help you increase your productivity as well as profitability. Using the software, you will be able to manage a wide range of things such as accounting, inventory, and sales of your business effectively. This enables you to have more control over finances and improves the efficiency of doing everyday work.

 

5. Improves your Business Reputation:

An ERP/BI Tool like HACCP helps you keep your business name good by serving high-quality food and being well aware of food safety concerns. Using an ERP/BI Tool can help you keep the food safe and healthy for consumers and thus improve your business's reputation.

 

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Created on May 11th 2022 12:03. Viewed 162 times.

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