ERP means benefits!

There are specific areas where an ERP solution can make a difference, enabling short-term and long-term money saving, in the following ways:

Reducing transfer expenses

In businesses where product transfer or delivery plays a significant role, keeping transfer expenses as low as possible is an essential factor for cutting costs. By using the ERP features and tools, businesses can improve their delivery schedules, mitigate the risk of repeated deliveries, and so on. Accordingly, the reduced number of driving hours means less expenses, thanks to less required working hours and smaller fuel consumption.

Monitoring pending invoices

Unpaid or pending invoices are a common thing in the business world. Thanks to ERP, businesses can monitor the unpaid bills and create follow-up contacts. It is obvious that any business that manages to minimize errors in invoicing, billing dates, emails, notifications, etc., will benefit from a direct positive impact on its profitability.

Minimizing training cost

The training tools included in an ERP solution can help you ensure that the training cost will be limited as far as possible. These tools include instruction manuals, FAQs, training guides, tutorials and videos. Furthermore, if additional training is required, this can take place during the working hours, instead of requiring extra time for seminars, workshops, conferences, and so on.

Restricting hardware-related expenses

When it comes to businesses, problems are part of every day’s work. An ERP system can help management track the time, the place and the person responsible for such an event and, then, log the issue and start the relevant process in order to restore it the soonest possible. Apart from everything else, the mobile features of ERP solutions enable employees to maintain an updated record of the products’ or the equipment’s condition prior to every delivery.

Long-term financial impact

ERP technology provides businesses with the most efficient management system, enabling them to cut costs even further and reduce unnecessary expenses. A typical example would be balanced bank accounts. It is very important for any business to have an accurate view of all credits and charges, as these appear in its account, and know where these come from and whether they are tax deductible and ensure the required balance. Another result of ERP technology is that businesses are able to reduce the time invested in searching charges, deposits and receipts, by using a set of tools that helps them verify that all the information is correct.