What If ERP was the key to business?

erp chave negocio Nuno Figueiredo board member abaco consulting

Opinion article by Nuno Figueiredo, Board Member of Abaco Consulting, to Jornal Económico: [PT Only] https://jornaleconomico.sapo.pt/noticias/e-se-o-erp-fosse-a-chave-para-o-negocio-564316

 

Standardizing processes using a single integrated system saves time, increases productivity, minimizes costs and risks.

Currently, ensuring more assertive and low-cost results is one of the great challenges for managers, especially in a market that is innovating every day. In 2020, technology promises to provide even greater advances, and it is increasingly essential that organizations, in managing their business, use modern management systems that are capable of keeping up with constant technological developments.

Being able to implement more agile and efficient processes is essential for the success of any business, as well as having a strategic tool that helps an organization to stay ahead of its competition. This is, in fact, the main role of ERP – Enterprise Resource Planning. A software that integrates all essential business operations, synchronizing them and developing a solid planning, optimizing all available resources to give a better performance and greater agility to the company, in all its business processes.

Imagine, for example, a company that has a specific system for accounting, another for payroll and another for its logistical operations. Wouldn’t it be more effective and productive if, instead of having isolated software for each of your departments, you implemented a unified system that includes information for everyone? This is precisely what an ERP system offers: the possibility for organizations to obtain a global view of information regarding any department of the company.

ERP, like all other technologies, has been evolving. Currently, they are more modern, more versatile, multifaceted systems and allow collaboration and ease of use through the mobility of social media tools and even more traditional platforms.

On the other hand, they also deal with big data and analytics much more easily, given the advances in the systems of compression, storage and use of the amount of available memory, while the computational distribution allows for real-time processing as well as analysis deeper understanding of data sources, both internal and external.

Facilitating the flow of information between all the organization’s activities also allows the manager to view consolidated and individual results, adopt a unified management and a faster identification of critical areas. Standardizing processes using a single integrated system saves time, increases productivity, minimizes costs and risks, and eliminates manual and ineffective controls, as well as duplication of tasks.

Through the implementation of an ERP, the manager is able to monitor the company’s performance while also optimizing spending on information systems, as well as facilitating the processes within a company while maintaining the history of its occurrences. Such data allows managers to identify the actions to be carried out and to plan the necessary resources for their realization. As such, a management system does not represent a cost, but an investment.

However, its implementation is a complex process because it has to integrate all the organization’s information, but it does not necessarily have to be difficult.

The important thing, in order to guarantee a successful implementation, is the availability of relevant business information so that the software is able to read and produce additional information to that which already exists in the organization. To this end, it must always bear in mind the objectives it intends to achieve when it starts implementing, with each system being customized according to its needs.

Through ERP, organizations are able to implement differentiated solutions not only for their business but also for the market where they operate, standing out from the rest of the competition. For this reason, modern management systems that are able to keep up with the latest technological developments have come to assume an increasingly important role in the management of any business.

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