How Business Central ERP Software can Support Growth
A properly implemented ERP (Enterprise Resource Planning) software can support your company’s growth in many ways:
Support and enforce business processes. Employees following standard processes is the ideal method to ensure products and services are delivered with consistent quality. Workflow, approvals and mandatory steps and sequences are helpful in ensuring business processes are followed.
Reduction of double entry of data. Running multiple software systems can lead to double entry of data where the same data is entered in multiple systems. Integrations can reduce and/or eliminate this. The concept behind ERP Software it is is one platform and thus data is automatically available throughout the system, eliminating double entry.
Automate tasks - using automations such as optical character recognition (OCR) on vendor invoices will increase efficiency and allow accounting staff to focus on other important tasks.
EDI (Electronic Data Interchange) - some vendors/customers may require you to send transactions via EDI. Once configured, EDI automatically takes incoming documents and converts them to sales orders, purchase orders, invoices, etc., thus saving on data entry and on potential input errors. This is particularly important if your transaction load is high or is increasing. EDI automates the creation of transactions within your ERP system.
Provide metrics that were not available before. By capturing data within your ERP software, reports may be possible that were not before. This can give better insight into costs and profitability and point out problem areas.
Take advantage of planning tools to facilitate sales forecasts and purchasing. Sales forecasts can help predict future sales and purchase planning can ensure you have inventory to meet customer demands.
Provide needful information efficiently to customers and vendors, improving customer experience and cash flow. ERP can facilitate the flow of orders through your system resulting in goods and services being delivered faster.
The key is implementing the software for your business, tailored to the uniqueness of your business, streamlining and enforcing business processes, with the end goal of delivering quality products and services to customers efficiently and with sufficient volume to continue expansion.
Contact us today and put in place the structure that will support your business’s growth.