Why Your Business Must Have An ERP Software in 2021
Posted on / by envertis / in ERP

Why Your Business Must Have An Enterprise Resource Planning (ERP) Software in 2021

With the growing business needs and advancements of technologies, it has become imperative to get an ERP implemented in your business system. Here are some more good reasons why your business must use the software in 2021. 

 

Enterprise Resource Planning or ERP software is what every business needs today. Although the ERP adoption rate is increasing incredibly every day, still there are many businesses that do not have a clear idea about it. The customer demands are growing, business processes are increasing and technologies are getting advanced day-by-day. And to let your business cope up with these, ERP has come into the limelight. ERP integration results in increased productivity and higher ROI for businesses. 

 

Every business has a different and unique set of operations that needs to be performed and met. And there are some functions that these businesses need to deal with every day like finances, human resource management, customer relationships, manufacturing, sales, supply chain, marketing, and a few more. An ERP is an all-in-one integrated software that comes with thousands of modules and applications to automate and manage these functions or processes efficiently, thereby streamlining the business workflow. In other words, it’s nothing but a software tool that integrates and manages different business operations. And the best thing about this tool is that it can be customised, implemented, and used by different industries like manufacturing, construction, eCommerce, retail, healthcare, and many more.  

 

 

 

 

Every business must go for ERP implementation today for efficient management of business processes and cope up with the huge consumer demands. It should not be on the wishlist of a business but must be on its to-do list. There exist so many different processes in an organisation apart from the core operations. And if your business drops, your communications get poor and piled up in the mails, and if you are still dealing with papers and manual entries, then it’s time for ERP implementation

 

ERP adoption rate:

 

– Nearly 53 percent of businesses have got ERP implemented and have experienced remarkable results. 

– Mid-size organisations’ ERP adoption rate has grown with a CAGR of 8.3 percent from the last year. 

 

                 The 5 best ERPs that are ruling the market now are:

 

1) Odoo :  With more than 5 million global users

 

Odoo

 

2) SAP

 

SAP

 

3) Oracle 

 

Oracle

 

4) Microsoft Dynamics

 

micosoft dynamics

 

5) Infor

 

Infor

 

 

ERP integration has helped millions of businesses till now and here is the feedback from a few ERP users. 

 

– “We replaced 14 different applications and increased revenues by 10% overnight.” – Marc Peeters, General Manager of the Vending Division

– “While maintaining the same amount of employees, we increased our revenue 20%!”- Victor Nalin CEO

 

Want to get a detailed idea of why your business must have an ERP today? Here’s the answer to your question. 

 

                                      Business benefits of ERP in 2021 

Not only the large-scale businesses but startups and small-scale businesses too need an ERP today to grow rapidly. And there are many companies that have already experienced a pool of benefits with ERP implementation. 

Why Your Business Must Have An ERP Software in 2021

ERP lets you manage your entire business under a single integrated system:

 

This is the first benefit of using an ERP. Businesses can effectively manage all core processes using a single tool or software. Operations like customer relationships, human resources, finances, manufacturing, sales, etc., can all be managed under a single integrated system. In simple words, ERP for small business and large-scale businesses acts as the complete suite of business management tools. 

 

Helps with cost reduction:

 

Funding in an ERP system is a long-term investment. Moreover, with a single ERP system, you won’t have to invest in different software for managing different business operations. For businesses that do not want to invest a huge amount in the software can go for the open-source ERP solutions available like Odoo. Overall, the business owner has to invest much less capital with an ERP. 

 

Improves and increases productivity:

 

Processes like generating reports, timesheet tracking, processing orders, etc., can take hours for employees to complete the tasks manually. In addition to taking up so much more time, manual processes make the tasks more prone to errors. However, ERP implementation automates all business processes making them more efficient and fast, thereby saving more time, and leading to increased productivity in less time. Moreover, with the tasks being performed and managed automatically, there won’t be any chances of errors. Huge and difficult financial calculations can be done perfectly in just minutes now and manufacturing a huge number of products can be done in minutes with an ERP, and more. 

