Are you curious about the business benefits of an ERP system? In this blog post, we will explain what can be expected if a company chooses to invest in the Odoo ERP system as a future work tool.
First of all, an ERP (Enterprise Resource Planning) system helps a company to manage many business functions, so that the company and its employees can maintain a common focus towards growth and success.
The implementation phase and process can take a long time, since the system has to integrate the various business processes and then convert it all into one single centralized system. This means that the company now has one unified system, where data now only needs to be entered in one system and place, instead of entering data in several different programs, which can cause errors.
An ERP system can benefit companies in an incredible number of ways - you will find some of them listed here:
Improved business insight
Since one of the main purposes of an ERP system is to collect all data in one database, analysis and reporting become easy. Everyone can access the data that must be used to solve a task, or to gain insight into projects and tasks.
With a user-defined dashboard, a manager can ensure that the individual users have access to the data that is relevant to them and their work. With a custom dashboard, access to the most sensitive files and functions can be assigned to a small group of employees and/or managers, so that all employees do not have access to this.
At the same time, the system provides access to a lot of reports and statistics, which can contain everything from income and expenditure statements, as well as customized KPI's (Key Performance Indicators), so that an overview of the work that has been carried out can easily be created, as well as the tasks that are still pending.
Lower administrative and operational costs
As mentioned, users of an ERP system have easy access to data across the system and departments, allowing employees to utilize their work time more efficiently since they don't have to search through multiple programs or databases for data and materials nedded for tasks.
Hiring a new employee always incurs costs at the beginning, including time and resources spent on training for the various systems used in the company. However, both time and ressources will be significantly reduced if the company works with an ERP system, as there is only one system that the new employee needs to master.
At the same time, time and costs are also saved by the company only having to communicate with a single service provider regarding the implemented system.
Infrastructure
Since an ERP system has modules designed to automate most of a company's business processes, almost all departments of the company are brought together under one centralized system, which will give the company a more uniform infrastructure, where departments can more easily work together across tasks.
Reduced risk
Med et ERP system bliver den overordnede
Reduced risk og errors
One of the best things about an ERP system is that all employees can access the data they need to access. This means that all users of the system will have managed access to the centralized system, eliminating the need for the company to use multiple different systems across departments. This results in the information that an employee wants to access being easily found without having to search multiple places for additional or other important information.
In the case of many different systems, data is often entered in multiple places, multiple times, which gives rise to human errors. However, this can be easily avoided with the implementation of an ERP system, as data entered here only needs to be entered once for the given project or task. This creates more accuracy, security, error-free operation, and a more complete collection of data, so that tasks can be monitored and solved.
Improved efficiency
With an ERP system, most monotonous tasks typically performed by employees can be automated. Once again, this will lead to fewer errors, while also eliminating redundant tasks, such as entering the same line of data into different systems. The ERP system will also be able to perform complex calculations within minutes. This automation of tasks can result in an increase in ROI when it comes to labor.
Easily comply with regulations
As a company, there are many rules and regulations that are imposed. These regulations are imposed by various local and international authorities as a company develops. However, with an ERP system, these rules and regulations can be easily complied with, as access can be given to auditing tools that can help companies with chemical use and/or tax regulations - the system can even be automated to formulate reports on these topics, which are then sent to the relevant public authorities.