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  • Writer's pictureDebbie Breuls

What Is ERP Software and Why Does My Company Need It?

ERP Software keeps your business moving!


Simply put, Enterprise Resource Planning (ERP) software handles a company’s day-to-day business operations. ERP solutions come in all shapes and sizes and are available as cloud-based or on-premise systems. Microsoft Dynamics GP and Microsoft Dynamics 365 Business Central are two examples of some of the most popular ERP platforms.  

 

ERP software provides accurate, up-to-the-minute information from one location, providing a centralized database so all departments and locations can have immediate access.

 

Systems and processes managed by ERP software includes:

  • Inventory and Operations

  • Reporting and Dashboards

  • Accounting

  • Workflow Automation

 

ERP Software Helps with Growing Pains

Feeling growing pains inside your company? Sharing information between departments or geographic locations becomes challenging as companies grow. Consolidated reporting becomes complicated, and a lack of consistency slows operations between departments. 

 

ERP software was created to help you streamline processes, improve business insights, and bring together the various functions within your organization. 

 

Here are essential ERP functions that can help run your business. 

  • Inventory and Operations: Tracks and manages orders, stock levels, and vendors. 

  • Workflow Automation: Automates routine tasks, centralizes document management, escalates activities based on other events, and creates notifications. 

  • Accounting: Manages invoicing, general ledger, accounts receivable, revenue recognition, accounts payable, and fixed assets; consolidates multi-entities and multi-currencies. 

  • Reporting and Dashboards: Enables the creation of user-specific dashboards and reports to access real-time insights about business performance from anywhere. 

 

What Are the Benefits of ERP Software?

The most profound benefit of ERP software is that it allows your business units to operate more cohesively and drives your productivity.  It empowers your employees to address any concerns and make proactive improvements heading off any potential issues. 

 

ERP software can empower your company by: 

  • Enhancing the customer service experience

  • Controlling inventory costs 

  • Staying compliant with regulatory and financial requirements 

  • Decreasing time required to fulfill orders 

  • Reducing the number of errors created when manually entering data into different systems 

  • Making better decisions using real-time financial data and operational insights 

 

How are ERP Programs Sold?

ERP programs are available as suite solutions. A software suite is a collection of applications and computer programs that have similar user interfaces and integrate with each other. They are also often owned by the same brand. 

 

ERP software also links to your company’s other systems, like Customer Relationship Management (CRM) software, eCommerce tools, point of sale applications, and tax filing modules. This allows you to custom-build a total solution. 

 

Is ERP Software a Good Fit for My Business?

The real question is will it improve productivity and profitability? And do you want a unified way to manage and evaluate your administration and operations?  If the answers are “yes” to both of those questions.... it’s time to buy some ERP software!

 

So, I Buy the Software...Then What?

If you’re considering an ERP solution, you’ll need more than just a software license.  You’ll want to find a reliable partner to guide you in both implementing and using the software. These professionals are knowledgeable on onboarding processes, training, and much more curtailing down time while educating your staff.

 

Where Should I Start Searching for an ERP Solution Partner?

Debbie Breuls & Associates has implemented ERP solutions for organizations of all sizes and in many industries for several years. So, if you’re looking for a partner to assess your company and help you discover which ERP software will help you overcome growing pains and other business challenges, we’re here to help

 

 

With over 41 years of experience, Debbie Breuls & Associates works with you to define critical requirements and develop the right Microsoft solutions. Imagine the possibilities that Microsoft offers with their product stack that gives you a strong, and seamlessly integrated solution. These powerful products resolve redundancy issues, poor reporting, and silos of information. Reach out to Debbie at Debbie Breuls & Associates to collaborate with our highly qualified and experienced consultants.

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