ERP Justification
Understanding the ERP system landscape of business architecture makes it easier to achieve business components and standardized processes that have been tested by industry leaders. Customization and configuration of ERP software automatically help a company future-proof its trajectory. These are some of the adoption criteria:
Standardized Best Practices
The main drivers for business automation in today’s world are the desire for growth and Existing processes and systems are often unsuitable to scale to the growing number of end users and/or transactions or support the many complexities of business processes. Through standardized business automation and integrated data across the organization, ERP acts as a catalyst.
Unified Business Processes
Different business solutions that don’t talk to each other very well make running operations onerous. Many separate software systems mean that IT maintenance can become a nightmare. Customizing them, upgrading them, and applying patches and updates can be complex and deplete critical time and resources. With one ERP, that bottleneck doesn’t exist. Learn More.
Automatically Compliant
Government and institutional compliance requirements evolve. Navigating through the web of legal, regulatory, and supply chain equations has become tougher. These mandates include published accounting standards such as the International Financial Reporting Standards (IFRS). International trade standards, such as the North American Free Trade Agreement (NAFTA), and legislation such as the Sarbanes-Oxley Act (SOX), which require the implementation and documentation of internal controls, procedures, and processes.
Business analytics
Too many businesses have problems and unanswered questions. ERP helps better determine financial performance. It helps managers decide what levels of inventory should be kept or what it costs to make a margin assessment. Other questions an ERP system can answer might include: Why are customers dissatisfied? Why are delivery dates slipping? What can we do to accurately forecast and plan customer requirements? How can shipping costs be discounted?