For a business to be successful, it needs to have the best support tools to control and manage the company. Here you will discover the ideal features of an ERP to be functional and provide important benefits for business management.
To manage a business correctly, an ERP can be of great help. That is why we will tell you what are the 10 features of an ERP that you should take into account when selecting the manager for your company.
What is an ERP
An ERP (Enterprise Resource Planning), also known as an Enterprise Resource Planning system, is a tool that helps with the management of a business.
As these integrated management systems are in charge of ensuring the smooth running of the company, selecting the features of an ERP is essential to effectively coordinate the different areas and processes of the business.
An ERP is a software that allows the integration and automation of business activities. This software has the ability to include management tools, integrate different areas and facilitate data flow.
Read on to learn about the essential features of an ERP for your company.
Features of an ERP
To manage a business correctly, an ERP can be of great help. That is why we will tell you what are the 10 features of an ERP that you should take into account when selecting the manager for your company.
What is an ERP
An ERP (Enterprise Resource Planning), also known as an Enterprise Resource Planning system, is a tool that helps with the management of a business.
As these integrated management systems are in charge of ensuring the smooth running of the company, selecting the features of an ERP is essential to effectively coordinate the different areas and processes of the business.
An ERP is a software that allows the integration and automation of business activities. This software has the ability to include management tools, integrate different areas and facilitate data flow.
Read on to learn about the essential features of an ERP for your company.
Features of an ERP
- When looking for an ERP, consider including the following features.
- It must promote automation
- Integration capabilities
- Real-time synchronization
- An intuitive interface
- Adaptable
- Common database
- Modules
- Data analysis
- Grow with your business
- Easy or zero maintenance
1. Encourage automation
The idea of ERP is to make it easier for you to carry out processes. Therefore, one of the main characteristics of an ERP is that you must prioritize what really helps you to automate, facilitating the work and reducing costs.
2. Integration Capability
It is of utmost importance that your ERP can be used in conjunction with the other software you already have in the company. For example, in case you have an online store, one of the characteristics of an ERP suitable for you is that it has integration with the payment platforms you use.
3. Real-time synchronization
Likewise, one of the essential characteristics of an ERP is that it can synchronize in real time. The idea is that the management of your projects is efficient, coordinated and profitable. That is why it is necessary that the synchronization is in real time.
If a problem arises with the project, it is essential to communicate it quickly so that the other team members can react quickly and begin to resolve it.
4. Intuitive interface
What is the point of having a powerful ERP, if the interface does not allow you to use it properly? One of the most important features of an ERP is that users can use it easily.
Beyond giving a course for the use of the software, it is better that the ERP itself is quite intuitive and that users have the least amount of doubts. In addition, the more intuitive an ERP system is, the shorter the learning curve.
UX-UI trends indicate that proper interfaces are now a priority, not an option. This will reduce costs because when new staff joins your company, you will not have to invest many hours of training.
5. Adaptability
Business is constantly evolving and it is necessary that your software can adapt to your new needs. It is no use if your ERP is useful now and not in a couple of years. When reviewing the features of an ERP, consider that it is better to invest in acquiring more modules or functions than in completely changing the software.
6. A common database
Some ERP systems divide the databases by area. When dealing with very large companies, it is best to have a common database to avoid duplication of information or inconsistencies.
Going back to the example of the online store, having everyone have access to product prices can avoid wasted time and miscommunication at different levels.
7. Modularity
One of the characteristics of an ERP that should not be missing is that it offers integral solutions to channel all the systems of a business. Modularity is crucial to avoid having several ERPs.
In the case of a company, some modules that the ERP should have are:
The idea of ERP is to make it easier for you to carry out processes. Therefore, one of the main characteristics of an ERP is that you must prioritize what really helps you to automate, facilitating the work and reducing costs.
2. Integration Capability
It is of utmost importance that your ERP can be used in conjunction with the other software you already have in the company. For example, in case you have an online store, one of the characteristics of an ERP suitable for you is that it has integration with the payment platforms you use.
3. Real-time synchronization
Likewise, one of the essential characteristics of an ERP is that it can synchronize in real time. The idea is that the management of your projects is efficient, coordinated and profitable. That is why it is necessary that the synchronization is in real time.
If a problem arises with the project, it is essential to communicate it quickly so that the other team members can react quickly and begin to resolve it.
