The ERP Industry has been rapidly growing in the past 5 years, and it continues to grow as countless companies are reaping the benefits of transforming their operations digitally. However, for people who have never used ERP, it is a bit challenging to see why companies invest thousands and hundreds of thousands of dollars for these services.
Here are 3 reasons why the most successful companies invest in ERP
ERP Saves Money
Saying that ERP services are purchased to save money sounds counterintuitive because they require big investments. Although, this is one of the main reasons companies consider ERP investments.
ERP software integrates all of the different processes of your organization into one connected ecosystem. So that each process is not independent anymore, and every action in one department is sent to the relevant departments and automatically makes necessary changes.
Using this feature, companies save lots of money that they waste while trying to retrieve important data from different departments. On top of that, companies save the cost that they would put into training their employees to use different software as the organization system is now unified.
To Avoid Errors
As we mentioned, ERP integrates all your different processes together in one single database. Having a single database leaves no room for human error when you are retrieving important information from different departments.
On top of that, having an accessible source of accurate information reduces stalling that comes from hesitation and scheduling multiple meetings to make sure that any data is accurate during projects. There is no need to wonder if the data is complete, accurate or secure.
Using an ERP helps avoid human-error that comes with data sharing and so it improves collaboration during projects.
Improve Business Intelligence
This feature is also one of the main reasons people invest in an ERP. Some ERP software use the central database to run algorithms and create accurate and detailed reports and analytics. These reports can include income and expenses, KPI’s, or anything that the users decide is an important measure.
Also, users can set access levels to make sure that only the relevant people in the organization have access to the data relevant to them. This feature alone saves companies lots of money that is spent trying to collect data and create reports manually, and eliminates the human-error factor associated with this hideous task.
The value that ERP provides to companies outweighs the relatively high cost associated with the implementation process. This is in the case that you chose the right solution and had experienced users who can maximize its value.
This is why we at LABS run a thorough discovery phase at the beginning of every project to make sure that our partners are getting exactly what they need both in the short-term and for the next 5 years. We value transparency and make sure our partners receive exactly what they need without incurring hidden costs in the future.
LABS' experience is proven by our accreditation in delivering project management methodologies and 3-tier training programs based on SAP, applied specifically for the Middle East to make sure that all the users are ready to reap the benefits of the ERP investment.
We promise a smooth, 'snag-free digital transformation experience to customers, contributing to the business community no matter the industry and to provide our partners with a premium service, whether that be in expertise (no junior consultants), projects delivered on time ,budget, and after-sales support.
For more information about our services, find our contacts here.
LABS, Your Digital Transformation Partner