 

Reinforces customer relationship management:

 

No company can keep on selling products and services until and unless it is able to maintain the old and existing customer base and aims to add more such loyal customers. ERP software like Odoo comes with a CRM module that helps businesses efficiently manage customer relationships. With all data stored in one place, it becomes easy for the employees of all departments to access the data easily and get back to the customers in real-time to answer their queries, resulting in quick and more effective customer relationship management. 

 

Improved collaboration and communication between different departments:

 

ERP connects employees of different departments. In traditional businesses, communication often gets piled up in mails or is simply overlooked. For every business, collaboration is very important for all employees. And ERP systems facilitate the same through group chats, centralised data storage, a single database, accessible data, file sharing, etc. 

 

For example, once your sales team confirms an order, the message will automatically generate in the finance, purchase, inventory, and the other departments. In other words, with all data stored in one place, it becomes accessible to all, which in turn, increases collaboration and communication between them. 

 

Consistent & smooth functioning:

 

ERP solution ensures efficient and smooth business management with all processes automated. Also, ERP systems store all data in a central location, making it accessible to employees of all departments. This also helps the employees in quick decision-making. A common and unified system enables the employees to receive data and have a holistic view of all operations spread across different locations, thereby helping them in taking quick decisions and responding to the customers instantly. 

 

Regulatory compliance & security:

 

Integrated ERP software solution ensures that all back-office processes are in sync with the industry’s regulatory rules. Most of the ERP service providers check and monitor compliance & regulatory changes and also keep updating the features to help businesses meet their current business requirements. 

 

ERP software solutions not only streamline all internal business processes and simplify data processing, but also improve the security of the business with features like in-built firewall systems, and regulated data access. The integration of different processes and data storage into a single unified system make it simpler for the system administrators to monitor and control the software’s security. 

 

Mobility and flexibility:

 

With an ERP system, data from different areas of the business are brought and streamlined into a single unified platform. With the increasing popularity of business trends like BYOD, the need to have flexible software also became a significant factor while choosing the software. ERP systems can process several business operations by using a centralised database to provide exact information to the customers using different devices and living in different places in the world. Real-time access to the data also saves both effort and time, ensuring delivery of the best results within the deadlines. 

 

Also, with the growth of your business, the processes and functions also change and expand. The flexibility of the ERP system helps the ERP professionals to keep adding the modules or applications of the ERP according to the changes and with the business expansion. 

 

Improved accounting and financial report management: 

 

Keeping a track of all your finances and accounts is a crucial factor and determines the success of your business. But with the growth of your business, the complexities also increase in the financial transactions. And these complexities may seem overwhelming without a modern, power-packed, and efficient software system. 

 

Manual data entry reduces the productivity of a business significantly. But an integrated software like ERP automates all these manual tasks, thereby making things faster and more efficient. ERP integration also negates the need for any kind of repetitive data entry tasks. 

 

Faster response time:

 

With efficiently managed tasks and all data stored in a unified platform or a single database, employees can connect with each other and with the customers in real-time. In simple words, ERP ensures a much faster response time. 

 

The Enterprise Resource Planning software is expanding its roots every single day. And with this, it is becoming even more essential and beneficial for businesses of all sizes and verticals. Getting success with automated and efficient processes is possible only with the right ERP integration now. 

 

With your business growing, it becomes important to make the most out of the available technologies. This helps your business to stay ahead in the competition. And out of so many available, Odoo stands out to be the best ERP for small businesses and large-scale businesses of all sectors and for the ones who are looking out for the most advanced solution that is consistently getting improved with its new versions every year. And, Envertis Software solutions, a reliable Odoo ERP implementation partner in Australia, is always ready to provide the most effective software solution to all types and sizes of businesses, regardless of the business requirements and processes. 

 

ERP Solution
Posted on / by envertis / in ERP / 2

SMALL BUSINESSES NEEDS AN ERP: SIGNS & SOLUTION

Nowadays an ERP solution is a top priority for small businesses which, is about to gain more acceptance in the nearer future. This solution has the potential of increasing productivity and it can simplify the business process automatically. 

