Running a business in today’s market is not an easy task. You have to deal with increasing competition, changing customer demands, complex regulations, and evolving technologies. Let us also not forget the need to manage the different aspects of your business.
All these factors combined create challenges and inefficiencies that affect your profitability and growth. Therefore, you need a solution that can help you simplify and automate your business processes and give you a competitive edge. That’s where an ERP system comes in as a handy solution to save you.
Although Some businesses may think that implementing an ERP system is a luxury that they can afford to postpone or avoid, this misconception can cost them dearly in the long run. Implementing an ERP system nowadays is a necessity for any business that wants to survive and thrive. An ERP system can help companies gain competitive advantages and set their road toward success. Here, we will show you the top 5 reasons to get your ERP system today.
Increase your productivity
One of the main benefits of implementing an ERP software in UAE is that it can increase your productivity. Companies value productivity because it affects their profitability, growth, and customer satisfaction.
An ERP system allows for the automation and integration of various business processes and functions. As a result, you can eliminate operational silos, data inconsistency, and manual errors.
Surveys conducted on businesses that has already use ERP systems has shown an outstanding impact for the performance.
One study across European SMEs found that commercial ERP systems improved user productivity by an average of 13%, while another survey of US manufacturing companies found that ERP systems increased labor productivity by 9.6%, and inventory turnover by 20%.
Reduce the operating costs
The Challenge of cost reduction is that you need to lower your expenses without affecting the quality. This is never easy to achieve, yet it is not impossible, especially with the help of an ERP.
Cost reduction is not a feature of ERP system, but more like a byproduct. By automating and integrating your business processes and functions, your employees will be able to save most of the time spent on doing the manual work, and they will also make less errors saving the company a lot of money and resources.
The cost reduction you can achieve by using an ERP system can outweigh the amount that you pay for the ERP software providers in UAE. For example, if you use Odoo ERP system, which is one of the most affordable and flexible ERP solutions in the market, your business will be able to save up to 50% on operational costs and recover the initial payment in 18 to 24 months.
Enhance collaboration between teams
One of the main pros of using an ERP solution is that it can enhance collaboration between different teams and departments in the company. Collaboration is usually challenging due to the lack of effective communication, coordination, and trust, which can all be solved with an ERP.
An ERP system uses a centralized database to store all relevant data fed into the system from across the entire enterprise. With a core database, all employees from different departments can access information from anywhere, anytime, and from any device.
Furthermore, a centralized database guarantees that the data is consistent, accurate, and up-to-date for everyone. Which prevents any sort of duplication or error.
Improves your visibility
When running a business, you know how important it is to have accurate and timely information about your operations, finances, customers, suppliers, and competitors. Without this information, you may miss opportunities.
An ERP system not only gives you the information you need but also ensures that it is reliable and consistent. You will have up-to-date data at the at the tip of your fingers, which in turn will tell you all what you need to know about your business. Like what you are wondering? Like your business performance, the processes that has problems, the operations that are losing you money or those that bring you the most profits.
With an ERP system that has advanced reporting capabilities, you can always figure out what is the right thing to do, and seize opportunities before other even realize they exist.
Higher customer satisfaction
The phrase “the customer is always right is widely used in business to express the importance of customer satisfaction because customer satisfaction is the key to retaining loyal customers and attracting new ones.
How can a software get you new customer? Simply by providing the needed tools to deliver an remarkable service to your customer and clients.
For instance, you can use the CRM to view all the information you and use that data to realize relevant information that can help you help the customer faster, or suggest products or services you think they would need. The results usually are, more sales for the company, and a happy client.
If you are considering to implement an ERP system for you company in Dubai, Sharjah, or anywhere in the GCC feel free to contact us. our professional consultants will help you get the software your business need.