One of the biggest benefits of ERP software is the access and visibility that it gives you to your business data.
Whether or not you use ERP software, you will have lots and lots of data floating around your business. But only with an ERP system will you be able to easily and accurately utilise that data to improve your decision-making and business outcomes.
Learning from your experiences (and mistakes) is one of the best ways to improve – but if you can’t clearly see what has and hasn’t worked for your business, you won’t be able to improve.
The more you see and the more you know, the better decisions you can make – and the faster you can grow your business.
Overlooking data is overlooking opportunities
Without being able to view, analyse and report on your data and processes, you’re running your business blind.
You’re missing out on the easiest and cheapest way to improve your business procedures and future decision making – your existing business data.
Without the proper system in place, you’ll be left in the dark about:
- Customer buying habits
- When to order stock, and how much
- The performance of different locations, or productivity in relation to expenses
- Opportunities to improve efficiency in
- Sales performance by location or date
Not having a clear view of what is working well, what isn’t, and the opportunities that are there for the taking can cost time, money and growth opportunities. And if your competitors are doing it better, you won’t be able to keep up.
One of the reasons it’s so difficult for businesses to utilise their existing data is because accessing and interpreting it can be incredibly hard.
Disparate systems mean data is stored all over the place – and it’s not always accurate or easy to access. This can be rectified through:
By having all your systems speak to each other (and to all your staff), data can be easily shared and communicated. This means no searching for it and wondering if it’s accurate – it’s centrally located and can’t be tampered with.
Automation capabilities mean data can be collected and collated automatically, removing human error. It also makes it easy and quick to run reports and undertake analysis of data from all over the business without having to put in any extra effort.
These two features help turn confusing data into useful information – information you can use to improve and transform your business.
Turn your data into business-changing information with ERP software
Lots of data can be overwhelming, but when you have a way to organise it into organised information you can use it to your advantage.
An ERP system can not only allow you access to data, but makes it meaningful – allowing you to get new insights into your business, your inventory and your customers.
ERP software integrates your systems and automates your processes – and records everything along the way, for simple and easy access to business insights. By using these insights, you can make clear decisions about stock, management, sales and more.