The Benefits Of Enterprise Resource Planning (erp) In Sri Lanka

Enterprise Resource Planning (ERP) is a computer based application which is used to handle the integral process of businesses

. It is a single unified business solution package, which joins different departments such as resources, planning and management control and so on, thus providing a centralized database and consolidating all business operations into one uniform environment. ERP centralizes each and every primary aspect of the business, and its existing and prospective customer base, production, marketing and distribution processes.

Those that do not incorporate an ERP system find themselves with many software applications for various departments that cannot communicate or interface effectively with one another. The purpose of ERP is to enable the smooth flow of information between all the various business functions within an organization, thus giving an extra edge to the running of a business.

ERP systems centralise all your business data in one place. This is advantageous in many ways in the running of your business. For example, by using ERP systems, inventory levels can be kept at a maximum efficiency thus increasing profitability of a company. By integrating different functional areas, this ensures proper communication, productivity and efficiency between different departments. ERP systems assist many parts of your business such as order tracking, the revenue cycle, managing inter-dependencies of complex processes, tracking purchase orders, inventory receipts and costing, and accounting for all the needs of your business.

The benefits of ERP are numerous. By incorporating an ERP system in your business, the problems of synchronizing changes between multiple systems such as finances, marketing, sales, human resource and manufacturing applications is eliminated. ERP also enable control of business process that cross functional boundaries and provide real time information to management anywhere and anytime. This means that decisions regarding the business will always be based on up to date and accurate information within the company. ERP provides immediate generation and comparison of data that flows from multiple and complex business functions. Crucial business decisions can thus be made on the basis of fast and accurate reporting. Proper planning and implementation means that the operation cost of the business can be reduced.

Also, ERP reduces the risk of losing sensitive data. This is because the system is unified and multiple permissions and security models are all incorporated into a single structure. ERP also shortens production lead time and delivery time and facilitates business learning, empowering and builds common visions within a business as all the information is shared and accessible.

Are you looking to give your business an edge over your competitors and peers? If so, incorporating an ERP software system is just what you need to do.

by: Selena Daniel

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