The homogenization of your information system among the many benefits you get from implementing an ERP system, one of the most important is the integrated and unified management of your processes. Indeed, imagine that your company has several sectors but does not present adequate internal integration development. This leads to complexity in the execution of the operations. As a result, work is delayed, and the quality of finished products is compromised. Investing in an ERP is the ideal solution.

ERP software makes it possible to standardize and integrate the different sectors of your company. Doing this improves communication and simplifies management. Thus, you have complete control over the progress of your activities in real-time. These tools, like the SetInUp ERP software, offer the integration of tasks and facilitate management.

This would mean that it is possible to keep all operations together, which will help your business grow further. It must be said that implementing this type of system makes it easier to detect errors at any stage of the procedure. Thus, strategic actions to correct them will be quickly implemented. Improving your productivity generally, entrepreneurs have several tools to help them in their various tasks. These are specialized in different areas of their organization. Thus, you will find software that intervenes to:

• Inventories;
• Accountability;
• Marketing, etc.

This state of affairs means that employees are forced to consult several systems to make certain decisions or to carry out certain activities, which is not without consequence. Tasks become more complex, but they also take longer, without forgetting that the risk of errors is higher. In this context, ERPs represent a revolution because they enable the integration of all the necessary information. Furthermore, it should also be noted that it is possible to automate processes. This possibility offered by ERP software saves you from entering the same data several times. Indeed, as mentioned above, these types of systems can centralize all areas.

Improving communication investing in ERP software also allows you to break down the barriers of communication between employees of the establishment. It will enable them to integrate more quickly and also improve their performance. This will make it easier for them to achieve their goals. It must be said that this single source of data allows all your employees to share up-to-date information.

Therefore, they are not delayed in their work by misinformation. In addition to enabling better communication within the company, an ERP’s central database can also improve analysis and reporting. Employees can therefore prepare customized reports in minutes. These can contain reliable data and revenue and expense statements with personalized key performance indicators.

Improving the accounting and tax management of your company investing in ERP software can also allow you to optimize your company’s accounting and tax management. Given the mass of information that managers have to deal with daily, it is difficult, if not impossible, to accomplish this task without using business management software.

To this end, an ERP can collect and store accounting and tax data with excellent security. The most sophisticated allows you to explore and analyze large amounts of information. The same is true for the control of documents and the tax audit. These particularities reduce companies’ exposure and vulnerability to the state.

Improved customer management ERP is a tool with several functions, including those of CRM. The commercial data and those concerning your customers are part of those it centralizes on its database before processing them and making them accessible. As a result, all your employees can access it. These include, among others:

• Quotation;
• Orders;
• Special requests;
• Requests to the after-sales service

The visibility of all this information, which is regularly updated, allows better monitoring of each customer. This is a considerable advantage because you respond precisely to their requests. But that’s not all. You also manage to anticipate their needs. Under these conditions, the company operates to optimize the quality experience of its customers.

In short, investing in ERP has many advantages for companies. This allows them to ensure better inventory management, technician intervention, and optimized commercial management. But that’s not all. This is a more economical solution, allowing the company to compete for more.

Also Read: How And Why Adopt A Cloud Strategy

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Still, if the most appropriate one for each company is selected and deployed correctly, it will become the backbone to sustain and drive the business. This is so because it will optimize what already exists and allow discovering new opportunities, easily react to all kinds of ups and downs, and achieve operational savings. For these results to materialize, it is essential to first carry out an audit of the business processes administered from this business management solution since their renewal and entry into production will affect the entire company.

Process Optimization And Data Consolidation

An important idea to avoid is that migrating consists of transferring existing processes and operations to the new ERP solution. By doing this, the potential of current ERPs is wasted. Its implementation must be based on a rethinking of them to update and improve them with the help of new advanced ERP tools that far exceed the capabilities of the old ones or the set of isolated programs that have been used.

