With the increasingly fierce competition, it is imperative that businesses keep up with the ever-changing technological trends. Automation of the various processes in your company is key to its advancement in the current times. This is where the role of a good ERP comes in.

WHAT IS AN ERP?

Enterprise Resource Planning (ERP) is a software that is capable of managing and integrating the day-to-day activities of your business. It streamlines and automates the various processes and facilitating effective operation across functions like procurement, inventory management, asset management, sales management etc. In short, it will help you to have a 360 degree view of your business. In current times, it has become a much-needed solution to ensure better productivity and business growth.

Here are the top eight reasons why Cloud ERP is important for your business:

1. Streamlining of processes:

ERP guarantees greater efficiency by bringing the multiple processes required to run a business under a single umbrella. The information is no longer scattered across multiple platforms and becomes easily accessible in one platform.

2. Reduction of operating costs:

The automation of various time-taking and tedious tasks become possible with ERP. This reduces the chances of manual errors, redundancy etc and ensures the smooth running of the once painstaking tasks. For example, consider the task of tracking inventory. Here, the integration with Procurement function automates the inventory management and eliminating all the manual task of managing the inventory. It helps the business cut down the cost of labour but while ensuring greater accuracy.

3. Increased productivity:

Integration among various functions results in better productivity. An ERP facilitates better communication and ensures collaboration among various functions. All the data and information from various departments will be on the same platform, allowing better collaboration amidst the employees, promoting teamwork.

4. Data security and confidentiality:

Cloud ERP?s provide top-notch security features to ensure there are no data breaches. Role-based access ensures that only the authorised few will be able to see sensitive information. It is also easy for the department heads to give access to various employees depending on their role in the organization.

5. Reports and analysis:

ERP provides detailed reports that enable the users to make calculated forecasts. Complete and consistent real-time reports generated by ERP using their advanced filters eliminates inconsistencies in data. It allows the stakeholders to make more informed decisions.

6. Flexibility:

The robust, easily configurable nature is perhaps the most attractive of an ERP. It can be easily tailored to suit the unique needs of your company. It is not a one-size-fit for all solution, but rather it is capable of evolving to accommodate the needs of your business as it grows. In todays world customizable ERP is very critical to fit into your busines needs.

7. Customer satisfaction:

ERP?s help the company maintain up-to-date information about the clients which can be easily accessed and updated. This allows the team to get a better picture of your clients needs and help them accordingly. Running your business on outdated tools will only hinder your growth.

8. 24/7 Access:

Cloud ERP can be accessed from anywhere, anytime and on any device. This ensure the business never stops. In todays uncertain environment, it is critical to ensure that you are seamlessly connected to cloud and all your data can be accessed without being dependent on the physical locations. Cloud ERP Software comes very handy in tougher times.

Using advanced tools such as ERP will guarantee to ensure greater productivity and profitability for the business. But it is also important to choose the right ERP to suit your needs as well. With the flexibility of auto-scaling as your business grows and affordable prices, TYASuite Plug and Play cloud ERP is one of the most reasonable solutions now available in the market. The multi-industry software can easily fit into your business process and can be implemented to go live in your enterprise within just a few days.

Curious to know more about TYA Suite Plug and Play cloud ERP software? Click here