Common ERP Business Functions

Make a business case for ERP if you're a department manager. Although it can be a huge challenge, getting your corporate leadership to support an implementation is essential. You cannot receive the resources you require to launch the initiative without executive buy-in.

It is beneficial to be as detailed as you can be while creating a business case. To put it another way, you should list all pertinent ERP business operations and emphasise the advantages they will bring to your company.

You will be one step closer to getting executive buy-in if you can explain how ERP software can help automate, simplify, and streamline procedures across functional areas.

Seven ERP Business Activities With Measurable Gains

Accounting, and Finance

Although ERP software offers a variety of advantages, none are more desired than those that allow for simpler and more open financial procedures. You have more control over almost all facets of your financial operations when you deploy ERP. System modules not only aid in the organisation of large amounts of financial data, but they also automate numerous formerly manual operations. This significantly lowers the possibility of human error and false reporting. Members of the team can work more effectively as a result. An ERP system can actually help your organization's entire financial activities. You can operate directly within a contemporary, integrated interface and are no longer restricted to legacy systems or paper files.

CRM

Recent studies show that businesses who concentrate on enhancing the customer experience experience revenue increases of up to 80%. Additionally, 73% of consumers agree that the customer experience influences their decision to make a purchase, and up to two-thirds of businesses compete solely on this basis. The lesson? The need to give your customer-facing activities top priority has never been greater. Optimising your approach to eCommerce is one way to do this. It's important to understand how people arrived at your website, what they browse, how long they spend on each item, and what they eventually buy. These insights can be obtained through an ERP system. With ERP, you can design specialised campaigns that cater to customer preferences and promote recurrent purchasing.

Logistic Management

Does your business regularly work with people who handle materials, inventory, assembly, and queue work? If so, you are aware of how difficult it can be to keep track of so many moving elements. Real-time visibility into every component of your supply chain is necessary, but obtaining it shouldn't require relying on a number of unrelated systems. All the information you require is conveniently located and available when using an ERP platform, MRP system, or supply chain management system. You can do this to streamline your manufacturing operations both domestically and abroad. Additionally, you can keep an eye on every aspect of your production activity, which makes it simple to see and evaluate your current inventory levels, purchase information, accounts payable activities, and more.

Inventory and Warehouse

The task of increasing warehouse productivity can be challenging. Multiple steps and team cooperation are required for this process. Picking, packing, and shipping need to be done in addition to receiving and storing merchandise. It might be difficult to organise these procedures in a consistent and efficient manner without the right controls.

Sales

How does your team currently handle receiving new orders? How do employees follow it from there to ensure it reaches its intended location? There is probably a complex system in place that calls for data transfers between numerous teams, departments, and touchpoints. It's possible for important information to be misplaced or distorted at any stage of that procedure. You may more effectively handle every aspect of your order management process with an ERP solution, including: a. Quotation b. Order c. Delivery Any company that sells products needs an ERP software to assist team members with managing inventory, shipping, and other order fulfilment duties.

HRMS

A recent study found that 88% of HR leaders believe their department is a strategic partner in the company. Most rely on a variety of everyday administrative chores, the majority of which are incredibly time- and resource-intensive, to contribute to the success of their organisation. In fact, the same study found that HR managers work on manual duties for at least four full weeks each year. Particularly, 23% of HR executives claim to manually navigate new national, state, and local laws. 20% of inputs are entered manually, including pay stub checks, personnel data updates, and direct deposit submissions. Last but not least, 19% manually process data on employee performance.

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Conclusion

Understanding how each of the numerous ERP features functions will be essential to developing your business case.

We can assist you comprehend how each ERP business function could match with your organisational goals because our ERP consulting team is knowledgeable about the numerous ERP business functions. Please fill out the form below to schedule a free consultation with one of our ERP consultants if you're ready to transform your IT project into a strategic business venture.

The ERP consultants at ICONIC BIZZ can assist you in creating a compelling business case that will enable you to secure the executive backing required for a successful ERP decision and implementation.

For more details please contact Iconic Bizz, we can help you with the ERP implementations.