ERP Software from a single Vendor Vs Multiple Software Solutions from Different Vendors

With the evolution of enterprise resource planning software into the small and mid-size market, Increasing number of small businesses are opting towards the implementation of ERP software. An ERP implementation process generally starts with human resources management software, financial & accounting management software and point of sale software modules, then progress further into the organization’s manufacturing, distribution and inventory operations.

Many companies often select different functional explicit solutions from different software vendors to solve their interim problem. Thus, they do not have one integrated solution to satisfy their full business needs. As companies grow, the different systems, from different vendors, become inadequate to compete the business requirements and became liability. This cause informational discrepancy and reduces the benefits the software provided at purchase.

Some of the most common issues faced due to non-integrated multiple software in a company are:

·         Higher management is unable to see organization’s data in one place.

·         Inconsistent information across departments.

·         Different versions of revenue from finance and sales department.

·         Discrepancy due to separate databases.

·         Redundant paper work and workload increases.

·         Lack of data analytics and business intelligence.

In dynamic and competitive marketplace, business software is designed to make business operations easier and much more efficient. The primary benefits which software systems bring tend to fade away after the organization grows. At the same time, the increasing number of software systems become a burden to the IT department and the company itself. The lack of integration produces issues that begin to widespread and the demand for a new system emerge again.

The aim of ERP software is to run multiple departments as a single, integrated unit.  ERP software allows small and growing companies to achieve this target by maintaining one comprehensive ERP system. Advantages of an ERP software from one vendor like Erpisto are:

·         Complete visibility into all the important processes, across various departments of an organization.

·         A unified and single reporting system to analyse the information in real-time, across all departments.

·         Since same (ERP) software is now used in all departments, individual departments having to buy and maintain their own software systems is no longer necessary.

·         Certain ERP provider can extend their ERP systems to provide Business Intelligence functionalities    that gives insight on business processes and identify potential areas of problems/improvements.

·         Most of new generation of ERP are cloud and web based which makes them easier and accessible  from anywhere.

·  There are various modules in an ERP system like Human Resource Management, Finance/Accounts, Manufacturing, Marketing/Sales, Supply Chain/Warehouse Management, CRM, Project Management, etc.

·         Since ERP is a modular software system, it’s possible to implement either few modules based on the  requirements of an organization. If more modules are implemented, the integration between various departments get better.

·         Centralized database storage of all enterprise data.

·         ERP systems are more secured as centralized security policies can be applied to them.

·         It is possible to integrate other systems like bar code reader to the ERP system through an API.

·       ERP system make it easier for inventory tracking, order tracking, revenue tracking, sales forecasting and other associated activities.

Get complete insight of ERP software and take free consultancy and software demo by our expert team at Erpisto.