How Many ERP Solutions Should You Have?

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According to Aberdeen Research, the average manufacturing company has 1.9 separate and distinct enterprise resource planning (ERP) systems. This proves we can no longer assume companies use one comprehensive ERP solution. But what does this mean for you?

Every business has a different set of needs and goals for their ERP system.  Each ERP system should fit the specific operations and unique situations for the business that uses it.  Businesses with very diverse operations, those with footprints in many locations, or for other reasons may use two ERP systems to capture and manage their critical business data.  The two systems might have special capabilities that operate better to manage those distinct needs.  If you haven’t implemented an ERP system yet, then plan to start by implementing one system.

There are several powerful ERP systems available and Microsoft Dynamics® GP is one of the most comprehensive and affordable options for many businesses.  This ERP solution offers many features that are flexible to meet your needs today and scalable to meet your needs in the future.  Right out-of-the-box, you can manage finances, manufacturing, supply chain, project management, service management, and human resources and payroll.  Organizing all of your key business data into a single software application will increase visibility into your distinct business functions and the impact they have on your bottom line.  You can learn how to streamline business-wide operations to improve productivity and profitability.

Aberdeen’s research also revealed that businesses that utilize ERP programs have superior performance in inventory accuracy and maintaining optimal levels of inventory.  Microsoft Dynamics GP adds automation to procurement and inventory processes that will save time and reduce the chance for human error.  In addition, Microsoft Dynamics GP offers greater insight and control over inventory management so that you maintain the right amounts of stock without investing too much cash in access inventory.  Businesses using ERP systems also have better on-time and complete shipments which leads to greater customer satisfaction.

One of the greatest benefits for any ERP system is the ability to manage financials.  Aberdeen reported that ERP users can close month-end reporting faster.  Having access to real-time financial data will provide the ability to recognize and react to opportunities faster and head off problems before they become crises.  With Microsoft Dynamics GP, you can easily find and share the data that will help you make the right decisions for your business.

Whether your business requires one or two distinct ERP systems, just using ERP will get you leagues ahead of competitors and help you secure your corner of the marketplace.  Contact Socius for more information about the ERP programs that are available and suitable for your business.

By Socius, Ohio Microsoft Dynamics Cloud ERP Partner

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