ERP (Enterprise Resource Planning) is replacing many older systems like Cost Control and Materials Management. The ERP System Malaysia is the most sought after ERP solution in the country. This is mainly because the cost effectiveness of ERP is unbelievable. It offers the benefits of a single-user pay as you go accounting software, plus added advantages like lower training and IT cost. This article is all about ERP System Malaysia and how it can improve your businesses.
When your business processes are automated, you no longer have to hire people just to manage them. All the work can be handled by the ERP system. For example, when a customer wants to buy a product from your company, they only pay if they actually get the product they ordered. Because this is a common feature of all businesses, most ERP programs enable the business owner to keep track of the business processes they are already undertaking.
It also helps your company save money and time in other ways. You no longer need to hire people to do all the bookkeeping work. The software will take care of that. It also tracks your sales and inventory so that you can run the whole business process in order of its importance. Because of these reasons, more companies are moving from their on-premises CRM to ERP and getting great results.
But there are some downsides of ERP, too. If your business processes are all located in one place, it means that the entire data of the company can get cluttered. This causes the data accuracy and can lead to information redundancy. In fact, a lot of companies experience data inconsistency now and then. The downsides of ERP system are relatively small compared to the benefits, so it’s very much worth giving the ERP a shot.
Another alternative for your ERP system is the Web-based ERP. This type of ERP is quite new to the market and it’s actually growing faster than the other types. In fact, many companies believe that it’s here to stay. It allows the company to move up the ladder faster because it provides many of the functions of an ERP system, but it acts like a browser on the Web, allowing you to access the applications via the Internet. In a way, it acts as the central information store, although not all the functions are available in the browser.
With the Web-based or software, the company doesn’t have to spend a lot of money to upgrade. It also comes with the advantage of being very flexible and customizable, and it lets you perform processes on a much smaller scale. This might be a good solution if your company has small businesses or divisions, because it’s much easier to manage these divisions using ERP software than it would be using a traditional in-house system. Another good thing about ERP software is that the operational data can be centrally located, which makes sharing information between departments easier.
The final type of ERP for your company is a platform. This is another software package that offers a more comprehensive solution than the other ones mentioned above. However, it’s usually sold as a hosted ERP system rather than a stand-alone application. Platforms offer many features such as inventory management, payroll, customer management, HR management, and accounting, and they’re designed for medium to large sized companies.
Each of the three types of ERP can be useful for different business processes. They can help you streamline your business processes and improve the productivity of your employees. You can use one type or mix and match between the types. Whatever you choose, though, the important thing is that your company’s ERP system offers your company the tools to effectively manage your business processes.