Why are businesses using ERP Software?

Enterprise Resource Planning (ERP)for businesses

Enterprise Resource Planning, otherwise known as ERP, refers to an all-in-one software system which manages your day-to-day business operations, finances and accounting. The system enables proper management of your businesses daily operations, streamline procedures and coordinating activities, which helps you focus on the big-picture.

Growing and evolving your business successfully is all about planning, preparation and efficient management, and without an efficient integrated ERP system delivered by a knowledgeable partner, it can be difficult to manage large and distributed businesses.

How an ERP software can help your business

Enterprise Resource Planning (ERP) software assists in maintaining productivity and transparency within your business on a day-to-day basis. Depending on how the system is implemented and what your business focuses on, an ERP system can control the accounting, manufacturing, project management, supply chain, procurement and many of the daily processes of your business.

ERP systems can define and automate your business processes to enable a smooth and accurate flow of data across different departments. Utilising data across different parts of your business, ERP software eliminates duplication and provides data with integrity for smooth and accurate forecasting, finance and accounting.

Well-implemented ERP systems like Triumph ERP integrate into your business on all levels to ensure that all information is accurate, easily accessible and working in harmony to support business objectives. Triumph ERP software will help you see the big picture with accurate data shared company-wide.

Check out our blog What is ERP? for more information about ERP systems.

The benefits of ERP software implementation

Relied upon by businesses big and small, ERP software is the backbone of daily operations and activities. ERP’s can offer an array of benefits to your business, such as:

  • Streamlined Processes: as your company grows and processes get more complex, implementing an ERP system can provide operational efficiencies through automation of tasks.
  • Cost reductions: operations across your business will gain a higher efficiency, reducing delays and improving the processes of all the departments, from accounting to customer relations.
  • Business insights: ERP provides real-time information in clear and concise reports generated from accurate business data.
  • Data integrity: ERP offers improved data integrity and financial control for greater confidence in reporting and accounting.

Why ERP is important for companies of all sizes

ERP is considered a valuable investment by businesses of all sizes. Essential to daily operations, productivity and record keeping of countless organisations, ERP software will enhance the efficiency and accuracy within your business procedures to save you a considerable number of mistakes, oversights and delays.

If you have a smaller growing business, you may feel that ERP seems like an unnecessary addition. While you may find yourself already taking care of all activities, records and data across multiple separate systems, many business owners find that they struggle to keep track of everything as their business grows. From adding employees to expanding product offerings and sites, ERP software will help you integrate all of your processes, systems, data and activities into one system that works to support your success. ERP provides smaller growing businesses with a way to ensure all employees have fast access to the resources they need to grow your business, enhance productivity and complete reporting with confidence and accuracy.

For most large companies, ERP becomes the backbone of their business and is integral to their core strategies. With the ability to be customised to suit the requirements of each individual business, ERP supports businesses of all sizes with precision and reliability.

How to implement an ERP system into your business

The first step in implementing a successful ERP system is to define what you are trying to achieve within your business, and the objective criteria by which to measure success. This needs to be based on the business case put forward when making a decision to implement an ERP system into your business, regardless of your company’s size.

Next you need to engage with an accredited partner that you feel you can trust, and who takes the time to understand your business. They need to be clear on the challenges, processes and integrations that are important to the organisation, such as the Triumph ERP accredited partners, who are required to meet strict criteria for experience, integrity and commitment to delivering effective business solutions.

Within your own team, you will also be required to nominate the internal project team and give them the authority and the time to dedicate towards the project. Your accredited partner and the internal team need to be clear on the objectives of the project through the entire implementation process.

Following a thorough consultation on the needs of your business, the accredited partner will design and plan an ERP solution tailored to your business with project objectives, budget, timelines and details about how to control the project scope. They take into account your current circumstances alongside your business growth projections and objectives to ensure that your ERP system can continue to meet your needs as you grow and evolve.

As with any new system or software, an implementation must be efficient, effective and comprehensively planned. Accredited partners will provide you and your team with the insight, training and know-how to effectively utilise your ERP in daily operations. The goal should be that your business is able to take ownership of your own system after going live.

Triumph ERP software and their partners

Triumph ERP software is sold and supported exclusively by fully trained and accredited partners. Our Accredited Partners are the key to our outstanding and responsive service. We only appoint organisations that meet strict criteria for experience, integrity and commitment to delivering effective business solutions.

All of our Accredited Partners have a thorough knowledge of Triumph ERP, as well as accounting qualifications and skills. They are best placed to help you because they understand your business, how your software is installed and set up, and the network/hardware environment it’s running on. If they’re unable to resolve any issues you may have, then they will enlist our help as the Australian developer of Triumph ERP software, making sure that your business is always operational.

Triumph ERP is built upon a modular design, allowing the software to be customised and scaled to suit needs and support business growth. This unparalleled ability to add on modules and users makes Triumph ERP the most capable and affordable entry level ERP software on the market today.