Key ERP Features that Can Help Grow Your Company

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If you own or manage a business, you have probably heard of enterprise resource planning or ERP. It is a software solution that can help businesses with day-to-day operations. But do you know what functionalities it can offer? 

Below are some of the most important features you can expect if you use reputable providers like Technology One consulting services from Lanluas and other reputable providers. 

Integration of Various Systems

Traditional, standalone solutions have the ability to fit in with other systems, but none of them can match the level of seamless integration ERP has to offer. ERP solutions consist of a suite of various applications designed to complement each other and work well together. 

What is more, ERP systems offer a single database where you can collect and store data across various departments. With a fully integrated operation, you can analyze, monitor, and perform data-intensive tasks with relative ease. It also allows for better communication so different departments do not have to operate in silos. 

Automation of Core Processes

ERP solutions can automate many business processes, from order entry to invoicing to accounting to payroll. This is one of the biggest reasons why you should use reputable providers like Technology One consulting services from Lanluas. 

Automating most of your core processes can free up precious man-hours that can be redirected to other value-adding tasks. It can also help eliminate errors from repetitive tasks. These improvements will lead to significant gains for your company. 

Management of Supply Chains

Most ERP solutions offer supply chain management modules that can track the product from pre-production all the way to the consumer. It even goes one step further and manages the refund or replacement of product returns. It provides a wide range of functionalities, including but not limited to procurement, management of inventory and orders, manufacturing, and warehousing.   

Customer Relationship Management Tool

Customer satisfaction drives virtually all businesses, and it is one of the main focal points of ERP solutions. By using the Technology One consulting services from Lanluas and other reputable providers, you can easily manage a significant customer base that is too big for spreadsheets. It will also allow you to centralize the information of all your customers for quick access, which is helpful when processing shipments.

Aside from managing contact information, ERP systems can be used to automate some marketing tasks, such as managing leads and guiding customers through the sales process. 

Management of Human Resources

ERP systems also come with HR business processes. This includes reporting and data entry functions. In companies with hundreds or even thousands of employees, manually inputting their contact numbers, demographics, designation, working hours, and other key information can be time-consuming. What is more, it is vulnerable to errors and its cost implications. 

Aside from the convenience and accuracy in managing employee information, ERP systems make this information accessible in a single database. If you want to generate a report before making a business decision, you can easily pull the information that you need.

Sales and Marketing Capabilities

ERP solutions also come with a sales and marketing module that can help you contact customers, track orders, generate sales invoices, receive payments, and process returns. It can also be used to implement targets for your marketing staff, track lost orders, and create reports on various marketing activities. Using the information from these reports, you can analyze the trends and predict the sales from month to month.    

If you own or manage a business, you have probably heard of enterprise resource planning or ERP. It is a software solution that can help businesses with day-to-day operations. But do you know what functionalities it can offer? 

Below are some of the most important features you can expect if you use reputable providers like Technology One consulting services from Lanluas and other reputable providers. 

Integration of Various Systems

Traditional, standalone solutions have the ability to fit in with other systems, but none of them can match the level of seamless integration ERP has to offer. ERP solutions consist of a suite of various applications designed to complement each other and work well together. 

What is more, ERP systems offer a single database where you can collect and store data across various departments. With a fully integrated operation, you can analyze, monitor, and perform data-intensive tasks with relative ease. It also allows for better communication so different departments do not have to operate in silos. 

Automation of Core Processes

ERP solutions can automate many business processes, from order entry to invoicing to accounting to payroll. This is one of the biggest reasons why you should use reputable providers like Technology One consulting services from Lanluas. 

Automating most of your core processes can free up precious man-hours that can be redirected to other value-adding tasks. It can also help eliminate errors from repetitive tasks. These improvements will lead to significant gains for your company. 

Management of Supply Chains

Most ERP solutions offer supply chain management modules that can track the product from pre-production all the way to the consumer. It even goes one step further and manages the refund or replacement of product returns. It provides a wide range of functionalities, including but not limited to procurement, management of inventory and orders, manufacturing, and warehousing.   

Customer Relationship Management Tool

Customer satisfaction drives virtually all businesses, and it is one of the main focal points of ERP solutions. By using theTechnology One consulting services from Lanluas and other reputable providers, you can easily manage a significant customer base that is too big for spreadsheets. It will also allow you to centralize the information of all your customers for quick access, which is helpful when processing shipments.

Aside from managing contact information, ERP systems can be used to automate some marketing tasks, such as managing leads and guiding customers through the sales process. 

Management of Human Resources

ERP systems also come with HR business processes. This includes reporting and data entry functions. In companies with hundreds or even thousands of employees, manually inputting their contact numbers, demographics, designation, working hours, and other key information can be time-consuming. What is more, it is vulnerable to errors and its cost implications. 

Aside from the convenience and accuracy in managing employee information, ERP systems make this information accessible in a single database. If you want to generate a report before making a business decision, you can easily pull the information that you need.

Sales and Marketing Capabilities

ERP solutions also come with a sales and marketing module that can help you contact customers, track orders, generate sales invoices, receive payments, and process returns. It can also be used to implement targets for your marketing staff, track lost orders, and create reports on various marketing activities. Using the information from these reports, you can analyze the trends and predict the sales from month to month.    

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