29 May Why ERP is One of Your Critical Automation Solutions
Automation has reached the tipping point across industries and more manual tasks seem to be automated every day. As happens with most innovations in business operations, automation solutions that once offered a competitive advantage are rapidly becoming competitive requirements.
For some small businesses, manual processes are fine to get by day-to-day, but as a business grows, manual tasks become more time consuming. Moreover, human error becomes more prevalent and more costly.
Such errors can prove especially costly in accounting and inventory management. In addition to reducing manual tasks like data entry, automation solutions can improve data reliability. Plus, real-time tracking enables managers to react quickly to changes like market fluctuations and supply chain interruptions.
Enterprise Resource Planning (ERP) software enables automation or partial automation of the following tasks:
• Period Closings
• Financial Statement Creation
• Reporting and Planning
• Inventory Tracking
• Sales order creation and allocation
• Inventory Replenishment
In addition to being one of your key automation solutions, ERP also delivers reliable, real-time data insights for better decision making. With role-based user sign-on and traceability, ERP can help safeguard your business against fraud, errors and other audit risks.
It’s also important to note that other automation solutions designed for specific industries can often be integrated with top ERP solutions like Microsoft Dynamics and Sage.
With private hosting services, you can also go cloud with ERP while maintaining control of your critical data, and ad or remove integrations as needed.
Other important automation solutions include Desktopas-a-Service, Customer Relationship Management (CRM), Payables Automation apps and social marketing tools.