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When Does a Company Need an ERP?

The question that most growing businesses need to answer today is not a matter of whether they’ll need Enterprise Resource Planning Software (ERP), but when would they need it? With every growing business, comes a huge amount of data and it’s sourced to track and handle huge volumes of data has implications on cost, time, and management. So, how does one business know that they need an ERP? Businesses have realized that even if the cost of an ERP is high, money will be saved in the long run.

Several Departments of a Company Using Various Platforms

Many businesses find that there are lots of various platforms being used in numerous departments. For instance, the team in Sales uses one system to take and fill orders, but the Accounts department uses a complex system to track the orders. The same can be usually true for several departments in a single company, causing problems in keeping the system up to date, which eventually results in mismanaged organizations and broken supply chains. With ERP software, various business functions can be connected on one platform, ensuring different teams have access to the same live data and hence streamlining the process.  By doing so, the company will be more efficient and hence profitable.

The Accounting Aspect of the Business is Becoming Increasingly Disturbing

The accounting team finds their workflow unmanageable and they become frustrated when they are compelled to spend their time adding the same information to multiple databases. An ERP system eliminates the chances of double entries by giving a single platform to work. After implementing an ERP system, not only will records be far easier to access and create, but they will also be more reliable, resulting in providing a better experience for the users.

It Has Become Hard to Access Information

Although knowledge can be collected from platforms like spreadsheets and entered into one place to analyze, a growing business will find that this is no longer a sustainable system. Managing this data can become time-consuming and costly. ERP software will work off the data that has been captured and automatically create essential reports for sales margins, the sales history of a specific customer, or market trends.

Meeting Customer Demand Has Become a Struggle

Customers are the lifelines of a company, which means that keeping them happy is paramount to the success of any operation. If a business starts battling to fulfill client expectations due to growth in product demand and becomes incapable to meet the demand, nothing stops them from exploring other opportunities, a risk that no company wants to take. ERP software allows companies to organize and access their data from a central spot, assisting with problems that range from inventory tracking to retrieving financial records or purchase orders for a specific client. Bluekaktus ERP Software provides various features you need to overcome all the above-mentioned problems. 

Here are some features that make BlueKaktus ERP software unique-:

Cost Reduction: BlueKaktus ERP software tracks performance metrics and optimizes functions to reduce costs. It can reduce up to 5-7% annual costs.

Total Visibility: BlueKaktus ERP software allows total access to every essential process in your supply chain by making data from each department easily available to you and the management.

Improved Reporting and Planning: BlueKaktus ERP software gives you the ability to examine and differentiate functions across departments, without using various spreadsheets and emails. It provides you with real-time dashboards with a graphical interface.

Improved Efficiency: Along with reduced IT and training costs, BlueKaktus ERP software can lessen the time and effort required by your workforce to carry out their everyday activities. It eliminates repetitive manual processes, thus making team members focus on revenue-driving tasks. The system helps in selecting and implementing the industry’s best practices by aligning all the actions across the enterprise.

Customer Service: The number one thing a company should be concerned about is buyer acquisition and retention. Through the end-to-end tracking and insight given by BlueKaktus, you can have more satisfied customers.

Data Security: Another benefit of the BlueKaktus ERP software system is data security. After all, the core idea of an ERP is data. Sharing data across functions such as customer service, sales, marketing, and business development enhances collaboration throughout the company.

Improved Collaboration and Workflows: BlueKaktus ERP software streamlines the process of collaborating with others by providing employees with access to the relevant data at the right time. It does this by providing an interdepartmental database, where information from each department is captured into one centralized location, making it a single source of truth.

Product Lifecycle Management: BlueKaktus ERP software delivers timely notifications and tracks bottlenecks which helps in reducing the lead time.

Improved Supply Chain Management: For companies that deal with the movement of physical inventory and production, the BlueKaktus ERP software system bolsters supply chain management in a variety of ways. This improvement results in shortened lead times, on-time deliveries, and many other benefits that enhance the overall operation and success of your business.

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