Speed is essential today. Companies need real-time information, analysis, and insights. Leaders need to leverage this information to make critical, well-informed decisions in the moment in order to respond to customers, leverage opportunities and stay a step or two ahead of the competition.
To collect and analyze all that information fast requires integrated software solutions that gather information from disparate systems, present that data in a unified and consistent manner, and allow companies to make smart decisions.
Still, too many leadership teams today do not understand why an enterprise resource planning (ERP) solution can make the difference.
1. ERP is central to success
With an ERP, leaders have the opportunity to see data across an enterprise in the aggregate while also providing the ability to drill down into specific local data sets. This gives leaders insights into the specifics of any one particular unit or the organization in totality.
Centralized data also allows for workflows, some of which may be global, to be managed in an integrated and coordinated manner, bringing together sales, marketing, customer service, manufacturing, fulfillment and inventory functions.
2. ERP is more than IT
With an ERP solution agreed upon, executives across the enterprise are empowered to break down silos, collaborate and share data and insights more easily. This means that an ERP installation needs to be seen as far more than an IT project but instead an organization-wide strategic opportunity.
3. Change needs to be managed
Maximizing an ERP solution means taking a hard look at business systems and processes. ERP can be a powerful catalyst for organizational change, even more so if upper management prepares and endorses using ERP as a tool for transformational change.
4. ERPs reduce complex supply chain costs
Complexity drives up costs within an organization. ERP helps reduce complexity by adding transparency and visibility across a global supply chain. ERP also generates data that provide a clear projection of implications of decisions regarding the cost of materials, transportation, inventory and distribution.
5. Uniformity boosts growth
As companies grow increasingly global, they need software solutions that can expand accordingly. Dramatic growth, particularly when it involves global expansion, requires systems that can adapt and grow with your business. With the right ERP, companies can accelerate growth by replicating processes and data capture consistently across country borders.
6. Simplify currency and language differences
With an integrated ERP solution, companies can reduce barriers created by working in multiple currencies, locations, time zones, and languages. An ERP can help translate currency variances, break down communications barriers and allow employees to visualize and interpret data consistently across languages and currency values.
At NexTec, we recognize the power of ERP solutions. Our national network of consultants has extensive knowledge of the products and features offered by leading ERP providers. Contact us to see how NexTec Group can help your company, and its top executives, learn about the power of ERP software.