An Enterprise Resource Planning (or ERP) system is another term for a business management system. ERP software Australia can have a number of different functions, but at its core it is business management software designed to integrate, automate and streamline business processes to make businesses more time and resource efficient.
An ERP system is used for managing production, sales processing and inventory. It also monitors business resources between stakeholders such as:
- human resource
- manufacturing capacity
All of this is done in a single interactive database management system.
What types of ERP systems are there?
Online – Cloud-based or online ERP software Australia solutions are accessed via the internet and payment is a subscription basis. The software itself isn’t owned or licensed by the end user but is provided as a service. This is sometimes known as Software as a Service Solution (SaaS).
On-premise – all in one business management software solutions that are installed on a server physically located on the business premises. Usually, the license for an on-premise system is sold on an ongoing basis and treated as a capital expense.
Who can benefit from ERP software Australia?
Small businesses that invest in ERP software Australia will see many benefits and return on their investment. Let’s take a look at some of them:
Transparency: Instead of each part of your business having its own information system, all relevant data can be shared and accessed throughout your business. This eliminates the need to re-enter or export data, which means less human errors, increased productivity and cost savings.
Decision-making: Real-time data provided by all in one business management software can be beneficial for marketing, management, accounting, and it enables the business to make more informed decisions. An overall picture of operations allows for business owners (or managers) to make effective decisions and respond quickly to a changing business environment.
Productivity: The increased clarity and efficiency provided by streamlined business processes allows businesses to shift their focus and concentrate on growing their business. SMEs should be working “on” their business not “in” it.
Small business stock control: Effective small business stock control is vital for small business success. The right stock management software provided as part of an ERP solution will help you to review your pricing strategies by analysing your sales and profits and adjusting product pricing that isn’t generating maximum profit. Knowing your best performing products will then inform your buying strategy to increase the profitability of your business.
What types of industries require ERP software in Australia?
Any business that handles stock will benefit from an ERP solution that integrates stock management with accounting and point of sale functions. Businesses with multiple stores, sites or location will benefit the most as business functions are streamlined cross all locations.
Whether you’re considering ERP software for wholesale, concerned about small business stock control or just starting to research stock management software, an ERP solution could be your answer. Register your details and we’ll be in touch to recommend the best solution to grow your business.