Home » Featured Insights » A look into the power of an enterprise resource planning (ERP) solution A look into the power of an enterprise resource planning (ERP) solution As organizations continuously look for innovation and growth within their operations, they start by setting a process to manage all aspects of their business aligning altogether financial management, manufacturing, supply chain and marketing to the core function of accounting. An ERP system works as a central hub for collecting and processing business workflows and data, all accessible through one application and one interface, making it easy to navigate, keeping the flow between several departments smooth and eliminating inefficiencies within the business as well as improving customer service. While it might sound costly to invest into an ERP system, however, unifying the system across different functions reduces the cost businesses would need to spend on multiple systems and licenses, a variety of platforms and applications, not to forget the amount of time needed to gather requirements and train people on several systems. Another benefit of an ERP solution is the 360-degree visibility on uniform data coming from across departments and functions enabling organizations to monitor data coming from different sources in real-time and make quick decisions based on accurate information. The lack of inter-departmental communication is as well resolved with having an ERP system in place that enables collaboration across the organization and ensures employees can access the needed information at a given moment which also results in increased productivity. When well implemented, an ERP solution acts as an integrated centralized database for all core processes of a business, making it easily scalable and expandable through unlimited seamless integrations that can link the business operation to additional functionalities reflecting business growth and quickly adapting to ever-changing business needs.