Here below given some glimpse of signs and symptoms which indicate your small business need an ERP system.

It has been seen for a long time, at the end of the month, it’s taking more time to reconcile different process of your business. And there are also many problems such as having trouble keeping up with its order volume and customer satisfaction and no idea how much inventory you have in your warehouse. Well, to get rid of these you may need to consider an ERP system for your business growth.

We are encircled by technological advancement and our businesses also get various technological support to maintain the same speed of advancement to retain the top quality of service. This practices impact the business landscape and offer better productivity.

Why you should need to get in touch with an Odoo ERP consultant:

A recent study is showing that organisations of all types and sizes face challenges like rising costs, resource constraints and the loss of subject matter experts as they leave the workforce. Organisations are likely facing similar challenges prompting them to replace or upgrade their existing technology. As the application landscape continuously grows and consolidates, organisations are highly interested in more integrated and robust technology solutions.

ERP Solution

A majority of organisations gets instant success by implementing or adopting the ERP solution. The adaptation of new technology can impact the main processes, causes disruptions in the workflows, complicate things and even burden the employees but there are many benefits, which can boost your small business process by saving the crucial time to gain more profit.

Organisations with broken systems typically suffer from broken business processes and vice versa.

What is ERP or Enterprise Resource Planning?

It’s a business process management software that allows an organisation to use a system of integrated applications to manage the business and automate many back-office functions related to technology, services and human resources and many more. 

An ERP facilitates the management of resources like materials, manufacturing, orders, and revenue between the stakeholders. And it can be used by any industry including manufacturing, information technology, retail, banking, pharmaceuticals, steel, chemicals, concrete, and agriculture.

ERP Solution

A small business must need ERP to streamline the business process and grow the business more scalable and viable for a long time. Though every business has unique process management, there’s no single indicator which can be blamed alone.

ERP Solution

Here given some signs of your business which can indicate the needs of an ERP solution:

Lots of unmanageable data:

For a business, handling a huge amount of data and maintaining the pace of the workflow always a complicated and time-consuming matter. And often data becomes quite confusing and tedious when you are trying to transfer this data to different departments. If you are experiencing the same, then it’s high time to implement ERP for your business.

An ERP, specially Odoo ERP helps you to reduce your struggle and confusion because all such data can be automatically shared.

A common mistake is to design and configure the system for only the first site and worry about the others later.

Lack of collaboration among different departments: 

Your business can grow and fetch better ROI (Return On Investments) when sales and marketing have greater collaboration and they will work together flawlessly and smoothly. But in many cases, the data of both departments are restricted to itself causes difficulties for the team to reap the benefits of available resources.

So what is the way out? Yes, an ERP solution can be a saviour. With the help of this software, anybody can single-handedly fetch and manage all data from all department every time the team needs it. Thus the process is called user-friendly and innovative.

Insufficient Insights:

To facilitate the planning of effective growth strategies, your business needs useful insights. If your business has a limited amount of data, this is much more difficult to run the entire process. Mining effective insights from limited numbers of data can’t help you to make any decision or conclusion. 

An ERP solution can help you to get better insights. The solution can fetch all data on one platform. And thereby it can help in making the data easily accessible. This implementation allows the user to see the merits and demerits and visualise them while moving ahead in the process.

Time-consuming and difficult accounting process:

If your business accounting process still depends on paper-based invoices and sales orders and your employees spend hours every week manually entering them into different accounting and sales systems then you should need an ERP solution to stop the time killing process immediately. 

ERP software can handle in an instant. And it can also be implemented for financial reporting. ERP accumulate all data in a single database so accounting staff won’t have to spend hours cross-posting information, rekeying numbers, or reconciling data manually. 

Unmanageable sales and poor customer experience:

Inventory management is often considered the most challenging part of the business process. If your sales, inventory and customer data are maintained separately it can create problems across your business. 