In this brainstorming towards digital transformation, it is critical that all personnel who will use the ERP participate. This approach makes it possible to carry out and facilitate the management of the change that the deployment of a new program always entails, more so when it is of the size of an ERP.

Before looking for the right provider, it is also necessary to check the data quality that will feed that ERP. Cleaning and consolidating the sources of information are essential to ensure that the data to be processed is of quality. Only in this way will ERP behave as a source of the only business truth.

Find The Best ERP Provider

Once ‘the house is in order, the search for the best ERP solution for the company can begin. There are multiple ERP software vendors on the market, and most promote their solutions as tools capable of effectively solving all business processes. The first tip to avoid being overwhelmed with so much information is to look at those processes that are the ones that most interest the company and see what proposals are the ones that provide differential value for them.

When assessing the functionalities, it is highly recommended to stop at the analytical capabilities of the ERP; since it is no longer enough to know what happened in the past, it is necessary to access tools that allow simulating what will happen in the future.

It is essential to opt for a cloud ERP, whether it is ERP SaaS or not, to benefit from the advantages of the cloud when it comes to quickly access any data simply through a mobile device wherever you are and when you are. Is needed. In addition, it is essential to know the possibilities of connection with other solutions that are part of the company’s IT infrastructure. Your API options are decisive to ensure data exchange with systems such as CRM and BPM, manufacturing software, all kinds of apps, etc.

The Impact Of The Human Factor Employees And Technology Partners

It is useless to invest in new technology if you do not collaborate with users to ensure its successful implementation. The people who will become its users, regardless of their ranks, must participate in the different phases of the deployment of an ERP. As we pointed out previously, your contest is basic for carrying out an audit of the processes that will be managed with it. Still, they must also be present when the demonstrations before selecting the best ERP are carried out.

Your comments, at this time and when the first start-ups are made, are very valuable to personalize it as much as possible. When we refer to customizing, we are not opting for custom development. On the contrary, choosing standard solutions reduces the risk of isolation of that solution and guarantees its updating by evolving with the new technological proposals of the provider. Of course, commercial ERPs can be customized, and it is possible to build verticals from them.

Also Read: Employment And Talent Challenges And Opportunities In Digital Transformation

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ERP Modules Include:

Human Resource Management- ERP can help manage timesheets, job profiles, employee records, performance reviews, and payroll. This module may also include a training function.

Financial Management- This module covers the flow of money and tracks transactions like bank statements, receipts, balance sheets, budgeting, and tax management.

Purchasing- This is where information and data regarding vendor and supplier relations is stored. It’s useful in receiving, recording, and analyzing quotes, while also creating purchase orders and updating related reports.

Sales and Marketing– ERP can help manage quotations, orders, pending orders, invoices, drafting, and taxation.

CRM- This module can help businesses achieve higher customer retention by improving customer relations. This is where companies can get to know their customer through purchase history data, communication history, and details of the customer’s interactions with the business.

Manufacturing – This module helps businesses increase efficiency in the engineering and production departments. It includes functionalities like production planning, scheduling, materials sourcing, production monitoring, and production forecasting.

Inventory- This module uses serial numbers and other product-specific identifiers to keep track of a business’s goods. It can help a company reach inventory goals and plan for replenishments.

Supply Chain Management- This module helps manage the flow of product from the initial stages of production to the final stages of consumer delivery. It can also help manage and track returns.

Benefits Of ERP Solutions Include:

Decreased Risk- Many manual processes can be automated with ERP software, decreasing the possibility of human error and data confusion. Increased visibility and control also allows for industry-specific standards and requirements to be upheld.

Increased Productivity- By streamlining processes and reducing risk, data and insights can be organized and analyzed faster with less resources and more reliability. This also allows employees to work more efficiently as all of the information they need is available in one location. Thus, they only need to be trained on one system, helping to eliminate confusion and error.

Simplified Processes- Through the use of user-friendly interfaces, more people within an organization can access and contribute to workflows, which can then help increase and improve collaboration.

