What is an ERP System?
Enterprise resource planning (ERP) is essential software used by organisations to manage various business activities, such as accounting, procurement, project management. ERP systems integrate data from multiple sources, ensuring data integrity and eliminating duplication.
In today’s business landscape, ERP is as crucial as electricity for managing businesses of all sizes and industries.
Why companies need an ERP system?
ERP systems are essential for businesses in the UK. They increase efficiency by streamlining operations, reducing duplication, and improving resource scheduling. Many companies are held back by outdated systems that lack the capabilities of modern ERP solutions.
ERP systems reduce reliance on spreadsheets, which can be error-prone and inefficient. They provide real-time information, enabling better decision-making and forecasting. ERP systems also improve customer service by providing accurate and timely information. They support growth by scaling with the business and integrating various business functions.
Lastly, ERP systems ensure compliance with regulations, which is crucial for UK businesses navigating complex local and international laws. Investing in an ERP system can therefore bring significant benefits to UK businesses.
What makes the best ERP system?
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Complexity and Evaluation - ERP systems offer a wide range of utilities and applications, making objective evaluation challenging. Some systems are industry-specific, which means what works for one business may not suit another.
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Application Scope - ERP systems should comprehensively address all business process requirements across an organisation. Some solutions are basic accounting or logistics platforms, while others provide robust tools for all teams.
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User Experience (UX) - Given the software’s complexity, UX is crucial. Consider factors like structure, logical design, familiarity with existing solutions, and speed.
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Scalability - ERP software varies: some for small to medium-sized businesses, others for large enterprises. Evaluate how well the solution can scale as a company grows.
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Customisation - Customisability is essential since businesses operate differently. Assess how easily the software adapts to unique workflows, processes, and UX preferences.
Why Business Central is a top choice for ERP systems?
Microsoft Business Central is a top choice for an ERP system due to its evergreen nature, ensuring a smooth digital transformation with no downtime or software modifications. Its seamless integration with Office 365 allows data and features from Business Central to be utilised across other applications like Excel, Outlook, and SharePoint Online.
The flexible design offers more functionality as an accounting solution compared to standalone finance platforms and is adaptable, allowing you to add additional Dynamics 365 modules as needed. The Power BI visualisation tools provided allow you to unify your reporting across all of the systems and software your business uses, effortlessly reporting on important KPIs and discovering innovative insights about trends.
Being a cloud-based solution, it allows for secure access from any device and eliminates additional expenses for hosting or specialised hardware. These features make Microsoft Business Central a market-leading ERP solution that’s worth considering for your business. It can power your growth and help you make more informed decisions.
