ERP refers to a type of agile software solution that enterprises use to manage daily business operations as well as processes across various functionalities; finance, procurement, logistics, compliance, human resource, marketing and even sales. It provides efficient integration of multiple business functions with greater visibility over day-to-day activities and the best part of this is its built on a single platform with a common and consistent data model; making it the single source of truth for key data.
By uniting multiple business functions together, ERP helps to eliminate redundancies such as data duplication and integrity. Today, ERP systems are a critical business partner for enterprises of all sizes across a plethora of industries because it is seen as the main electrical source that keeps the lights on.
Since the early 1990s, ERP’s adoption rate has been growing rapidly while the cost of implementing the system also grew. The reason behind the high implementation costs? Large hardware was required to run ERP software and it is typically placed on-site at the enterprise; imagine big machines stacked in a server room as we often see in movies. On top of that, both hardware and software licenses required heavy investments annually and depreciation takes place over 5 to 10 years. Customisation of such systems to fit the need of an enterprises also tends to incur further financial costs through consultation, training & maintenance.
Fast forward to today, ERP systems have evolved leaps and bounds by embracing and leveraging on the internet. Implementation costs have gone down substantially while demand for ERP continues to grow as huge hardware is no longer a necessity while enabling agility in system customisation of enterprise needs. In other words, ERP system implementation is just a call away.
In any successful enterprise that has weathered economic and global challenges, it is a sure bet that ERP can be found at the heart of almost all business activities. When key data and processes are fed through ERP, leaders will be given the keys to orchestrate different business functions as one; often resulting in significant financial savings. A snapshot of ERP’s capabilities is as follow:
Enterprises often struggle to balance between traditional systems against the need for modern customized features with flexibility. One of the key benefits of Sage 42’s Service as a System (SaaS) model is that the software is kept updated with the latest industrial features, functions as well as best practices. This means that once the latest technology emerges in the market – such as AI, digital bots, analytical tools – we will provide access to it at your doorstep.
By catching the wave of new technologies, enterprises can quickly elevate their business activities and thus remain or become a market leader. ERP is well equipped to reduce heavy reliance on manual interventions while providing real-time single source of truth data points across all key business functions. Sage 42’s system provides a quick and agile platform that enable leaders to make sound decisions through a few clicks instead of having to physically travel to multiple locations or rely on fragmented pieces of information that are often scattered across the business floor.
Built for the digital age, today’s ERP system capabilities do embrace mobile, social and latest emergent technologies while being efficiently user-friendly. Learn more about how Sage 42 can help your enterprise.