Easier Reporting and Improved Analytics- By centralizing a business’s data, ERP can help to quickly generate reports and compile data that would otherwise require detailed research and time that a company may not want to invest in reporting. Many aspects of ERP can be customized to speed the process up even more.

Faster Insights- Through streamlined processes, employees and business owners no longer need to rely on one department to compile and share necessary reports. Instead, they can access them through the centralized ERP system. This means that informed business decisions can be made faster.

Disadvantages Of ERP Solutions Include:

Cost- Installing and implementing ERP solutions can be expensive. It’s important to speak with a specialist to identify what outcomes you want to achieve and identify how the proposed solutions can help your business in the long run. In addition, it is vital to find a verified professional. For instance, if you are looking for Microsoft solutions you should look at their Gold Partners before hiring a Microsoft consultant to help with the transition.

Time- The benefits of an ERP system may take months or years to show their value. Keeping the larger goal in mind can prove helpful when waiting for the results to show.

Trust- Some business owners may be hesitant to share information between departments. Although many ERP solutions offer the option of having different access levels to control who can access what data, a level of trust may be needed to initiate the process.

Training- If your company has been using the same software, processes, and workflows for years, the initial training process may prove difficult. Even if the new system is more streamlined, you can expect a period of adjustment as employees learn the new system. However, it can be beneficial to welcome employee feedback during this time as there will likely be some bugs to work out in the initial stages of implementation.

Types Of ERP:

Generalist ERP- This version is popular among many industries because it is highly customizable to meet specific business needs.

Open-Source ERP- A small niche of ERP, this software is often sought after by those who are looking for developmental collaboration. It allows the core software to be customized and modified by developers, often making the system more beneficial to the company and easier to use.

Vertical ERP- This version is more industry specific and is generally used among smaller businesses focusing on a niche.

Small Business ERP- This type of software can be purchased off-the-shelf, eliminating the need to hire developers. It’s effective for businesses looking to streamline general processes with few employees.

If you’re interested in adopting an ERP solution but aren’t sure you need one, you can ask yourself a few questions. Are your business’s manual processes creating time-consuming duplicate data entry? Have you lost out on business opportunities because you either couldn’t identify them or were too busy running your business to explore them? Are there questions on your business that you simply can’t answer?

Speaking to a specialist may help you identify what areas of your business can benefit from ERP, and the options that are available to you. It may help to make a list of the goals you want to achieve, and create a timeline in which you want to accomplish those goals. Whether you run an outsized or small company, ERP solutions are often customized to suit your needs and needs. You can also do some industry-specific research to learn how similar companies have integrated ERP into their business operations, and consider the pros and cons of their approach in relation to your business.

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It helps the business owner address many aspects of their company, and they find problem areas that are decreasing sales or affecting the way their workers are performing. Major improvements are possible with ERP systems.

Real-Time Data Sharing Opportunities

Real-time data sharing opportunities make it easier for businesses to track information and get accurate totals throughout the day for their sales. All files are updated immediately and stored in a common area of the database where workers can review files as needed throughout the day.

The data-sharing features give the company a chance to add permissions for each worker and restrict access according to their security clearance. Business owners can learn more about ERP system features by contacting a vendor for more information now.

The Opportunity To Automate Business Services

Automation of business services and tasks makes the day go by easier and doesn’t overburden the staff. For example, the business can automate their marketing materials and send emails to all their customers on their mailing list. Automation takes the task off the business owner’s shoulders.

All they have to do is create marketing materials and add them to the system, and they can set up a schedule for when the materials are sent to their customers. The automated services personalized the emails to make the customers feel more appreciated.

Improving Data Analysis Processes

Data analysis is vital for all businesses, and the ERP system makes it easier to create reports for these assessments. The business owner or worker enters search criteria into the database, and the system generates reports that show all the information requested.

