Significance of ERP for Business Processes- MM Infosystems

Posted by mminfosystems on May 11th, 2017

For any business on the face of this earth, what matters more than the profit it churns, is the overall efficiency with which these profits are earned. This efficiency largely depends on the ability of the business to run its processes and functions in a strategic manner.

Any input of unnecessary time and/or efforts will not only bring down the efficiency, but the inclusion of redundant process might also cost the company with respect to its valuable resources.  For a business which has discovered a any redundant process and has suffered a loss pertaining to the same, it often becomes extremely important to point out the discrepancy and rectify the process at the earliest possible.

In such a case, only the implementation of an optimal business process flow can help save the business against unsolicited losses and aid it in becoming more profitable. This can be taken care of by adopting a customised Enterprise Resource Planning or ERP solution, but before we go into the details of the same, let us understand the concept of ‘business process flow’.

Business Process Flow

It is nothing but a flow chart depicting the details of any given process practised in the enterprise. Essentially a business process flow is meant to serve as a tool which helps in the identification of the ‘why’ with respect to any given task.

Also Read: What Is The ROI With Respect To The Expenses Incurred On ERP?

In addition, it supplements the comprehension of all the layers of the said process. Simply put, it breaks down the process in bite-sized chunks, which are easy to understand.  In some cases, however, the processes are far too complex and are hence not streamlined in an optimal manner.

It is in such situations, that the need for ERP steps in. Let us understand how it helps in making these process as structured as they ought to be.

Enterprise Resource Planning

ERP is essentially a solution that is aimed at optimal utilisation of the available information regarding a process. The ERP takes into account, various back-end functions such as accounting, inventory management and supply chain management amongst many others. It then analyses each function to offer a solution to streamline the same, thus eventually making the process more efficient.  

In a normal setup, multiple systems are required to manage the various operations that are undertaken in different departments of the business. This is not only time-consuming but often needs a greater amount of resources.ERP, on the other hand, integrates all the business processes and brings them to one place thus enabling easier management.

Moreover, ERP enables the automation of tasks, thus ensuring that your valuable human resources do not have to spend unnecessary time and energy in performing the same. ERP also helps avert unwanted manual errors.

Also Read: Challenges in Implementing ERP in Traditionally Run Businesses

What makes ERP all the more alluring is the fact that it can be completely customised to meet the specific needs of any given business. More often than not, an ERP solution that is tailored to suit the needs of your business will be designed and delivered to you.

Not only will this help your business in the seamless adoption of this unique tool, but will also help it achieve the much-desired profitability!

Update: Enquiry now for GST Ready ERP.