ERP system can help all the staff or employee, to access the same, up-to-the-minute information. This software also helps in customer-facing practices, where the staff should be able to answer customer questions about order and shipping status, payment status, service issues, etc flawlessly and more correctly. It will boost your services as it will plan your data well and also make it accessible.

Expensive IT practices:

You may find that you have to manage different IT teams for different departments which leads to unnecessary expenses and unexpected drawbacks. Not only that, you might face technical failures despite paying much to the IT staff. 

Forget about different IT teams. You should need to Implement ERP solution like Odoo ERP to make things interoperable and be carefree cause ERP solutions won’t even require expensive maintenance!

Restricted Team: 

If your business is suffering due to decentralise format or you can’t manage all of your branches due to distances or various location issues then you should need to implement ERP solution to centralise your business as soon as possible.

ERP solution helps you to get the liberty to work from anywhere for better productivity. If your ERP solution has cloud integration than it allows every team member to enjoy the benefits of ERP anywhere, be it a hotel room, car or a plane.

Now as you aware of the signs and already understand the benefit of ERP implementation, you may read about Odoo ERP here and if you want to know more about the latest versions of Odoo ERP then you can read here

Wrapping up:

ERP implementation requires steady leadership, significant resource investment, the right system integrator as well as a detailed project plan and communication strategy. Rather than adding more staff or software and complexity, ERP technology can give you the agile technology and it should be game-changing productivity enhancement tool for your small business.

You should take ERP seriously as it helps you to remodify your business process to get better ROI and help your staff to get the optimum benefits of ERP in managing your different business modules to meet with some specific goals.  

We, at Envertis, house a professional team of best Odoo ERP consultants in Australia and known for providing the best industry-specific ERP solutions. Be it consultation, planning, development, deployment, maintenance, and support – our ERP functional experts are here to help you out. For any queries, you can reach the experts either by calling them directly or by visiting our official website.

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ERP
Posted on / by envertis / in ERP / 2

Why Replace Your Legacy Enterprise System With ERP Solution

Legacy software systems are just like a pair of old shoes! Comfortable yet worn out and so needs to be replaced before your feet get hurt.

 

That’s what legacy software systems will do to your business. They will slow down your operations. As your business grows and attempts to achieve new frontiers, enfolds new processes or wants to catch up with the competitors, they may stop backing you with the support or functions you need.  

 

While most big enterprises have stepped ahead with the modern-day ERP solutions built with standalone software like Odoo, Microsoft Dynamics, Oracle due to this, the thought might be fearful to the small and mid-size businesses. Replacing their old enterprise systems seems not only costlier but also a complicated, time-consuming approach for which so they like to stick to their existing legacy systems. However, even though there’s a huge cost associated with getting a new ERP system, you need to read this to know why replacing your old legacy software with ERP is the right thing to do now before you really fall behind your peers.

 

Just ask yourself, is your legacy software system posing a barrier to the efficient functioning of your business processes or preventing your business from embracing new opportunities? Then it’s time to replace your system with the right ERP solution.

 

When your legacy software is making your business slow, it’s essential to weigh the available options carefully and get the right ERP implemented into your system. A reliable ERP system ensures to unify the business management and the data flow, giving access to the data to all the business areas.

 

Also, there are several more reasons your organisation must make a move to the ERP system now replacing your legacy system. Actually, ERP systems are the modern solutions that your business needs to take advantage of to cope up with the huge market demands and the advancements in technologies to enjoy a streamlined workflow.

 

Business-critical data were previously managed and stored in a system that was outdated and functions slower. This is one of the key reasons why moving to ERP systems has become essential these days. However, if your business is still using legacy software, here are the issues you might face:

 

  • – Slow and lagging business processes and lack of automation may lead to a reduction in productivity.
  • – Risk and cost of maintaining the legacy software running on obsolete technology.
  • – Legacy software systems are not compatible with advanced technologies like IoT and AI.