It is a great way to gauge a business venture and determine if they should continue the project or discontinue it. The same is possible when assessing the company’s current inventory of products and determining when to increase production and when to stop.

Better Reporting For Shareholders

In business, shareholders need information about the company that determines how successful the business is and whether the shareholders will want to increase their shares or sell their stocks. The performance of the business is vital for these assessments, and reports must be sent to all shareholders for these purposes.

This doesn’t mean that the business owner must send confidential information about customers or specific sales. However, sales totals could affect how well the business performs and its current stock value.

Improved Tracking For Sales

Tracking for sales helps the business owner make distinctions about their business, its products, and services. The data shows when changes are needed and when the company should increase the production of products that are selling well. It also gives the business owner a chance to evaluate their workers and sales teams. They can evaluate their workers according to the total number of sales each worker closes.

These details are invaluable to the business owner, and they don’t have the time to sit and search for the data for hours. With the ERP system, the data is easy to access, and the business owner gets accurate totals. They can also streamline search criteria to get the most out of the integration.

Streamlined Accounting Services

Accounting services are necessary for all businesses, and they need accurate totals to pay their workers, order supplies, and pay their expenses. When business owners review their accounting data, they need all records to remain up to date.

When using the ERP design, all new records or entries are applied to the data as they are saved by workers, and the business owner won’t have to worry about inconsistencies that cost them more later on. All records are backed up in the system, too.

Better Financial Planning Opportunities

Easy access to financial data helps business owners create financial statements whenever they need financing or want to entice investors to get involved in their ventures. The financial information is accessible to all workers and business owners according to their security clearance.

This prevents anyone who doesn’t have the right classification from seeing the records. The ERP design increases security for the financial data and prevents outsiders from gaining access to the data or stealing it for financial gains. The business owner won’t have to worry about data corruption or losses with the robust security schemes. They can also use the information for financial planning and determine how much money they have available for new ventures.

Improved Customer Relationship Management

CRM is vital for all businesses, and the data they capture from the integration makes it easier to cater to their customers. The business owner can review the knowledge and determine more about their customers and their shopping habits. It is a more effective way to send marketing materials and improve customer service.

It is vital to use the information to strengthen the relationship between the customer and the business, and this increases sales volumes. Customers who feel appreciated will still do business with the corporate and buy its products. By improving customer service, the business owner improves the way their business operates and retains more customers.

Business owners integrate new systems into their existing infrastructure to improve the way the company operates and streamlines vital processes. The company needs better ways to generate reports for sales and mine customer data. These opportunities improve the way the company serves its customers and increases its sales volumes.

With a ERP system, the business owner improves the way they track sales and assess their data. Files stay updated, and workers share information through a centralized hub. Each of these features makes it easier to operate the business and retain customers more effectively.

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In the analysis of the consequences of the crisis generated by the Coronavirus, it has been verified how those companies that had advanced in their Digital Transformation have been able to react more favorably than those that were more delayed.

Now is the time to accelerate it to be able to respond to the new habits of a consumer more unpredictable than ever. An advanced CRM program capable of meeting the demands of this new scenario is an essential tool to understand your unique aspirations and to be able to optimize and make all business decisions profitable.

CRM Software As A Centralized Collaboration Platform

Whether it is modernizing CRM software by integrating new functionalities, migrating to an optimal CRM or deploying a CRM solution for the first time, it is essential to choose a customer management program that is not limited only to the sales area but behaves as a centralized platform in which to manage the processes of the IT support services.

In the ‘new normal’ in which teleworking is present in all areas of the company, it is essential to have an online CRM program that its users can access from any location.

The ability to serve the needs of various profiles, not just the traditional commercial one, and its mobile availability through any device makes the current CRM a collaboration solution for all departments linked to sales.

An Advanced CRM Program To Renew The Business Strategy

It is also essential to opt for flexible and open client management software that allows its integration with other business solutions such as ERP. Integrating the CRM and ERP allows extending their functionalities by being able to access administrative data about a client that can determine the focus of a commercial and marketing initiative.

