It may be a requirement for you to maintain as many business activities as possible while your employees are working from home. While the approach may not be a problem for some, it can also pose significant challenges.
Running critical processes, managing complex systems, accurately reporting on necessary data, and communicating effectively with teammates suddenly looks different. Did you know that an ERP system can help your company automate essential processes, manage complex systems and give you real-time insight through better reporting? These are five advantages of ERP software, which can ensure that you continue your business successfully.
1. Improved security
The way of working has changed in a brief period. Your employees may mainly work from home, which means that your employees make more use of their equipment, such as computers and mobile devices. You may need to spend additional time and resources monitoring data protection. Fraud and cyber-attacks tend to increase in times of economic uncertainty. Did you know that our ERP solution has an excellent security system as standard? This way, you can be sure that your data is always safe. Authentication and verification of users are also excellently arranged. You continue to comply with the general regulations for data protection (GDPR) as standard.
2. Reduced workload for IT
An ERP system supports you as a company in automating and connecting purchasing, sales, operations, accounting, and inventory management. A significant advantage is that all your different business processes are connected in one system. Your IT department no longer has to deal with many other systems and your employees work more effectively.
Ultimately, a reduction in the systems needed and the automation of essential processes in one system can lead to a reduction in operational errors and inefficiencies that cause problems, including:
- Workflow bottlenecks
- Barriers to employee productivity
- Customer service malfunctions
- Automatic updates of your ERP solution with the latest security measures, which are automatically integrated into your systems. This keeps you ahead of evolving IT threats, as your system is always up to date and better prepared for a potential breach.
3. Lower IT costs
An ERP system such as Business Central runs entirely in the cloud. This eliminates the need for expensive on-site servers or network equipment. The system is managed remotely, eliminating the need to hire specialists to manage a data center or maintain systems. Thanks to the automatic updates, you no longer have to invest in purchasing new versions. Your capabilities and security increase while you reduce IT costs.
4. Real-time reports
The integrated Power BI in Business Central provides powerful and useful dashboards in your ERP system with reports, KPIs and management information, even if employees work from many different locations. You are no longer busy working out and checking data, and you no longer have to wait for the insights from a specific period. Power BI’s real-time and accurate analytical reports help you forecast your financial health, identify trends and make informed decisions cost-effectively. You can adapt quickly to new work structures, such as a new external work environment or working with fewer staff.
5. Save money and resources
Suppose you don’t have a complete overview of your business data. In that case, you could lose capital for slow or hasty, risky decisions based on inaccurate or incomplete information. As a resilient company, it makes sense to invest in systems that enable you to perform your tasks accurately and efficiently. Real-time access to data makes your business more profitable by reducing turnaround times, making the right choices faster, and streamlining the quote-to-cash process.