Streamlining Your Business: A Guide to ERP & Accounting Systems

The task of running a business today is not easy. Companies are always looking for strategies and plans to help them with improve the efficiency of their workflow and get ahead the competition by making smarter decisions. Still, it is a fact that managing different departments is hard and lead to inefficient processes and costly errors. With the help of an Enterprise Resource Planning (ERP) system that can provide a comprehensive solution that will integrate and enhance important business functions.

What is an Enterprise Resource Planning (ERP)

An ERP system brings together important departments together, such as finance, accounting, human resources, sales and operations and acts like a backbone of the whole organization. This collaboration within the organization improves the overall productivity of all the departments by automating routinary tasks and removes manual data entry. Using real-time insights and analytics, the higher-ups and decision makers will be able to easily identify key opportunities for growth and improvement.

Businesses gains a significant boost with their overall operation’s processes by implementing an ERP system. With the workflow automation, errors are reduced and processes are sped up which then allows employees to focus their attention on more strategic activities rather than being held down by routinary tasks. Clearer financial performance enables businesses to make better decisions. Moreover, an ERP system improves client’s satisfaction with the enhanced order fulfillment, inventory management, and communication that’ll lead to a customer loyalty increase.

There are different ERP systems available in the market. Large corporations and SMEs can opt using SAP/HANA which is known for its functionality and scalability. Microsoft Dynamics 365 is a cloud-based solution that’ll integrate perfectly with other Microsoft products, which make it ideal for companies who are already using Microsoft ecosystem. Oracle NetSuite is also a cloud-based solution known for their user-friendly interface and superb customer service, perfect for SMBs. Sage Intacct are primarily targeted for medium-sized and larger small businesses that has more complex accounting needs.

ERP system selection needs careful considerations. Businesses must consider their size and industry in order to determine which ERP system is perfect for their operation. Another important factor to consider is their budget, because implementation, training, and maintenance costs can change depending on their unique needs. Another important factor to think about is the integration of the system with their legacy environment. Moreover, scalability is also an important feature to consider as a future-proofing plan for expansion. And lastly, vendor support is vital to ensure a smooth implementation process and ongoing assistance, partnering with a provider that can offer a reliable customer and technical support.

Partner with us!

Columbia Technologies, Inc. is here to help you enhance your business processes with our ERP systems (SAP/HANA, Microsoft Dynamics 365, Oracle NetSuite and Sage Intacct). We provide our expertise to assist you in selecting the perfect ERP system for your company.

Send an email to arivera@cti-phil.com to schedule an online/onsite demo!

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