Through the CRM software, sales, marketing and communication, customer service and support staff can consult all kinds of data, both historical and active and future operations. In this way, it is possible to have a global vision and at the same time to the detail of the Customer Journey, the customer journey in our company.

Renewing the business strategy by incorporating an analytical CRM with Artificial Intelligence allows analyzing the desired variables applying patterns to get the best action recommendations, even in real-time.

How To Attract And Retain The Customer Of The ‘New Normal’

With the Coronavirus pandemic, we are all experiencing a new way of approaching our day to day life. If it has always been essential to take utmost care of the customer experience, now that care must be redoubled. Closing business operations in these times of economic instability has excellent value. You have to build customer loyalty like never before.

A management software CRM innovative customers and allows deploy strategies to that end:

• Loyalty Programs: It is easy to generate these plans and manage them by watching their evolution through cards, coupons, invitations.
• Personalized Relationship: You are sending messages to personal email accounts, communications calling you by name, showing you that we know your tastes and your relationship with our company. All your purchases are recorded in the CRM. The data of your relationship as a consumer is exploited to prioritize one or other marketing and loyalty initiatives.
• Use Of Bots: Artificial Intelligence applied to a tool that offers automatic support to customers. This tool provides the immediacy that customers demand when contacting companies.
• RRSS: Ability to establish direct contact with consumers and empathically connect with them to communicate news, resolve doubts and share all kinds of information.

Custom Vertical Solutions With Sage CRM

His in-depth knowledge of these business solutions allows him to deploy vertical software to manage specific business processes that can be customized according to the needs of each company:

• Order Management Solution: Allows sales representatives to register orders from CRM to ERP directly.
• Expense Management: Automate and simplify its validation and control.
• Claims Management: Turn a complaint or request for a business opportunity.
• Management of Commercial Control Visits: Find out if your distributors or franchisees are selling your products according to the conditions agreed in the contracts.
• GDPR Management: Easily comply with the processes related to obtaining explicit data consent and its subsequent treatment.

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The post IT Solutions Update The CRM To Relaunch The Business appeared first on Trends Tech Blog.

What Is ERP

In Enterprise Resource Planning, ERP is an essential tool for planning within a company. Referred to under the acronym PGI (Integrated Management Software Package), its role is to manage operational flows and components as does divalto infinity. In reality, it is a tool programmed in the form of management software and has the same database for the conduct of:

• Human Ressources
• Logistic
• Finance and accounting
• Supply and inventory management
• Import-export of company data; etc.

Thus, all of its information is stored in the same database and can be manipulated, queried, or even shared by different users. The ERP saves time in the management of the company and brings it automation of the processes, at lower costs. Divalto infinity plays the same role as ERP.

What Is The Role Of Divalto Infinity

Divalto infinity is a software at the forefront of technology that saw the light of day thirty years ago. It is also ERP software. That is to say, it has the same advantages. It embeds most of the tools necessary for daily business. Intended for small and medium-sized businesses, this business management software combines in itself the management of communication, sales, and the CRM function. However, to make a good choice, it makes more sense to check out software comparators such as the right software. Indeed, this comparator helps you find the perfect manager suited to your business.

How Do You Know If The Divalto Infinity ERP Is Right For You

For Divalto’s infinity to adapt to your company’s budget, you must first choose a formula that suits you. This choice is not always easy and is often a source of great reflection. Fortunately, the “the right software” comparator helps you choose the ERP that suits your needs. This platform offers a comparison of purchase prices, customer reviews, and statistics for each software. This is the best way that facilitates the choice of management tools for your business.

In short, thanks to ERP software, you can improve the management of your business. And this, thanks to integrated management solutions. But above all, you need to choose the best for your business. To do this, use the software bob online comparator.