4. Intuitive interface
What is the point of having a powerful ERP, if the interface does not allow you to use it properly? One of the most important features of an ERP is that users can use it easily.
Beyond giving a course for the use of the software, it is better that the ERP itself is quite intuitive and that users have the least amount of doubts. In addition, the more intuitive an ERP system is, the shorter the learning curve.
UX-UI trends indicate that proper interfaces are now a priority, not an option. This will reduce costs because when new staff joins your company, you will not have to invest many hours of training.
5. Adaptability
Business is constantly evolving and it is necessary that your software can adapt to your new needs. It is no use if your ERP is useful now and not in a couple of years. When reviewing the features of an ERP, consider that it is better to invest in acquiring more modules or functions than in completely changing the software.
6. A common database
Some ERP systems divide the databases by area. When dealing with very large companies, it is best to have a common database to avoid duplication of information or inconsistencies.
Going back to the example of the online store, having everyone have access to product prices can avoid wasted time and miscommunication at different levels.
7. Modularity
One of the characteristics of an ERP that should not be missing is that it offers integral solutions to channel all the systems of a business. Modularity is crucial to avoid having several ERPs.
In the case of a company, some modules that the ERP should have are:
- Accounting and invoicing
- Supplier management
- Collections
- Sales
- Payroll Stamping
- Inventory control
- Finance
8. Data analysis
It is important that you evaluate that among the characteristics of an ERP is the fact that it facilitates decision making. To this end, we suggest you consider whether it has elements such as:
Panel or dashboard that gives you the opportunity to visualize the aspects of the company that you should evaluate in order to improve it.
Generation of financial statements and accounting, sales, inventory and collection reports, among others.
It is necessary that the ERP you select shows you relevant figures of the company. Verify that you can get the graphs and data analysis you need from the software.
9. Ability to grow with your business
An ERP should allow you to add functions or capabilities according to the needs of the company. Sometimes, the features of an ERP can be adapted to the particularities of your business. Why have an ERP with functions that you do not use or that you will have to replace when you start to grow?
10. Be easy or zero maintenance
It is essential that you consider maintenance as one of the most valuable features of an ERP. Evaluate the costs of acquiring the ERP, implementation, training and maintenance.
This means that you have to analyze whether or not it will be easy for your software to be kept up to date in the future and what this would imply for your company in terms of training.
Take into account that if it is a system hosted in the cloud, the provider is the one who completely assumes the maintenance. And if it also includes free updates, great!
Conclusions
In summary, when selecting an ERP for your company, consider the following features as core: the ability to optimize business and processes, sharing information among work members, the ability to eliminate and adapt the software according to your needs.
Do you need an ERP to optimize and automate your business processes?
Bind ERP can help you. Contact us for personalized advice.
Visit our website to learn more about our ERP. Control all your business processes with Bind ERP, the most suitable management software for your business.
It is important that you evaluate that among the characteristics of an ERP is the fact that it facilitates decision making. To this end, we suggest you consider whether it has elements such as:
Panel or dashboard that gives you the opportunity to visualize the aspects of the company that you should evaluate in order to improve it.
Generation of financial statements and accounting, sales, inventory and collection reports, among others.
It is necessary that the ERP you select shows you relevant figures of the company. Verify that you can get the graphs and data analysis you need from the software.
9. Ability to grow with your business
An ERP should allow you to add functions or capabilities according to the needs of the company. Sometimes, the features of an ERP can be adapted to the particularities of your business. Why have an ERP with functions that you do not use or that you will have to replace when you start to grow?
10. Be easy or zero maintenance
It is essential that you consider maintenance as one of the most valuable features of an ERP. Evaluate the costs of acquiring the ERP, implementation, training and maintenance.
This means that you have to analyze whether or not it will be easy for your software to be kept up to date in the future and what this would imply for your company in terms of training.
Take into account that if it is a system hosted in the cloud, the provider is the one who completely assumes the maintenance. And if it also includes free updates, great!
Conclusions
In summary, when selecting an ERP for your company, consider the following features as core: the ability to optimize business and processes, sharing information among work members, the ability to eliminate and adapt the software according to your needs.
Do you need an ERP to optimize and automate your business processes?
Bind ERP can help you. Contact us for personalized advice.
Visit our website to learn more about our ERP. Control all your business processes with Bind ERP, the most suitable management software for your business.