1. Enterprise Resource Planning
Business agility and responsiveness to ever changing market dynamics are vital factors in remaining abreast of competition and sustaining profits. For a business to become agile, it must be able to track, monitor, and evaluate its major business activities in real time and subsequently make informed decisions.
The Enterprise Resource Planning (ERP) software is one management tool that can help your business become more agile by aggregating and organizing data that is spread across each of its independent departments. It can be used to collect, manage, store, interpret and organize data from diverse business processes. These include inventory management, shipping and payment, product planning and cost, marketing and sales, and manufacturing. ERP can also track important business resources—raw materials, production capacity, cash—and the status of business commitment.
Applications that form part of the ERP system differ from business to business, based on their needs and understanding with the software developer. However, the major function of all the applications is to facilitate information flow between data–generating business departments such as manufacturing, accounting, sales and purchasing. In fact, the basic goal of using an ERP system should be to provide one central repository for all data that’s shared by all the various facets of the business to enhance the flow of data across the organization.
2. Business Value of ERP
At its core, an enterprise resource planning tool can help employees in your organization execute their respective tasks more efficiently by breaking down barriers common in most business units. Specifically, ERP:
-Enhances the financial compliance of a business with regulatory standards and minimizes risks.
-Greatly improves customer support services by providing one source for billing and relationship tracking.
-Automates major and time-consuming business processes such as order-to-fulfillment, lead-to-cash and procure-to-pay.
-Avails global, real-time view of information that can enable businesses address concerns proactively.
3. ERP Trends
Many businesses—SME and larger organizations—have made ERP solutions an essential component of their operations. According to Enterprise Apps Today, ERP software is affected by the following trends:
Cloud enterprise resource planning is based in the cloud and relies on the cloud rather than proprietary server infrastructure to help businesses share information across different departments. It functions by integrating functions vital to running a business such as inventory, accounting, human resources and order management into one complete system. Today, cloud ERP solutions are more accessible and more mobile and have become a viable option for SMEs aiming to implement solid, cost-effective, and reliable solutions to organize and streamline their various business functions.
Social learning is fast becoming an important consideration in increasing collaboration and communication within organizations. To enhance social learning within organizations, vendors offer ERP social packages.
4. Importance of Using a VPN
A virtual private network (VPN) is a network that uses a public telecommunication infrastructure, like the internet, to provide individual users or remote offices with secure access to their company’s network. If you are going to use ERP, a VPN is essential to the framework of your company. Here are its benefits:
Whereas dedicated leased lines and circuits can be relatively reliable, they are quite expensive. Using a VPN can save your business more than half of its data service costs by adopting a cost-effective telecommunication solution such as ADSL.
Moreover, managed VPN service providers can save your business money by routing the data of several business departments (such as manufacturing, accounting, sales, procurement) over the same data lines.
Greater Access to Mobile Users
Most VPN users are telecommuters. Since many employees now work from home or spend most of their time on business trips, being able to connect to the company’s servers to access company data offers tremendous convenience. The VPN will also protect your company’s information should your employees need to connect via unsecured or public Wi-Fi networks.
Enhanced Data Security
With a VPN technology, your organization’s data can stay protected all the time. Hackers won’t be able to access any of your company’s important data such as financial accounts and other confidential files. It’s the single best tool you can have for data security. Therefore, it’s vital to find the right VPN for your employees.
An enterprise resource planning software is vital for any business, especially for a small or medium-sized business that needs to set up its framework. It provides one central repository for all data that’s shared by all the various facets and enhances the flow of data across the organization. Effective flow of data within a business is crucial for its growth.
Cassie Phillips is a writer and blogger for Secure Thoughts. She specializes in online security and data security for business and individual usage.