Also Read: Cloud Direct How To Migrate To The Cloud With A Secure Connection

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Teleworking Is Already A Reality In Successful Companies With The Help Of ERP Software

To be eligible for teleworking, the company must have the automation and digitization of all management processes.

The digital transformation processes that have had a direct impact on the workplace have been accelerated.

The implementation of an ERP software specialized in business management offers us the possibility of new forms of relationship between the workers of a company, since it is not always necessary to share physical spaces to be able to carry out our work effectively.

Technology allows us to make working conditions more flexible between workers and companies.

How Can ERP Help My Company Manage To Telework

An ERP business management system allows us to centralize the management of all the departments of a company in an automated way in a digital environment, in this way, the software facilitates the management of processes, business operations: project management, accounting, finance, sales, customers, logistics, human resources, relationships with customers and suppliers, etc.

Implementing an ERP system is key to incorporating teleworking in a small or medium business.

With ERP management software, all data can be centralized in a single program and authorized workers can easily access it through any device with an Internet connection, so working from home does not mean a delay for operations and interactions with customers and suppliers.

An ERP allows the company to control the information shared by its workers, as well as the performance of jobs.

Any action on the ERP management software is reflected and consequently facilitates decision-making quickly.

Why Do Companies Opt For Teleworking

This way of working offers numerous advantages, not only to companies but also to workers.

This relationship system helps them feel more comfortable in the company and positively affects productivity.

More and more people are demanding to be able to benefit from teleworking conditions for different reasons.

The main reasons are:

Advantages For Companies:

• Reduction of space in permanent offices and equipment, cost savings in infrastructure, maintenance of facilities, etc.
• Possibility of accessing high-level or specialized professionals, facilities for business expansion.
• More motivated and productive workers thanks to the flexibility offered, control of absenteeism.
• The agility of communication between the worker and the business management software, as well as the interaction with customers and suppliers.

Advantages For Employees:

• Savings in time spent traveling to the office.
• Autonomy and flexible hours.
• Possibility to reconcile personal and professional life.
• In the case of professionals with reduced mobility or some type of disability, working from home offers them greater possibilities of accessing jobs in which traveling to the office is a significant obstacle.

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With nearly 200,000 customers worldwide, SAP SE (formerly SAP AG) is the leading publisher of software solutions for business management. Unlike many of its competitors, the German firm has experienced organic growth and has only a few takeovers of startups to its credit. Although a large part of its clientele consists of very large accounts, SAP SE has made huge gains in the SME market, notably with its Business All-in-One, Business By Design and Business One solutions.

SAP SE offers a wide range of applications for enterprise resource management, particularly in the context of customer relationship management (CRM), financial management, talent management, product lifecycle management, and supply chain management. The German company also has an extensive partnership network that enables it to offer unique integration and personalization offers for specific markets.

In addition to its ERP products, SAP also offers several business analysis applications as part of its BusinessObjects product line. The BusinessObjects product line is undoubtedly one of the most remarkable acquisitions that SAP SE announced in 2007. This acquisition has positioned the publisher among the world leaders in Business Intelligence with IBM, Oracle, and Microsoft. This product range has also strengthened its position thanks to recent innovations such as SAP HANA. Unlike other databases that store data on the hard drive, SAP HANA saves it in RAM to execute queries from multiple data sources in real-time.

Why  Use An ERP

The advantages of ERP over traditional management methods are quite obvious: the company that uses an ERP can standardize its services and centralize its processing of information from a single database. For example, any information entered on an order form in the accounting department is visible to all the departments concerned by this operation.

Thus, there will no longer be any risk of data redundancy between the departments, the information is displayed in real-time on the workstations of all the employees concerned. As a result, the company greatly improves the coordination between its departments while reducing the time required to report information. Also, the publication of financial or logistical information is done in real-time, because all the data is available to all employees.

