What Is ERP And How Does It Work?

What Is ERP And How Does It Work?

Does your business lack standardised process? Does it take forever to retrieve a certain data? Are your employees swamped in superfluous and manual processes?

Well, here’s a piece of good news for you: businesses can now implement an industry specific ERP software that can streamline operation and support your business needs.

If you want to have a competitive edge in the market, you need to map out unique variables for your business operations. In a cut-throat industry, it is imperative for you to fast-track your processes and reduce operational costs as much as possible. And an ERP solution can assist in doing so.

But, What is an ERP System?

ERP is a software solution used to streamline business activities. Being a suite of integrated applications, it provides assistance in managing key functions of a business.

An ERP software stores and maintains data of all business processes; from human resources and finance to sales and customer relationship management. It is equipped to automate and unify all business operations, thereby reducing the time consumed in manually processing a task. Also, because it is a centralised
system, it ensures better workflow and supervision.

ERP systems come with a dashboard where users can view real-time data collated from every department to gauge productivity and profitability. This also aids in identifying redundant tasks, and automating them.

How Does an ERP Solution Work?

An ERP system is designed with a key concept of ensuring every employee is referring to the same data instead of working in silos. If your teams are reluctant towards sharing their data across the enterprise, it can lead to redundant steps, misaligned priorities, lower productivity, and more.

With a centralised solution, you can ensure that the data in the system is accurate and up-to-date. Basically, data regarding every process across departments will be available on the dashboard. So, if you need specific information regarding sales, you have the data on your system.

How Do On-Premise and Cloud-Based ERP Work?

On-Premise ERP

An on-premise ERP solution is installed into the servers owned by a company. If you opt for this solution, you will need software, a hardware, and a team of IT professionals to ensure zero downtime and utmost security.

Cloud-Based ERP

Instead of operating from a company’s server room, an ERP solution deployed in a cloud-based SaaS model functions on a network of remote access servers. And at SourcePro, we manage, and update your ERP software multiple times a year, and ensure that it is up-to-date with the latest technology. We enable you to configure the ERP solution as per your business needs, ascertaining that the tool can assist you in all aspects.

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