If your company’s CEOs are in no mood that enterprise resources planning (ERP) software can’t benefit their business or any ready solution (out of box) is not available or isn’t right for their industry, it’s possible to change their insight. At first, it may not be easy, but it can be done with proper approach. They, at the top managers thinks that ERP won’t yield appropriate return on investment (ROI), or could have fallen victim at common ERP myths.
According to ATPL (Arista Technologies P. Ltd.), the most widespread misconceptions about ERP include the following:
ERP is just for amazing the mass of customers . Always thinking existing processes are sufficient, so ERP is unnecessary expense . ERP doesn’t benefit the whole company it is just for manufacturing…
ERP solutions are too expensive for anyone aside from huge companies Regardless of their interpretation for avoiding an investment towards ERP implementation, there’s a good chance that this technology could drastically benefit one’s company.
Here are few concepts to present to your Top Managers if you’re eager to streamline your processes, improve collaboration, and establish transparency.
1. Actually ERP Saves Money :
Studies on the ROI of ERP indicate that most companies appreciate a significant fiscal return through productivity gains, centralization of technologies, and overall streamlining. Researchers reported that for every money invested in ERP, companies had drawn return of about 700% percent ROI. Cloud-based ERP can have an even higher ROI, as many companies are able to save significantly on technology investments with this option. While implementation can be costly, many organizations are quickly able to make up the money invested towards technology selection, project planning, and training expenses.
2. ERP Increases Efficiency :
Each process and area of your company that’s integrated into your ERP can add to the efficiency gains your company appreciates with this investment. Some organizations are able to be 75 percent more productive, particularly if their ERP is used as a tool for workflow automation. Perhaps most outstandingly, an ERP implementation forces organizations to assess their existing processes and improve their workflow consequently.
3. ERP Benefits Your Customers :
Even though ERP isn’t a typical clients/customer-facing technology, it will have a positive impact on clients. According to researcher, clients/customer service isn’t just about the solutions you offer your clients. It also encompasses product quality, on-time deliveries, and fair pricing.
4. ERP Improves Data Quality :
Data mismatch and related issues cost companies billion’s each year. Research studies indicate that data inconsistencies can impact your customers, employees, partners and stakeholders. ERP implementation can reduce your need for standalone data quality processes, and eliminate errors associated with quality concerns.
5. ERP Reduces Work-in-progress :
Work-in-progress (WIP) isn’t just a key concern for manufacturing companies. Employees can lose hours of productive time each week or day when waiting for others to finish job/projects or share the right assets. ERP increases transparency, facilitates project management, and improves collaboration. You’ll be able to appreciate a remarkable reduction in expensive WIP due to significantly improved oversight of your tasks and projects.
6. ERP Offers Indefinable Reimbursement :
Many of the benefits of ERP are difficult to measure, but have a significant impact on the enterprise. Researchers have found a number of improvements that aren’t easily quantifiable:
Centralized & Better access to information . Better efficient internal processes due to sharing or data from single source . Dependable high quality of customer support service . Foresight into new markets, acquisitions and products . Increased flexibility to customer preferences and market factor.
While all tangible and intangible benefits of ERP implementation needs lots of books to be written but if the decision is taken at right time, with right view, with focused goal to achieve with help of ERP, then let ATPL be your right partner to implement for your company, Call today on +91-97219-35564 or send email to email@example.com