What is an ERP?

Enterprise Resource Planning

An ERP system (Enterprise Resource Planning) is the most important tool in your enterprise organization's arsenal. ERP solutions are automated management systems that integrates your internal and external data through your own database centers. From bringing together all the different facets of your organization into one cohesive system to keeping your entire team informed and up to date; an ERP suite can be your best friend and a reliable resource to achieve success in an ever-changing industrial landscape.

But why should you invest in an ERP?

ERP versus Point-Solutions

Many enterprise industries incorporate multiple "point-solutions" into their business and processes. What this means is that these organizations usually have one piece of dedicated software for each individual process, such as:

  • Inventory
  • Financials
  • Procurement
  • Human resource planning
  • Quoting
  • Quality control
  • Scheduling
  • Time-clock tracking
  • Resource management
  • and many more...

Unfortunately, enterprise organizations that use this many disparate business software systems will inevitably run into this also means that an enterprise company using many disparate systems will run into cross-communication issues, customization difficulties, and impeded future upgrades of any one process. Added to this are the costs of running so many different business applications; a single point-solution cost averages $30,000 a year before regular IT costs. Multiplied by 7 or more point-solutions, it can become overwhelmingly expensive just to operate regular enterprise business procedures.


Why You Should Invest in ERP

With an ERP solution in place (such as Infor's CloudSuite Industrial), these difficulties and limitations become obsolete. When technology is ultimately improved and upgraded, you only have one business system to replace as opposed to multiple. Instead of struggling to communicate with dissimilar pieces of integral software, everything is connected seamlessly into one smoothly running system. If you need specific customization of your business software, everything else is customized along with it with no important processes or facets left behind.

The benefit of an ERP solutions is being able to manage the flow of information both within the organization and outside of it. After implementing ERP software, organizations can manage manufacturing, accounting, sales, service, and raw material data constructively to save on cost and time.

The positives of having a unified ERP solution for your business are plentiful, and the average ROI of an ERP is around 10 months. This means that your ERP will have paid for itself within the first year, negating those often daunting initial implementation costs.

There are numerous ERP solutions to choose from, so ERP selection can be a difficult task. However, with the right team and the right choice, your organization can find an ERP solution that is perfect for your business that will save you time and money.

Talk to one of our ERP consultants today to learn more or find out how ECI can assist your business.