What is ERP and why do you need it ?
The term ERP or Oracle ERP cloud refers to enterprise resource planning. It's software that keeps track of a company's finances, supply chain, operations, commerce, reporting, manufacturing, and human resources.
Most businesses have a financial and operational system in place, but most other software can't help with future business growth or go beyond ordinary business activities.
Companies should be able to scale up as their needs change, and their systems should be able to keep up with them. We'll describe ERP cloud and why it's important to have software that can keep up with your changing business needs.
ABOUT ERP :
ERP systems used to be homogenous suites that worked in isolation and didn't communicate with other systems. To meet specific business requirements, each system required expensive, sophisticated, and specialised programming, which hampered — or even prohibited — the adoption of new technology or process optimization.
What sets today's ERP software apart is that it integrates all of these disparate operations together in a single, fluid system. It connects all of your data for improved insights that help you optimise your operations across your entire organisation, not just within your ERP system, but also within your productivity tools, e-commerce, and even customer interaction solutions.
A modern ERP solution also provides flexible deployment choices, enhanced security and privacy, long-term sustainability, and low-code customization. But, most critically, it will establish continuity and durability in your business and processes by providing insights that allow you to innovate quickly today while also preparing your company for tomorrow's challenges.
There are basically three types of ERP which function with different deployment model options. Three most common types of ERP includes; ERP Cloud, on premise ERP, hybrid ERP.
WHAT IS THE NEED OF ERP AND WHAT BUSINESS FUNCTIONS BENEFIT FROM ERP? :
While there isn't a one-size-fits-all software solution for every corporate function, ERP or Oracle ERP Cloud technology is improving at connecting processes together. You'll have the intelligence, acceleration, and agility you need to start optimising your operations once your processes, systems, and data are connected.
Three major ways in which ERP can improve your business are :
Assist in achieving peak performance. Artificial intelligence (AI) solutions give you access to insights that help you make better decisions and identify methods to improve operational performance in the future.
Increase the speed with which your operational influence is felt. By integrating processes and data, you can provide employees more visibility and freedom, allowing them to act more swiftly and generate more value across the organisation.
Ensure that your company is flexible. Many ERP solutions are designed to adapt to your needs and evolve with you, allowing you to plan ahead of time for any operational disruption or market change and respond quickly.
ERP can assist your company to cover a wide range of fundamental operations, bridging the gap between the front and back offices and allowing you to adjust your solution to changing business goals. Some of the most important business functions are: Commerce, Finance, Human Resources, Manufacturing, Supply Chain.
Hope this blog was useful for you. Contact us for any further queries related to Oracle Integration Cloud, Oracle Cloud EPM, Oracle Analytics Cloud, etc.
ERP system really help business in boosting productivity by automating process
ReplyDelete