Enterprise resource planning (ERP) software solution is a business process management system which enables organizations to collect, save, handle, and interpret data.
Using this, you can automate various back-office processes such as finances, product planning, payroll management, and material management. A cloud-based ERP software solution can streamline operations, increase the efficiency of processes, and enhance your overall profitability.
Modules Covered by Your ERP Software Solution
Although ERP solutions can be integrated and customized to perform specific processes, here are some key business tasks automated by ERP systems:
1. Production Planning
Commonly referred to as manufacturing, it helps in streamlining manufacture activities such as material sourcing, product planning, and production monitoring. Other key tasks of this module are to handle production processes carried out on a daily basis like stock control management and delivery schedule evaluation. Product planning is also closely interlinked with inventory management and supply chain management.
2. Payroll Management
As the name suggests, this module focuses on automating HR-related processes such as management of employees’ records, time-sheet, and hiring process. Payroll module takes care of complete payroll system including performance reviews, salaries, expenses, taxes, reimbursements, and other activities related to Human Resource Management.
3. Material Management
Material management is the inventory management module, which lets you accomplish your inventory goals. By integrating inventory control and warehouse management unit into this module, it is possible to control your supply chain, transport services, and delivery. From the time a product leaves your warehouse till it reaches the consumer, this module tracks and locates the item.
4. Financial Accounting
This module of an ERP collects financial data from various departments and analyses it to build valuable reports. It handles other standard finance and accounting activities such as capital outflow and inflow, expenditures, balance sheet, general ledger, payments, tax management, and bank reconciliation.
Benefits of Cloud-Based ERP Solution:
1. Improved Performance
The equation behind an improved performance through ERP software solution is simple. The resources and manual work required to manage the business processes singly are more. Many organizations may not be able to achieve their best because of human errors and a lack of infrastructure. A cloud-based system has an advanced and reliable infrastructure, which is designed to offer enhanced functioning to users. You can additionally carry out various tasks in one software solution and access information from anywhere.
With increased accuracy and real-time performance, ERP software solutions decrease operational costs. It allows businesses to proactively avoid delays and disruptions, manage processes, reduce system bottlenecks, and helps you make quicker and insightful decisions. If you have the right solution to support your business, then that aids as a cost-cutting tool and improves ROI.
3. Real-Time Analytics
Having a cloud-based ERP also means you can have enhanced reports and analytics anytime. It is even possible to have a unified analytics system for the whole enterprise, which can be utilized to make informed business decisions. These real-time reports will help you leave behind spreadsheets and reduce the errors caused by manual work. With just a few clicks, you can gain access to financial reports, cash flow statements, and generate custom reports on desired domains.
4. Enhanced Security
Sharing data among departments such as marketing, customer service, sales, and business development increases the efficiency of functioning of business processes. And being able to make data available and still control access is the heart and soul of data security. With manual processes, this is hard to achieve. An ERP system enhances the overall security structure.
5. High Scalability Options
For constant business growth, it is necessary to look for future prospects. However, often businesses encounter a situation of not being able to scale which poses a serious roadblock in your success journey. Having an ERP system in place can remove these glitches and help you scale whenever you want. Whether you are increasing the number of users, entering new fields, rolling out new products, streamlining your processes, or adding a new department, scaling is easy with ERP solutions.
Increase Your Productivity!
When back-office tasks are handled by ERP software solution, your employees have extra time for focusing on business-building projects. Automating redundant task, making process data easily available, ensuring the accuracy of data, and enhancing analytics further contributes to ease-of-work. All these factors combined lead to an increased productivity.
Zenscale is an ERP software solution that enables businesses to manage processes efficiently from day one! You can handle payroll, material management, financial accounting, and production planning through a single software.