There are many advantages to implementing an Enterprise Resource Planning (ERP) software solution for small and medium-sized businesses. As a result, the ERP market continues to expand, with the total market size expected to reach nearly $50 billion by 2024. Among many other benefits, which we’ll cover below, an ERP can improve productivity, decrease costs, and streamline processes.
Microsoft Dynamics 365 Business Central ERP Solution automates and manages business processes across finance, retail, supply chain, manufacturing, human resources, and operations. It:
Let’s take a look at the top five ERP benefits Business Central brings to your organization.
ERP solutions like Business Central are easily scalable. This means any new functionality can be added quickly and simply, making for easy management of departments, new processes, and much more. ERP software is also flexible and configurable to your changing needs as your company grows, efficiently allocating resources.
A significant benefit of Business Central’s ERP is it gives decision-makers a top-down view of the entire business. As a result, you have complete visibility about what’s going on and can easily see statistics and graphs sourced from accurate, real-time data. You can also create dashboards that highlight critical information in an easy-to-obtain and read manner.
An ERP’s central repository ensures a fast and consistent flow of information across various business functions. That translates into faster and better employee coordination and collaboration which, in turn, improves efficiency and productivity. For example, all critical data such as operational processes, vendor lists, and bills of material are easily accessible by all relevant team members to create consistency and coordination in work processes.
Microsoft Dynamics 365 Business Central provides full online access to scenarios based on “Cloud Insight.” It analyzes your organization’s key performance indicators and delivers information such as:
For instance, a VP of Finance can see cash flow forecasts as they’re automatically generated. Likewise, a VP of operations can instantly check inventory levels to avoid any inventory shortages.
As your business grows, it becomes increasingly challenging to maintain control over data and scalability. An ERP system enables you to expand and scale your operations while maintaining complete control over your company’s operations. Unlike traditional tools like spreadsheets, an ERP uses the power of automation to provide you with the information you need to handle more complex business processes, including higher transactions and greater operational procedures. Finally, an ERP ensures lower operational costs by giving you more control, which helps you remain competitive and relevant.
Other ERP benefits include a better supply chain, simplified regulatory compliance, and improved security. Microsoft Dynamics 365 Business Central uses state-of-the-art encryption to protect your organization’s data. Optimal security protects important business information from getting into the hands of the wrong people.
Implementing Business Central’s ERP is a highly beneficial way to ensure successful business operations while boosting growth and improving efficiency. When compared to other ERPs, it provides easier customization, improved insights, and better customer service. The right Dynamics 365 partner can help you quickly implement your cloud-based ERP, develop custom solutions, and enhance business processes with apps that add industry-specific functionality. There’s simply no better way to grow and scale through cloud technology.