The Specific Advantages Of The SAP Software Package

Around 200,000 companies worldwide use the intelligent solution that is SAP in their daily operations. However, many employees in these companies do not yet realize the extent of the benefits and functionality offered by the SAP software package. However, this lack of knowledge becomes an obstacle that prevents organizations from managing all business operations much more effectively. In any case, business leaders and decision-makers mustn’t underestimate the benefits that SAP ERP software can bring them.

• A Role-Based Approach: A personalized role for each employee, allowing him to quickly and easily access only data and transactions concerning him, via various access terminals. Indeed, each user will have their identifiers and will be limited to the settings made on their account beforehand. For example, a payroll manager will not be able to access business data. This approach allows data to be partitioned and maintains confidentiality in the information system.
• The Use Of Advanced Information Collection Technologies: like SAP HANA, SAP data processing tools allow better integration of all data sources.
• Reduced Operating Costs Thanks To Increased Flexibility: SAP relies on the company’s service architecture to improve the standardization, efficiency, and adaptability of its processes. It allows the organization to share its information and collaborative functions with other communities.

Better Control Of Management Processes

Thanks to SAP ERP, companies can perfectly control each of their daily management processes. The availability in real-time the information allows, for example, the realization of preliminary cost calculations, the evaluation of a manufacturing process thanks to better management of materials, or even the estimation of the final costs of production. The same goes for estimating the resources needed for production, such as the allocated human resources, materials, and raw materials.

However, be aware that the SAP suite does not offer standard conversion management functionality or document printing. For example, it is not possible to convert documents into a standard format, just as the SAP suite does not manage the distribution of business cards including forms as standard. To carry out these various tasks autonomously, companies must get in touch with SAP integrators or SAP TMA specialists such as the Codilog agency, who will develop additional tools or functionalities as a result.

Finally, note that SAP provides more than 140 standard project system reports for business project management. The flexibility of the suite and its full commercial integration make it a versatile system to meet the needs of project managers and project accountants.

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These factors can occur according to; the cost of licenses or the cost of the subscription, the adaptation of technical infrastructures, the costs derived from the implementation itself, or the management of change that includes training, communication, and many times, relocation of resources, among others.

An ERP will only be useful for SMEs if its implementation brings not only benefits in terms of agility and flexibility, but from an economic point of view. Establishing workflows and systems that automate processes makes day-to-day easier. But, from a profitability point of view, managers of small and medium-sized companies demand figures. The system is also prepared to provide this information.

How To Identify The Best ERP Profitability In SMEs

Once all costs have been identified and accounted for in detail, organizations should measure, in the most objective way possible, the benefits associated with using the new application.

There are several ways to measure this value, however, there are some guidelines that are common to most companies. Some of the most relevant can be summarized in the following points:

Operating costs refer to both the basic costs related to the activity itself, those that have to do with the day-to-day running of the business, and the expenses that other additional services entail, although necessary. To do this, SMEs can identify other cost categories that will allow them to define those operating costs more accurately.

Automation: That is the tasks and processes that required manual work and that an ERP can be simplified and automated.

Centralization Of Information: The normal thing is to bet on a modular ERP that allows integrating and centralizing all the information of sales, purchases, production, and accounting, in a single application.

Services: Moving from a local system to a cloud solution, costs also decrease. Without the obligation to have physical space for the servers, or the dependence on IT teams to do maintenance and updates, costs will decrease.

An ERP will only be useful for SMEs if its implementation brings not only benefits in terms of agility and flexibility, but from an economic point of view.

Shorter Sales Cycles

After implementing ERP, companies will notice a significant reduction in their sales cycles. It is a matter of efficiency and of applying the optimal resources to the execution of each task. Many ERPs also allows integration with other applications for customer relationship management (CRM), which makes the sales process even shorter and much more efficient.

Improved Supply Chain

Another element to consider in calculating ROI has to do with streamlining the supply chain. An ERP allows you to manage all this information very easily and thus obtain better commercial agreements.

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