June 5, 2021 Blog, Toronto, Canada

How Can ERP Save You Money

Nowadays, many businesses and industries are engaging in more advanced processes and practices to improve profitability in their given fields. One way is to use a system that can improve business performance without costing a lot of money. 

It is essential to use various systems and software to automate an organization’s task and manage it, especially in their activities. Finding the most suitable system and software for your company can improve its effectiveness and efficiency as a whole. Engaging with this specific software can help reduce the workload and number of activities.

What is an ERP System?

ERP System gathers and arranges vital business information and helps organizations to run solid and be well-structured. The essential part of using ERP or enterprise resource planning software is that it automates business processes. ERP system is a necessary demand for businesses looking to use their resources smartly. It is also a vital asset when it comes to coordination and planning. 

ERP allows companies to recognize different areas of their business that need improvement or maybe some expansion opportunities. Using ERP gives your employees the possibility of accessing it quickly, thus providing you with solving issues efficiently. These employees can take necessary action and control the problem, not taking a lot of time and money to resolve it.

How can ERP save you money?

The number one thing to consider when looking for the right ERP system for your business is the price. Using ERP systems for business integration and implementation might cost you some money. It also depends on the variety of applications you need, the number of users who will be accessing the system, and the quantity of customization you demand. Most of the companies that invest in using the best ERP systems in the market spent millions of dollars.

But why choose a costly ERP system if you can find more affordable and efficient software for your business? But before we go on with that particular system, let’s try to discuss the advantages of using an ERP system and how you can save a lot of money.

Using a single ERP system is low-cost.

If you want to manage the consistency of processes between different departments in your company, you may need to use a single and centralized ERP system. Using one system can help your company avoid paying multiple subscriptions separating platforms within departments.

It can also prevent using expensive processes when dealing with data. 

No more papers to waste

Training your company in using a digital format for your processes may avoid the usage of papers. We all know that shredding and recycling papers can take a lot of time to finish, so it is better to move into a more advanced procedure. In addition, using a digital formation is cheaper to manage, and you don’t need to buy cabinets and rooms to keep these papers. Aside from it is cheaper to use, it is also an environmentally friendly action towards your business.

Lesser challenges for the IT Team

It is very known in the past that a lot of companies were using different systems within departments. Using various methods for specific departments in your company can be the number one issue to maintain consistency. Before, this problem led businesses to require more extensive IT departments or more expensive projects and contracts from an IT service provider. Catering a single ERP system for the whole company will reduce IT errors and issues that can take more time and money to resolve.

Reducing staff training

If you worry about the needed staff training when using ERP systems, you can now feel relief. Using a single system will assure you of having lesser staff training. It can also prevent getting certain issues when training specific staff who might leave the company sooner or later. Letting all the company’s staff join and train on using a single system is very accessible and expensive especially in the future.

Responding to customers fast

Using an ERP system can give you substantial access to information hence, providing you the ability to respond to different queries from your customers. It is very time-saving and can improve the level of satisfaction from your customers. Satisfaction from your customers may lead to more sales, loyalty and can make your business successful. 

Accessible to information

One of the advantages of getting an ERP system for your business is that it offers information in real-time, cloud storage, and even accessing remotely. This kind of benefit means that wherever you go, even if you’re on vacation, you can effortlessly access the information you needed as long as you have an internet connection. You will no longer need to contact any of your staff to get any reports. You can quickly get all the data from your customized dashboard at any time and be able to read any missed reports anywhere you like.

Decreasing errors

Using a unified ERP system can lead to higher chances of consistency, giving you access to accurate information across your business. Getting precise information means minimizing errors and discrepancies between departments, which can be the number one reason for losing much money and resources and more time to waste just by resolving it. 

Reduces operation costs

Investing with an ERP system can allow your company to manage a wide variety of information such as inventory processes and resources, job allocations, cost of labor, and even shipments and deliveries. This benefit helps businesses look over the whole company’s operations while managing their resources better. Better management means improving the organization’s efficiency. Using an ERP system can also control inventories and order tracking, thus improving forecasting. This benefit will provide better direction for manufacturing industries, giving them accurate projections for material planning.

Tax returns in an efficient way

If you are looking to ensure compliance and get rid of headaches when talking about taxes, having an ERP system is the answer. Using a centralized system gives you easy access to any financial information, allowing you to complete tax time more manageably. In addition, having the correct information in front of you minimizes the errors, resulting in costly processes in auditing. In the long run, using ERP can save a lot of money and time without compromising the consistency in the business processes.

Now you have the idea of the benefits you can get when you engage your company’s business processes using the ERP system without spending a lot of money. The question is, what is the suitable one for you, affordable yet will not compromise the consistency with your business?

Introducing Odoo

If you are now ready to advance into the world of online format by using a very affordable kind of ERP System, you may want to consider using Odoo. Odoo is a kind of enterprise resource planning software that companies and industries widely use to manage different business processes. Odoo ERP has the ability to provide integrated, seamless functional business apps, which are called Odoo apps. These applications can help form an ERP solution when combined in various iterations or packages.

Why choose Odoo?

Aside from the benefits mentioned above, there are more good things to consider when choosing Odoo as an ERP system for your business. First, it is easy to use. Unlike other ERP Systems that you need a lot of training to be fully familiarized with, Odoo makes it easier for you to be an expert in using it. Second, if you are looking for a wide variety of applications to be used, Odoo offers many of them. You can easily access the information you needed from the applications it provides. Aside from these applications, the third benefit you can get from choosing Odoo is that it also incorporates various third-party add-on software apps. Another excellent advantage of getting Odoo as your company’s ERP system is that it offers Community an Odoo free version to be used smoothly. Most importantly, Odoo ERP is low-cost. Your business can enjoy all these good things without you thinking about time and money to save. 

Many companies also use Odoo ERP because it aligns their business’ customer relationship management database into a single system, giving them the complete perception of their customers’ demands. Odoo ERP provides a unified data system that your employees can easily access, especially when monitoring all your customer’s interactions. All emails, calls, making an order, and buyer feedback can all be accessed in a single system.

Aligning your customer’s interaction in one unified system can give you the idea of what they need and demand, and in the long run, you can get the knowledge of what to enhance. The system that Odoo ERP provides can also improve customer support and communications. Your business will no longer need to manually do all the processes, giving you the time to focus more on improving your products and services. With the enhanced customer support and communication, you can get a lot of satisfaction from your clients and customers that can lead to loyalty and profitability in the present time and the future of your business.

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