Negosentro | Tech Talk: 5 Things All Business Owners Need To Know About Enterprise Resource Planning | If your business isn’t making use of Enterprise Resource Planning, it’s an unfortunate reality that you’re falling behind the curve. Technology is embedding itself further in our lives each and every day. As business leaders, we need to know what’s going on if we want to keep up with the times. That’s why today, we’re sharing five things all business owners need to know about Enterprise Resource Planning.
What Is Enterprise Resource Planning?
First of all, if you’re going to be making use of it in your business, you need to know what Enterprise Resource Planning actually is. Known as ERP, this type of software acts as a central hub to help manage all aspects of your business and projects.
Features often include the ability to handle risk management and compliance, oversight of your supply chain, and procurement and project management abilities. For example, Pronto ERP software offers a range of functionality across all of these areas, allowing you to easily see where you’re at across various projects and areas.
ERP Can Integrate With Your Security Measures
With cybersecurity being more important than ever, you need to be able to integrate all systems with whatever platform you make use of to oversee your risk management. The good news is that, in many ways, this is quite easy when it comes to pairing up your Enterprise Resource Planning platform.
For example, your ERP can be paired with a cybersecurity disaster recovery program if you need that extra peace of mind when it comes to having your data backed up. An ERP is a comprehensive system, so it can also be protected with minimal intervention.
It Benefits Everyone In The Company
Another great thing about making use of an ERP in your business is that it benefits everyone in the company, from upper management through to the new hire who only started half an hour ago. This is because things run a lot more smoothly when all staff members have easy access to the information they need to stay on top of their projects.
It Can Be Super Helpful At Tax Time
Enterprise Resource Planning software allows you to manage your accounts within its ecosystem. This can make tax time a whole lot easier as, throughout the year, all your invoices, transactions, profits, and losses will have natively been collected within the system.
All you need to do is give your tax accountant access to your ERP software, and they should be able to get all the information they need to ensure you’re on top of your obligations.
ERP Isn’t A Replacement For Good Accounting
Having said that, however, you’ll still need a staff member who is good with numbers to balance your books. If you want to take some stress off their shoulders, you can look into automated accounts payable software. However, in most cases, this is a different type of program that integrates with your ERP rather than being included out of the box.
There’s obviously a lot more to Enterprise Resource Planning than what’s outlined in this article. However, this information is a great place to start. Hopefully, we’ve helped you see the value in this type of software, and you can now start planning your system upgrade to help your business grow. If you need any help, don’t be afraid to reach out to a professional. ERPs are complex beasts, but once you’ve trained them, you’ll be on track for smoother and more efficient operations.