The commonly used acronym, ERP, stands for Enterprise Resource Planning software which is a business technology solution that is used across industries to collect, store, manage and communicate business data across all departments of a business.
The collaborative solution assists with the customer service, financial, production, engineering and material areas of business, just to name a few. With its many uses, different industries served and benefits, ERP is a robust and expansive solution sure to assist businesses with their daily needs, duties and activities.
Another beautiful facet of ERP is how flexible of a software solution it is. ERP can be used for a number of reasons and can be deployed in different ways. Let’s cover the different types of uses for ERP and the reasons why different businesses need it, so that you can decide which will work best for your business.
ERP’s Primary Uses?
Businesses have different reasons for implementing ERP software. Whether it’s due to the need of having a central space for all company data, or implementing specific suites that will assist your business in areas that need assistance, ERP software is quite the chameleon.
Let’s break down some of the most commonly used ERP suites:
- Marketing, Sales and Customer Service: Meant to assist with delivering strong customer service, this suite typically comes with estimating, CRM integration and quotation capabilities.
- Finance: Essential for money management, the Finance suite allows businesses to monitor and manage its financial performance.
- Analytics: Gain an instant look into your business insights and overall performance with graphs and company data.
- Production: Keep up with your company’s shop floor changes, manage quality and schedule maintenance operations.
- Materials: Gain control over material functions including, shipping, purchasing, and mobile data collection, to name a few.
Examples of How Businesses Use ERP Software
There are many circumstances when ERP software becomes a coveted item that businesses need. From company size to industry needs and the budgeting, ERP solution has the ability to shapeshift itself into whatever a company needs it to be. Let’s cover those ways!
- Small companies who need ERP: ERP isn’t just a software solution meant for medium to large sized companies – small businesses and startups can utilize and see the benefits of ERP too. Small companies use ERP for business data organization and financial management. ERP will also continue to be helpful as a small business grows over time.
- Industry specific ERP solution needs: Specialized industries including, Manufacturing, Healthcare or Metal Fabrication need a business management software that is specific to their industry. ERP software that is specific to your business, thanks to specific suites and applications, can help with everything from inventory to production, customer service and shop floor. An ERP solution with customization capabilities will give your business the exact features it needs.
- Company who needs ERP on a budget: No matter the size of your business, budgets are always a concern. For a small business especially, spending money has to be a meaningful and worthwhile investment. Luckily, for companies searching for ERP on a budget, there are choices! Cloud ERP is typically the route that many budget conscience companies go for when looking to implement ERP software. Cloud ERP is typically a cheaper option and your small business would not have to worry about having an IT department on hand to handle any technical issues that could potentially arise.
If your business has struggles with managing daily business operations, finances, managing inventory and your shop floor, enterprise resource planning software is a solution you should strongly consider and can heavily benefit from. As covered in this blog, ERP is a versatile and robust software solution that helps industries of all types and has many uses. Take the time to consider what your business needs and where you’d like to become stronger. From there, your business can begin the process of searching for an ERP vendor and solution that can strengthen your business and help reach it’s potential.