An Enterprise Resource Planning (ERP) is a business system that manages and automates an organization’s financials, operations, supply chain, and overall business processes. This management software helps companies utilize a system of integrated applications between different departments while gaining insight and breaking down data silos.
Modern, fast-paced business environments demand visibility and adaptability to help drive business growth. Adopting a digital transformation strategy with modern ERPs benefits the way products are developed, empowers supply chain capabilities, and improves the customer experience while companies:
Furthermore, technological evolutionary changes have both simplified and improved modern ERPs to help connect your processes, systems, and data while getting the required intelligence and adaptability to optimize your operations. By implementing an ERP, your business will:
2. Drive operational impact
3. Ensure your business agility
With 360-degree visibility of your business operations, you’ll be prepared to respond proactively to any change in requirements, regulations, or processes while maintaining every system in compliance, reaching:
Automate, prioritize tasks and data integration of ERP systems to improve control over disconnected areas.
Break down data silos and elevate your business productivity while encouraging collaboration between departments.
Keep a centralized data repository from all departments, eliminate duplication, and upgrade data accuracy while reducing errors.
Make data-driven decisions and predictive insights with updated information about your business.
Reduce overall costs and increase efficiency while decreasing mistakes and discovering issues before they happen.
Microsoft Dynamics 365, the umbrella that encompasses the Microsoft Business Solutions Ecosystem, has proved to be a Leader in ERP systems for both small and medium-sized enterprises (SME) and large organizations, utilizing different modern and intelligent business solutions.
Dynamics 365 helps you streamline your everyday financials and operations with upgraded cloud apps that go beyond conventional ERP and CRM systems with unified data and an adaptable platform for your business while providing a modernized workforce and business intelligence.
Microsoft offers two individual firmly connected solutions that comply with specific regional and industry regulations, Microsoft Dynamics 365 Finance and Dynamics 365 Supply Chain Management (SCM). Leverage the robust solution of Dynamics 365 Finance to accelerate business growth and improve financial performance through a rapid, reliable, and easy-to-analyze accounting and financial system across your organization. And elevate your manufacturing and supply chain operations from reactive to proactive by harnessing predictive insights and intelligence to improve productivity with Dynamics 365 SCM.
Nowadays, more companies are adopting ERP solutions to face several challenges that keep interfering with their business’ evolution in a fast-paced technological environment. In many cases, the organizations’ lack of strategy could result in devastating outcomes due to disparate and disconnected software or hardware, or by not adopting new technologies where the market demands effectiveness and quick adaptability to change or, in most cases, by not being prepared organizationally.
Therefore, the company’s C-suite must be aligned with the digital transformation strategy, being a manager of innovation and technology to ease their employee’s learning and technological approach improving productivity and operations while aligning their goals and maintaining open communication to create a positive effect in business results.
Sources:
Microsoft. https://dynamics.microsoft.com/en-us/erp/define-erp/
Microsoft. https://dynamics.microsoft.com/en-us/erp/what-is-erp/
