By connecting core business operations like financial management, supply chain management, customer relationship management, human resources, and more, companies hope to bring greater efficiency to processes and improve business outcomes.
The major benefits of ERP systems fall into three categories: the unification of disparate systems, the automation of manual processes, and enhanced reporting capabilities.
Without a single source of truth, employees can end up working from different datasets, which can increase errors rates and reduce organizational efficiency.
By leveraging a unified platform to share data across business applications, most ERP vendors offer functionality to automatically generate business intelligence reports that offer a more complete view of the business.
Access to this real-time business information and insights helps power better decision-making and enables staff to act more quickly when time is of the essence.
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