What does ERP Stand for? 8 Benefits of Modern ERP Software

Successful companies are always on the lookout for ways to boost productivity, reduce costs, make smarter decisions, manage growth, and gain a competitive advantage. Today more and more companies are asking What does ERP stand for? and How will it benefit my company? Enterprise Resource Planning (ERP) strategy and software solutions address these challenges by streamlining business processes, eliminating duplicate data entry and redundancy, and delivering real-time reports and analytics for better decision making. Companies that implement an ERP strategy and software solution quickly gain a competitive advantage in our quick-paced and high-tech business world. Here are 8 ways a modern ERP software, like Sage 300 ERP, can help your business.

If you are wondering What Does ERP Stand for? or mean for your business? 

1. Make Smart Decisions with Better Business Intelligence: With integrated business intelligence, you can proactively manage business performance with real-time analytics, detailed reports, automated busienss alerts, and key performance indicators that pinpoint problem areas. With Sage Business Intelligence, you'll get a snapshot of cash flow, inventory performance, customer activity, and much more in an easy-to-read graphical dashboard so that you can make quick and informed business decisions.
2. Attract and Retain More Customers with Sage CRM: With integrated Sage CRM you'll have customer data at your fingertips, giving you instant access to the information you need to answer any questions your customers may have. Sage CRM helps you attract and retain customers, strengthen customer loyalty, and discover new revenue opportunities.
3. Go Mobile with Your ERP Solution: Now more than ever, people need to access important business data on the go. Modern ERP systems, such as Sage 300 ERP, provide employees with access to corporate systems from their smartphones and tablets. Mobile ERP functionality keeps your entire organization productive in the office or on the road.
4. Better Collaboration with Integrated Communication: Improve productivity and responsiveness with open lines of communication. Modern ERP systems connect everyone in a business - from the front office to the warehouse - with the same exact information from a central database, supporting collaboration and improving data accuracy. Easily share documents, data, reports, and attachments across your entire organization and with your customers.
5. Global Business Supported by Modern ERP: Modern ERP solutions help you keep up with global business demands by eliminating the need for localized solutions for each country. For example, Sage 300 ERP is a single system that meets local management needs and accurately reports across locations and borders.
6. Simplify and Comply with Better Reporting an Compliance: Simplify governance, risk, and compliance management with a modern ERP system. Today's solutions automatically enforce financial management standards, and deliver audit trails and compliance reporting.
7. Fast ROI & Low Cost of Ownership: Modern ERP systems deliver a rapid return on investment and a low total cost of ownership. Advanced architecture and web interfaces save time and money by making ERP software easy to install, implement, integrate, maintain, and upgrade.
8. Sophisticatication and Simplicity All in One: Modern ERP systems give you the best of both worlds, offering a wide range of features and flexbility while remaining easy-to-use and intuitive. Modern ERP solutions have become simpler for end users and far easier to manage for IT departments.

In summary, advances in technology have made ERP system accessible and affordable for all organizations, regardlesss of size or industry. For example, Sage 300 ERP offers a wide range of features out of the box with a variety of add-on modules that custom fit to your unique business processes.

Are you ready to experience what Sage ERP can do for your business? Contact the ERP experts at Equation Technologies for more information. A better workflow for your employees is our mission!

Watch this short video to learn more about the benefits of modern ERP...