INNOVATIVE APPLICATION CONSULTANTS
If you are looking for an efficient and accurate way to manage all your business processes, ERP
systems may be the answer. ERP stands for Enterprise Resource Planning and it enables
businesses to track their data in real time, effectively reducing costs and improving customer
service. ERP systems provide a one-stop solution for managing your financials, operations,
inventory, customer service, HR & payroll, and more.
What is an ERP system?
An ERP system is a software application that helps organizations manage their business
processes in a more efficient and effective way. Typically, an ERP system will integrate all of
the main functions of an organization, including accounting, finance, human resources,
manufacturing, supply chain management, and customer relationship management (CRM).
ERP systems are designed to standardize an organization’s business processes and provide
visibility into all business areas. This visibility can help organizations make better decisions
about their operations and improve their overall efficiency.
Benefits of ERP Systems
There are many benefits in implementing an ERP system in your organization. Here are some of
the most significant benefits:.
Improved decision-making: One of the biggest benefits of ERP systems is that they provide
visibility into all aspects of the business. This visibility gives managers the ability to make
better-informed decisions about their operations
Different types of ERP systems
There are different types of ERP systems that cater to enterprise resource planning. These
systems vary in terms of their functionality and the type of business they are meant for. The most
popular ERP systems include Oracle, Microsoft Dynamics & SAP.
ERP implementation tips
Enterprise Resource Planning (ERP) systems are complex, and their successful implementation
requires careful planning. Here are some tips to help ensure a successful ERP implementation:
1. Define your business requirements upfront. What do you want your ERP system to do for your
business? Be as specific as possible in your requirements definition.
2. Choose the right vendor. Not all ERP vendors are created equal. Do your homework to find a
vendor that has a good track record of successful ERP implementations and that offers a solution
that fits your specific business needs.
3. Don't try to do too much too soon. An ERP implementation is a major undertaking. Break it
down into phases and focus on getting the first phase up and running smoothly before moving on
to the next phase.
4. Plan for training and change management. Training is essential for users to be able to
effectively use an ERP system. Change management is also critical to ensure that users adopt the
new system and processes.
5. Make sure you have adequate resources dedicated to the project. An ERP implementation
requires significant time and effort from a cross-functional team of people within your
organization. Make sure you have the right people assigned to the project and that they have the
time they need to devote to it.
ERP success stories
There are many reasons why ERP implementations fail, but there are also many success stories.
These stories come from a variety of businesses, in a variety of industries, all over the world.
One such success story is that of Kumi Supreme India Pvt Ltd., manufacturing company in the
Bhiwadi-Rajasthan. After years of using a patchwork of legacy systems, they decided to
implement an Microsoft D365 Business central ERP system. The implementation was not
without its challenges, but ultimately it was successful.
The benefits that Kumi Supreme India Pvt Ltd. has seen since implementing its Microsoft D365
Business Central ERP system include:
-Increased efficiency and productivity
-Better visibility into all aspects of the business
-Improved customer service
Another success story comes from RateGain, one of the world’s largest processors of hotel
bookings. They implemented an Microsoft D365 Business Central ERP system across their
entire organization, which was no small feat. However, they were able to do it successfully and
are now reaping the benefits.
Some of the benefits that RateGain. has seen since implementing its Microsoft D365 Business
Central ERP system include:
-Greater efficiency and coordination between departments
-Improved decision-making thanks to better data access and analysis
-Increased agility in responding to market changes