 

Whereas, ERP or Enterprise Resource Planning systems ensure to help organisations in managing massive amounts of data, help in making real-time decisions, stores data centrally, ensures efficient management of processes, automates the business operations leading to increased productivity, and do much more. Moreover, investing in single software can help you manage your entire business system, which means ERP is much more cost-effective. Also, ERP gets upgraded every year and comes with fresh applications and features, letting businesses enjoy a better and better workflow.

 

The flowing trend over the years also shows that legacy enterprise software are fading with ERP taking the lead.

 

GoogleTrends

Image Source: Google Trends

 

5 Reasons why you need to replace your old Legacy Enterprise System with ERP Solution

 

Outdated Technology

As technology is getting better every day, you are literally stuck with an obsolete, inefficient and restricted IT infrastructure which is hampering your bottom line. You need to have 24×7 technical support to maintain your legacy systems and pay attention to their improvements. But getting the vendor support is most of the times difficult because either they have phased out your version or is no longer in business. So, ultimately, you have not enough support to plan strategically for the future with its outdated functionalities.

 

Maintenance Costs

By the time you are done with spending a lot of dollars as well as efforts to upgrade your existing system, there are new updates rolling out. So, you are typically caught in a ‘revision prison’ while surviving on your legacy software systems. Resultantly, your company will suffer from downtime and more importantly unsatisfied customers.

 

Lacking the latest Features

A legacy system operates as a result of the collaboration of many on-premise systems but most of them do not interact with each other and so there’s the need for integration features to make them work together.  While you’ll agree to have faced this hurdle, a robust ERP system comes with flawless and default integrations like MES (Manufacturing execution system), quality management, CRM, sales, accounting and many more.

 

Disparate Information

The conventional systems need more time and inputs to process any information to be needed for decision-making. It may not be generating reports in the way it is needed by the management team and your company might fall sort of any options later to revise the reporting system.

 

Functional Discrepancies

This is quite a generic problem that most organisations encounter with their old enterprise systems as their business grows. Your business model changes and new processes evolve faster than what your existing legacy software can support. Eventually, the existing software slogs downs, become painful to use and might interrupt the ongoing processes by crashing down frequently.

 

Clearly, no more clinging on to the old legacy system. Embrace the all-new ERP as it is embodied with lots of advantages.

 

ERP

 

While a comprehensive platform such as Odoo is helping business enterprises to get the best kind of ERP software for your specific business matters, you got to be careful that you are not in any way replicating the functions of your legacy systems in the new modularised ERP system. Well, partnering with an adept ERP consulting firm will help you avoid all the pitfalls.

 

Helpful Resources:

How ERP Is Fast Turning Enterprises Into Most Efficient Units

Rise And Progress of Cloud ERP in 2018!

 

Key Statistics On ERP Software Implementation Worldwide

 

Global enterprise resource planning (ERP) software revenue from 2011 to 2017 (in million U.S. dollars)

 

Image Source: Statista

 

ERP

ERP

 

Numerous ERP platforms have surfaced in this new age of smaller and focussed cloud-based applications. With Odoo & Salesforce reigning in Australia’s market, more software vendors are now focussing on delivering agile, compact and easy-to-use cloud-based apps catering to the businesses’ needs with inherent customisation.

 

In a nutshell, ERP software is a complete software that is sophistically built as a modular application with modules likes production planning, financial reporting, inventory, sales pipeline, HRM and so forth, each addressing the respective functional areas of an enterprise. So, there’s just one basic system with all integrated information and a unified database. However, every great thing comes with challenges. So, look before leaping and consider all-around aspects to finally get your custom ERP solution developed.

 

ERP Solution

 

Helpful Resources:

Amplify Your Business with Premier Odoo Software Solutions

ERP: Simplifying Businesses Like Never Before

 

If you are ready to replace your conventional software system, get the services of an expert Odoo consultant from Envertis and get a potential ERP system built for your organisation from scratch. Being a Trusted Odoo partner, we advocate the platform for its powerful integrations and premium modules and have a dedicated in-house team of Odoo functional consultants who provide reliable ERP consultation and implementation services to enterprises in different areas.

 

Want an ERP solution to get rid of your old enterprise systems? Get in touch with us.